Florida Gas Transmission Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 09/01/2006, Docket: RP06-463-000, Status: Effective

Original Sheet No. 535 Original Sheet No. 535 : Effective

 

FORM OF SERVICE AGREEMENT

Applicable to Agreements Executed After April 1, 2002

Firm Transportation Service - Market Area (continued)

FTS-2

 

5.3 For a Shipper in the business of generating and distributing electricity

 

and who sign a Service Agreement with a term of twenty (20) years or more, in the

 

event of the enactment of any statute or the issuance of any order, rule, or regulation by a

 

state or federal governmental authority that changes the electric market structure in the State

 

of Florida, Shipper shall have the right, upon three (3) years prior written notice to

 

Transporter, to terminate that portion of the firm quantity provided for in Shipper's Service

 

Agreement utilized for electric generation at any time after the tenth anniversary of the

 

commencement of the primary term of the Shipper's Service Agreement.

 

5.4 Shipper may buy out of a Service Agreement for all or a portion of its

 

transportation capacity ("MDTQ") thereunder, at any time, by paying Transporter the net present

 

value of Shipper's remaining reservation charge obligations for such capacity, discounted at a

 

reasonable rate to be mutually agreed upon by the parties at the time of such buy-out.