Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 12/01/2008, Docket: RP99-480-024, Status: Effective

First Revised Sheet No. 121 First Revised Sheet No. 121

Superseding: Original Sheet No. 121

 

STATEMENT OF NEGOTIATED RATES 1/ 2/

 

Customer Name: PSEG Power, LLC

 

Service Agreement: Contract No. 910611

 

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

the Service Commencement Date (as defined in the Precedent Agreement) of Contract No. 910611 and

continues for a period of ten (10) years thereafter. Texas Eastern and Customer agree that

Contract No. 910611 is a ROFR Agreement and will remain a ROFR Agreement following the end of

the Negotiated Rate Term.

 

Rate Schedule: FT-1, TIME II Project

 

MDQ: 50,000 dth/d

 

Reservation Rate: Customer shall pay a negotiated reservation rate of $19.7709 per Dth, per

month ("Negotiated Reservation Rate") of Customer's MDQ under Contract No. 910611 during the

Negotiated Rate Term.

 

Usage Rate: The usage rate to be paid by Customer under Contract No. 910611 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. 910611 under Rate Schedule FT-1. Texas Eastern shall

apply the ASA charge for service under Contract No. 910611 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. 910611 (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. 910611, or from a receipt point(s) within or downstream of the Primary

Incremental Transportation Path. Provided, however, for the period December 1, 2008 through

November 30, 2009, if the applicable ASA charge for service under Contract No. 910611 (as

calculated based upon the Commission approved ASA methodology and/or application of any

Commission approved tracking mechanism) is equal to or greater than 2.6%, then Customer shall

pay Texas Eastern an ASA charge of 2.6% for all gas quantities up to Customer's MDQ transported

other than gas transported from receipt points upstream of the Primary Receipt Point(s)

specified in Contract No. 910611. The fuel caps referenced in this negotiated rate agreement

(i.e., the 2.6% and 3.6%, as applicable) shall apply to any replacement customer pursuant to a

capacity release in accordance with Section 3.14 of the General Terms and Conditions of Texas

Eastern's FERC Gas Tariff other than gas transported from receipt points upstream of the Primary

Receipt Point(s) specified in Contract No. 910611. Further, for transportation service from a

receipt point(s) upstream 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. 910611 (as

calculated based upon the Commission approved ASA methodology and/or application of any

Commission approved tracking mechanism).

 

Primary Receipt Point: M&R 70215, Texas Gas - Lebanon, OH, Warren Co., OH.

 

Primary Delivery Point: (1) M&R 70128, Linden, Union Co., NJ: MDDO= 10,000 dth; (2) M&R 71196,

Bound Brook, Somerset Co., NJ: MDDO= 5,000 dth: (3) M&R 71207, Basking Ridge, NJ (thru 71078)

"Bernards" Somerset Co., NJ: MDDO= 15,000 dth; (4) M&R 71208, Morristown, NJ (thru 71078) Morris

Co., NJ: MDDO= 5,000 dth: (5) M&R 72944, Jamesburg, Middlesex Co., NJ: MDDO= 15,000 dth.

 

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.