Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 12/31/9999, Docket: RP99-480-022, Status: Accepted

Original Sheet No. 120 Original Sheet No. 120

 

STATEMENT OF NEGOTIATED RATES 1/ 2/

 

Customer Name: New Jersey Natural Gas Company

 

Service Agreement: Contract No. 910610

 

Term of Negotiated Rate: 3/ The term of this negotiated rate ("Negotiated Rate Term") commences

on the Service Commencement Date (as defined in the Precedent Agreement) of Contract No. 910610

and continues for a period of fifteen (15) years thereafter, and in the event Customer exercises

its one-time option to extend the Primary Term of Contract No. 910610 for a period of five (5)

years as provided for therein, then the Negotiated Rate Term shall also be extended for such

five (5) year period ("Extended Negotiated Rate Term").

 

Rate Schedule: FT-1, TIME II Project

 

MDQ: 100,000 dth/d

 

Reservation Rate: Customer shall pay a negotiated reservation rate of $19.1687 per Dth, per

month ("Negotiated Reservation Rate") of Customer's MDQ under Contract No. 910610 during the

Negotiated Rate Term, and in the event Customer exercises its one-time option to extend the

Primary Term of Contract No. 910610 for a period of five (5) years as provided for therein, then

Customer shall continue to pay the Negotiated Reservation Rate for the Extended Negotiated Rate

Term.

 

Usage Rate: The usage rate to be paid by Customer under Contract No. 910610 during the

Negotiated Rate Term shall be zero. Customer shall also pay the applicable Annual Charge

Adjustment ("ACA"), Applicable Shrinkage Adjustment ("ASA") charges and other charges/surcharges

applicable to Customer's Contract No. 910610 under Rate Schedule FT-1. Texas Eastern shall

apply the ASA charge for service under Contract No. 910610 as such charge may change from time

to time in accordance with the Commission approved mechanism (if any) for tracking such amounts,

and Customer shall pay Texas Eastern for all such ASA charges. Notwithstanding the foregoing,

if the applicable ASA charge for service under Contract No. 910610 (as calculated based upon the

Commission approved ASA methodology and/or application of any Commission approved tracking

mechanism) is equal to or greater than 3.6%, then Customer shall pay Texas Eastern an ASA charge

of 3.6% for all gas quantities up to Customer's MDQ transported from the Primary Receipt

Point(s) to the Primary Delivery Point(s) ("Primary Incremental Transportation Path") specified

in Contract No. 910610, or from a receipt point(s) to a delivery point(s) within the Primary

Incremental Transportation Path. Further, for transportation service from a receipt point(s) or

to a delivery point(s) outside of the Primary Incremental Transportation Path and/or for

quantities above Customer's MDQ, Customer shall pay Texas Eastern, for all gas quantities

transported, an ASA charge which is equal to the applicable ASA charge for service under

Contract No. 910610 (as calculated based upon the Commission approved ASA methodology and/or

application of any Commission approved tracking mechanism).

 

Primary Receipt Points: (1)M&R 70215, Texas Gas - Lebanon, OH, Warren Co. ,OH: MDRO= 30,000dth;

(2)M&R 79941, ANR/TETCO (Lebanon Lateral-ANR Capacity, Warren Co. ,OH: MDRO= 35,000dth; (3)M&R

79951, TETCO Lebanon Lateral Takeaway Point-Mainline, Warren Co. OH.: MDRO= 35,000dth.

 

Primary Delivery Point: Head of Freehold Lateral - Mainline, M&R 79037.

 

Recourse Rate(s): The Recourse Rate(s) applicable to this service is the maximum rate(s) stated

in Texas Eastern's currently effective FERC Gas Tariff for Rate Schedule FT-1, TIME II Project.

 

FOOTNOTES:

 

1/This negotiated rate transaction deviates in a material respect from the applicable form of

service agreement set forth in Texas Eastern's FERC Gas Tariff.

 

2/The negotiated rate is applicable for receipts and deliveries at any receipt and delivery

point on Pipeline's system within each applicable zone.

 

3/Texas Eastern and Customer agree that Contract No. 910610 is a ROFR Agreement and will remain

a ROFR Agreement following the end of the Negotiated Rate Term, or in the event Customer

exercises its one-time option to extend the Primary Term of Contract No. 910610 for a period

of five (5) years as provided for therein, then at the end of the Extended Negotiated Rate

Term.