So in summary do we agree that we think CTP gets paid for the...

So in summary do we agree that we think CTP gets paid for the gas delivered to customers (probably a month in arrears) and any unused capacity under the take or pay contract is settled annually.

Usually these contact work like this:

Set annual take or pay quantity = 1,000
Price = $8 (broken down as $5 for available capacity and $3 for delivery)

Therefore if a customer only takes 800 units in a year the revenue calculation is this:

1000*$5 + 800*$3 = $7,400

Applying this to CTP, they are receiving the 800*$3 annually and the 1000*$5 monthly in arrears