Dominion Cove Point LNG, LP

Original Volume No. 1

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Effective Date: 05/01/2005, Docket: RP05-270-000, Status: Effective

Original Sheet No. 280 Original Sheet No. 280 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

 

27. Transmission Electric Power Costs Adjustment Provision

 

27.1 General

 

This section of the General Terms and Conditions sets forth the procedures pursuant to

which Operator will collect from Buyers amounts paid by Operator for the transmission

electric power costs used at Operator's electric powered compressor station located at

Pleasant Valley, Virginia.

 

27.2 Conditions

 

(a) The Transmission Electric Power Cost rates set forth in Dominion Cove Point's

Volume No. 1 Tariff may be increased to reflect a net positive change in

Transmission Electric Power rates and shall be decreased to reflect a net negative

change in Transmission Electric Power rates.

(b) Operator shall file with the Federal Energy Regulatory Commission to reflect net

changes in the Transmission Electric Power rates at least 30 days prior to each

April 1, which is the beginning date for the Transmission Electric Power Annual

Period.

 

27.3 Definitions

 

(a) Cove Point East Buyer - A Buyer taking service from Operator under a firm service

agreement executed in connection with Operator's Cove Point East Project, as an

original Buyer, a successor to such a Buyer or as an Assignee of such a Buyer.

(b) Transmission Electric Power Annual Period - The annual period beginning April 1 and

each annual period thereafter (except for the initial annual period which shall be

the annual period beginning with the in-service date of the Cove Point East

Project).

(c) Actual Transmission Electric Power Costs - The cost incurred by Operator for

transmission electric power used at Operator's electric powered compressor station

located at Pleasant Valley, Virginia. Operator shall classify the Actual

Transmission Electric Power Costs between demand and commodity on an

as-billed basis. Such actual cost shall include all charges attributable to any

period encompassed by the effectiveness of this Section 27, including all refunds,

surcharges, billing adjustments and interest, positive or negative.

(d) Estimated Transmission Electric Power Costs - The projected Transmission Electric

Power Costs for the Transmission Electric Power Annual Period.

(e) Estimated Contract Demand - The projected annual contract demand attributable to

services provided by Operator to Cove Point East Buyers to which Operator

allocates or assigns transmission electric power cost.

(f) Estimated Commodity Volume Quantity - The projected annual commodity determinants

attributable to services provided by Operator to Buyers transporting Natural Gas

from west to east on Operator's system to which Operator allocates or assigns

transmission electric power costs, which costs are collected through the commodity

or volumetric rate component of such services.

(g) Deferral Period - The period of 12 months (except for the initial deferral period

which shall be based on the in-service date of the Cove Point East Project) ending

3 months prior to the effective date of a change in rates filed pursuant to this

Section 27.