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

(Continued)

 

 

 

4. RATE

 

(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

Rate Schedule.

 

(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.