Distrigas of Massachusetts Corporation

First Revised Volume No. 1

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Effective Date: 09/01/1995, Docket: RP95-400-002, Status: Effective

Substitute First Revised Sheet No. 92 Substitute First Revised Sheet No. 92 : Superseded

Superseding: FIRST REVISED SHEET NO. 92

 

SERVICE AGREEMENT FOR

FIRM VAPOR SERVICE

(continued)

ARTICLE V

PRICE

 

5.1 Buyer shall make a non-refundable payment to Seller

of $ _____ ("Call Payment"), for firm vapor service

for the quantity of LNG set forth in Article I

hereunder. The Call Payment pursuant to this

Section 5.1 shall be made to Seller in the following

manner: As to the sales hereunder for resale in

interstate commerce, the Call Payment negotiated

between Buyer and Seller will not exceed the Call

Payment Cap prescribed in Section 3.1 of Seller's

Rate Schedule FVSS. To the extent that a Call

Payment may exceed the applicable Call Payment Cap,

Seller will refund such excess with interest, if

any, calculated pursuant to Section

154.67(c)(2)(iii) of the Commission's Regulations,

18 C.F.R. Section 154.67(c)(2)(iii). The Call Payment

Cap under this Section applies to the price of LNG

calculated at the tailgate of Seller's Everett

terminal and does not include any reservation or

other charges for transportation incurred by Seller

in making deliveries for or on behalf of Buyer under

this Agreement.

 

5.2 For each MMBtu delivered to Buyer, Buyer will pay

Seller a Commodity Rate of $_____ per MmBtu of LNG

delivered in vapor form. As to sales for resale in

interstate commerce, the Commodity Rate over the

term of this Agreement will not exceed the average

over such term of the Firm Commodity Cap prescribed

in Section 3.2 of Seller's Rate Schedule FVSS. The

Commodity Cap under this Section applies to the

price of LNG calculated at the tailgate of Seller's

Everett terminal and does not include any

transportation or other charges incurred by Seller

in making deliveries for or on behalf of Buyer under

this Agreement. For purposes of determining the

Firm Commodity Cap under this Section 5.2, the Gas

Price Index utilized shall be____________________.

 

5.3 The rates set forth in Section 5.2 shall include the

applicable GRI Surcharge established by the

Commission and in effect from time to time.