Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 07/16/2003, Docket: RP02-361-011, Status: Effective

Original Sheet No. 8I Original Sheet No. 8I : Effective

 

STATEMENT OF NEGOTIATED RATES

 

Contract Contract Rate Reservation Usage Receipt Delivery

Shipper Number Term Schedule Rate 1/ 2/ Rate 1/ 2/ Points Points Quantity

------- -------- -------- -------- -------------- --------- --------- --------- --------

Florida Power Corporation 7/

9000665 7-16-2003 FTS-6% 3/ $0.55 4/ $0.02 5/ MR 450, 30,000 Dth MDQ

to 6-1-2024 6/ MR 415, MR 410

 

1/ Unless otherwise specified, the Reservation Rate is stated in $/Dth per Day. The Commodity/Usage Rate is stated in $/Dth delivered.

 

2/ In addition to the above referenced rates, Shipper shall pay all applicable charges or surcharges as set forth in Transporter's Tariff;

provided, however, Shipper's rate shall not exceed $0.57/Dth on a 100% load factor basis. Shipper shall also provide a fuel and loss

reimbursement as reflected in Transporter's Tariff, as revised from time to time pursuant to Section 23.2 of the General Terms and

Conditions, provided, however, Shipper shall not be obligated to pay a Transporter's Use (%) in excess of 2-1/2%.

 

3/ This is the Maximum Hourly Flow Rate.

 

4/ If Gulfstream (a) is a party to or hereafter becomes a party to any negotiated rate precedent agreement or service agreement with any third

party for firm transportation of gas on the Gulfstream pipeline system (including, without limitation, any expansion of the Gulfstream

Project) equivalent to the service provided for in this service agreement, i.e. for (i) firm, forward haul transportation of gas into the

State of Florida, (ii) for a term of service equal to twenty (20) years or less, and (iii) with an MHQ (as defined in this service agreement)

of 6% or greater (collectively "Equivalent Service"), and (b) pursuant to such third party precedent agreement or service agreement for

Equivalent Service is obligated to provide to such third party rates that are more favorable to such third party than the comparable rates to

be provided to Florida Power Corporation under this service agreement, Gulfstream will promptly offer such more favorable rates to Florida

Power Corporation by way of an amendment to this service agreement.

 

5/ DIGP 20" Offshore Pipeline, Exxon/Mobil Maryann Plant, Williams Mobile Bay Processing Plant, Mobile Bay Processing Partners Plant, Destin

Pipeline, Gulf South Pipeline, and any receipt points added in the Pascagoula, Mississippi and Mobile Bay, Alabama areas.

 

6/ This term reflects the term during which the negotiated rate is applicable. The negotiated rate contract was made and entered into, and

approved by the Commission to become effective, on December 1, 2002.

 

7/ This negotiated rate agreement does not deviate in any material respect from the Form of Service Agreement contained in Transporter's Tariff.