Cove Point LNG Limited Partnership
Second Revised Volume No. 1
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Effective Date: 06/14/2000, Docket: RP00-389-000, Status: Effective
Original Sheet No. 25 Original Sheet No. 25 : Effective
RATE SCHEDULES FPS-1, FPS-2, FPS-3
10-Day, 5-Day, 3-Day Firm Peaking Service
(Continued)
5. DESCRIPTION OF OPERATIONS (Continued)
(h) Storage Turnover. Each Buyer of peaking service under this Rate Schedule shall,
unless provided a waiver from Operator, withdraw every twenty-four (24) months, in
accordance with the provisions of this Section 5, a minimum quantity of LNG in
storage equal to the lower of Buyer's maximum Liquified Gas Balance during the
twenty-four month period or Buyer's MCPQ. The first such twenty-four (24) month
period shall commence on April 16 of the first Injection Season following
commencement of service under this Rate Schedule. If Buyer has not withdrawn all
quantities of LNG in storage at the end of the Withdrawal Season, then Operator shall
retain as Retainage a quantity of LNG equal to Buyer's Liquefied Gas Balance on April
16 multiplied by the applicable Retainage percentage.
(i) Elected FTS Service. Buyers that receive service under an Elected FTS Service shall
not schedule or deliver daily quantities of Natural Gas for transportation under such
Elected FTS Service in excess of Buyer's MDPQ nor shall the total daily combined
quantity of Natural Gas nominated and delivered to or for the account of Buyer under
this Rate Schedule (exclusive of Authorized Excess Withdrawal Quantities) and such
Elected FTS Service exceed Buyer's MDPQ.
6. POSSESSION OF NATURAL GAS AND LNG
Operator shall be deemed to be in control of and have responsibility for the Natural Gas to
be stored as LNG by Operator after the receipt thereof by Operator from Buyer or others at
Buyer's direction, and prior to the delivery of such Natural Gas to Buyer. Operator shall
be deemed to have no responsibility with respect to such Natural Gas or LNG prior to
Operator's receipt thereof, or after Operator's delivery of Natural Gas or regasified LNG
thereof, to or for Buyer's account.