Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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Effective Date: 10/01/2007, Docket: RP05-157-009, Status: Effective

Sub Original Sheet No. 20 Sub Original Sheet No. 20 : Effective

 

 

STATEMENT OF NEGOTIATED RATES

 

Customer Name: Carolina Power & Light Co. dba Progress Energy Carolinas, Inc.

Contract Number: CP&L00258S 1/

Rate Schedule: FSS

Demand Rate: 2/ 3/ 4/

Commodity Rate: 2/ 3/ 4/

Term of Negotiated Rate: 10/01/2007 - 10/31/2012

Quantity: MSQ = 304,570 Dth, MDWQ = 30,457 Dth/d, MDIQ = 15,229 Dth/d

Receipt Point(s): 59760

Delivery Point(s): 59770

 

1/ Pursuant to the Federal Energy Regulatory Commission order dated December 31, 2007, in Docket

No. RP05-157-008, and the compliance filing dated January 18, 2008, the designated service

agreement does not deviate in any material respect from the form of Service Agreement

contained in Saltville's Tariff.

 

2/ This is a summer only storage service. During the Primary Term for the months of April

through October only, the following rates shall apply:

 

Storage Injection Charge of $0.05 per each dth injected.

Storage withdrawal Charge of $0.05 per each dth withdrawn

Excess Injection Usage Charge of $0.05 per each dth injected

Excess withdrawal Charge of $0.05 per each dth withdrawn

 

Monthly Space Reservation Charge which shall be the product of $1.028 multiplied by the

Maximum Storage Quantity divided by twelve (12) for the period April-October which fee shall

be payable in seven equal, monthly installments during the period April through October. For

the month of October 2007, there will be no Monthly Space Reservation Charge.

 

Monthly Injection Reservation Charge of $2.060 Dth/d which shall be the product of $2.060

multiplied by the Maximum Daily Injection Quantity and shall be payable during the period

April through October. For the month of October 2007, there will be no Monthly Injection

Reservation Charge.

 

Monthly Withdrawal Reservation Charge of $1.030 Dth/d which shall be the product of $1.030

multiplied by the Maximum Daily Withdrawal Quantity and shall be payable during the period

April through October. For the month of October 2007, there will be no Monthly Withdrawal

Reservation Charge.

 

The rates specified above shall be all-inclusive and Shipper shall not be charged any

additional surcharges or fuel and lost and unaccounted for, or electric power charges.

 

3/ In consideration of the rates set forth above, the applicable rates for service under the

Service Agreement during the Primary Term shall remain as stated above. Therefore, pursuant

to Section 3.2 of the FSS Rate Schedule of Saltville's FERC Gas Tariff, the rates set forth

above shall constitute Negotiated Rates. The Negotiated Rates shall replace the otherwise

generally applicable maximum recourse rate, rate component, charge or credit in Saltville's

FERC Gas Tariff ("Tariff Rates"), and the Tariff Rates shall not apply to or be available to

Shipper for service under the Service Agreement during the Primary Term (to the extent that

such Tariff Rates are inconsistent with the rates set forth above), notwithstanding any

adjustments to such generally applicable maximum recourse rate, rate component, charge or

credit which may become effective during the Primary Term.

 

4/ If, at any time after service commences under the Service Agreement, Saltville is collecting

its effective maximum recourse rates from other Shippers subject to refund under Section 4 of

the Natural Gas Act, Saltville shall have no refund obligation to customer even if the final

maximum rate is reduced to a level below the Negotiated Rates provided herein. Customer's

right to receive credits relating to Saltville's penalty revenue or other similar revenue, if

any, applicable to service on Saltville's system shall be governed by Saltville's FERC Gas

Tariff and any applicable FERC orders and/or regulations. In the event customer releases its

firm storage rights under the Service Agreement, Shipper shall continue to be obligated to

pay Saltville for the difference, if any, by which the Negotiated Rate herein exceeds the

release rate.