Limited effect of indefinite escalator clauses; price calculated monthly; exceptions

55-1405. Limited effect of indefinite escalator clauses; price calculated monthly; exceptions. Notwithstanding the restriction on the operation of indefinite price escalator clauses imposed by K.S.A. 55-1404, after March 1, 1979, such indefinite price escalator clauses in gas purchase contracts subject to this act may be given effect in accordance with their terms to the extent that the price payable under such contracts is not increased above the maximum price such gas would receive if it qualified under section 109(b) of the natural gas policy act of 1978. The maximum price shall be calculated on a monthly basis. Nothing in this section shall be construed to apply to gas produced from new wells, new reservoirs or stripper wells as defined by this act. History: L. 1979, ch. 171, § 5; May 29. CASE ANNOTATIONS 1. Cited in affirming state corporation commission's order of dismissal of petition requesting natural gas price increase; issues involving natural gas purchase contract determinable in district court. Pickrell Drilling Co. v. Kansas Corporation Comm'n, 232 Kan. 397, 398, 399, 402, 654 P.2d 477 (1982). Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026