Dominion Cove Point LNG, LP

Original Volume No. 1

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Effective Date: 04/01/2004, Docket: RP04-197-004, Status: Effective

First Revised Sheet No. 75 First Revised Sheet No. 75 : Effective

Superseding: Original Sheet No. 75

 

RATE SCHEDULES FPS-1, FPS-2, FPS-3

10-Day, 5-Day, 3-Day Firm Peaking Service

(Continued)

 

 

 

5. DESCRIPTION OF OPERATIONS (Continued)

 

(h) Storage Turnover. Each Buyer of peaking service under this Rate Schedule shall,

unless provided a waiver from Operator, withdraw every twenty-four (24) months, in

accordance with the provisions of this Section 5, a minimum quantity of LNG in

storage equal to the lower of Buyer's maximum Liquified Gas Balance during the

twenty-four month period or Buyer's MCPQ. The first such twenty-four (24) month

period shall commence on April 16 of the first Injection Season following

commencement of service under this Rate Schedule. If during any twenty-four (24)

month period ending on April 15, Buyer has not withdrawn a minimum quantity of LNG in

storage equal to the lower of Buyer's maximum Liquified Gas Balance during the

twenty-four (24) month period or Buyer's MCPQ, then Operator shall retain as

Retainage a quantity of LNG equal to Buyer's Liquefied Gas Balance on April 16

multiplied by the applicable Retainage percentage.

 

(i) Elected FTS Service. Buyers that receive service under an Elected FTS Service shall

not schedule or deliver daily quantities of Natural Gas for transportation under such

Elected FTS Service in excess of Buyer's MDPQ nor shall the total daily combined

quantity of Natural Gas nominated and delivered to or for the account of Buyer under

this Rate Schedule (exclusive of Authorized Excess Withdrawal Quantities) and such

Elected FTS Service exceed Buyer's MDPQ.

 

 

6. POSSESSION OF NATURAL GAS AND LNG

 

Operator shall be deemed to be in control of and have responsibility for the Natural Gas to

be stored as LNG by Operator after the receipt thereof by Operator from Buyer or others at

Buyer's direction, and prior to the delivery of such Natural Gas to Buyer. Operator shall

be deemed to have no responsibility with respect to such Natural Gas or LNG prior to

Operator's receipt thereof, or after Operator's delivery of Natural Gas or regasified LNG

thereof, to or for Buyer's account.