Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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Effective Date: 09/01/2008, Docket: RP05-157-014, Status: Effective

Original Sheet No. 23 Original Sheet No. 23

 

STATEMENT OF NEGOTIATED RATES

 

Customer Name: Public Service Co. of North Carolina, Inc.

Contract Number: 420034

Rate Schedule: FSS

Demand Rate: 2/ 3/ 4/

Commodity Rate: 2/ 3/ 4/

Term of Negotiated Rate: 9/1/2008 - 3/31/2018 2/

Quantity: MSQ = 200,000 Dth, MDWQ = 20,000 Dth/d MDIQ = 10,000 Dth/d

Receipt Point(s): 44760

Delivery Point(s): 44770

 

 

1/ The designated service agreement does not deviate in any material respect from the form of

Service Agreement contained in Saltville's Tariff.

 

2/ During the Term of Negotiated Rate the following rates shall apply:

 

Monthly Space Reservation Charge which shall be the product of the Space Reservation Charge

(Annual)of $1.659 multiplied by the Maximum Storage Quantity divided by twelve (12).

 

Monthly Injection Reservation Charge which shall be the product of the Injection Reservation

Charge (Monthly) of $3.322 multiplied by the Maximum Daily Injection Quantity.

 

Monthly Withdrawal Reservation Charge which shall be the product of the Withdrawal

Reservation Charge (Monthly) of $1.657 multiplied by the Maximum Daily Withdrawal Quantity.

 

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Storage Withdrawal Charge of $0.05 per each dth withdrawn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Excess Withdrawal Charge of $0.05 per each dth withdrawn

 

If at any time during the Term of Negotiated Rate the sum of the Monthly Space Reservation

Charge, Monthly Injection Reservation Charge and Monthly Withdrawal Reservation Charge based

on Saltville' then effective Maximum Recourse Rates is lower than the sum of the negotiated

Monthly Space Reservation Charge, Monthly Injection Reservation Charge and Monthly Withdrawal

Reservation Charge set forth above, then the Negotiated Rates for the Monthly Space

Reservation Charge, Monthly Injection Reservation Charge and Monthly Withdrawal Reservation

Charge shall be established at a level equal to Saltville's then effective Maximum Recourse

Rates for the Monthly Space Reservation Charge, Monthly Injection Reservation Charge and

Monthly Withdrawal Reservation Charge, respectively, for the period of time during which the

sum of these charges based on Saltville's then effective Maximum Recourse Rates is lower than

the sum of these charges based on the Negotiated Rates set forth above. To the extent that

Customer is paying the Negotiated Rates provided herein and Saltville's then effective

Maximum Recourse Rates are in effect subject to refund under Section 4 of the Natural Gas Act

with refunds ultimately required, and the final Maximum Recourse Rates are reduced to levels

below the Negotiated Rates provided herein, Saltville shall refund to Customer the difference

between the amount actually paid by Customer on the basis of the Negotiated Rates during such

period and the amount that would have been paid if Customer's charges were calculated on the

basis of the final Maximum Recourse Rates.

 

In addition to the rates set forth above, during the Term of Negotiated Rate, Customer shall

pay all other applicable charges and mandatory surcharges specified in Saltville's Tariff

(such as FERC Annual Charge Adjustment) and fuel and lost and unaccounted for gas and

electric power charges, and Customer shall be entitled to a pro rata share of any refunds or

adjustments specifically related to such charges, and shall be entitled to all credits, that

are provided to Customers paying maximum recourse rates, as set forth in Saltville's Tariff

as revised from time to time pursuant to Saltville's Tariff. Customer shall not be charged

for any voluntary surcharges such as GRI Rate Adjustment.