Pine Needle LNG Company, LLC

Original Volume No. 1

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Effective Date: 05/01/1999, Docket: CP96- 52-003, Status: Effective

Original Sheet No. 65 Original Sheet No. 65 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

18. FUEL RETENTION ADJUSTMENT PROVISION (Continued)

 

18.6 GRO Index

 

For any month, the GRO Index shall consist of the simple average of

four relevant price series, expressed in units of $/MMBTU, set forth

in the table "Gas Price Report" published in the first issue in such

month of Natural Gas Week (or any succeeding publication of Oil Daily,

Inc.) for the following geographical regions:

 

Texas, Gulf Coast, Offshore, Spot Delivered to

Pipeline

 

Texas, Gulf Coast, Onshore, Spot Delivered to

Pipeline

 

Louisiana, Gulf Coast, Offshore, Spot Delivered

to Pipeline

 

Louisiana, Gulf Coast, Onshore, Spot Delivered

to Pipeline

 

 

19. ELECTRIC POWER COST ADJUSTMENT PROVISION

 

19.1 General

 

This section of the General Terms and Conditions sets forth the

procedures to reflect in Pine Needle's rates changes in the amounts

payable by Pine Needle for electric power costs used at Pine Needle's

LNG plant.

 

19.2 Conditions

 

(a) The Electric Power Cost rate set forth on Sheet No. 4 of

this tariff may be increased to reflect a net positive

change in Electric Power rates and shall be decreased to

reflect a net negative change in Electric Power rates.

 

(b) Pine Needle shall file with the FERC to reflect net changes

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

May 1, which is the beginning date for the Electric Power

Annual Period.