Cove Point LNG Limited Partnership
Second Revised Volume No. 1
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Effective Date: 06/14/2000, Docket: RP00-437-000, Status: Effective
First Revised Sheet No. 22 First Revised Sheet No. 22 : Effective
Superseding: Original Sheet No. 22
RATE SCHEDULES FPS-1, FPS-2, FPS-3
10-Day, 5-Day, 3-Day Firm Peaking Service
(a) All charges for firm peaking service shall be set forth in the Currently Effective
Rate Sheet of this Tariff.
(b) For all firm peaking service rendered under this Rate Schedule, Buyer shall pay
Operator each month the charges set forth below:
(1) Reservation Charge: The Maximum Reservation Charge for the current month.
The Monthly Reservation Charge shall be assessed on each Dth of MDPQ
specified in the Buyer's Service Agreement. If Buyer is a transportation
customer under the Elected FTS Service set forth in Section 3(d) above, the
monthly charges set forth in Buyer's Service Agreement shall be credited with
an amount equal to Buyer's Reservation Charge set forth under Rate Schedule
FTS as such charge may be adjusted from time to time by Operator pursuant to
the Commission's Regulations. Pursuant to 18 C.F.R. Section 284.8(i) of the
Commission's regulations, until September 30, 2002, the maximum rate ceiling
does not apply to capacity release transactions of less than one year. The
rate paid in any capacity release transaction not subject to the maximum rate
ceiling will not be subject to refund.
(2) Commodity Charge: The maximum Commodity Charge per Dth of Natural Gas
delivered during the prior month to or for the account of Buyer under this
(3) Retainage: In addition to the charges set forth in Paragraph (a) above,
Operator shall retain quantities-in-kind of Natural Gas as compensation for
fuel used in plant operations (including fuel for liquefaction) and lost and
unaccounted for quantities, such quantities being referred to herein as
"Retainage." The Retainage quantities-in-kind, expressed as a percentage of
Natural Gas or LNG receipts shall be those specified in the Currently
Effective Rate Sheet of this Tariff as subsequently adjusted in accordance
with the General Terms and Conditions of this Tariff. In no event shall the
total Retainage during a Contract Year exceed twenty and one half percent
(20.5%) of Buyer's MCPQ. Operator shall adjust the Retainage percentage as
described in the General Terms and Conditions.
(4) Surcharges: The surcharges applicable to this Rate Schedule.
(5) Regulator Fees: Buyer shall pay Operator in advance all fees required by the
Commission or any regulatory body having jurisdiction related to this Service
provided to Buyer under this Rate Schedule including, but not limited to,
filing, reporting and application fees.