Negotiated Rate Letter Agreement
Exhibit 10.2
Columbia Gulf Transmission, LLC
700 Louisiana Street, Suite 1300
Houston, Texas 77002
February 16, 2022
Roanoke Gas Company
519 Kimball Avenue, N. E.
Roanoke, VA 24016
Attention: Paul Schneider
Email: ***@***
RE: FTS Service Agreement No. 262643 - FTS-1
Negotiated Rate Letter Agreement
Dear Mr. Schneider:
This Negotiated Rate Letter Agreement (“NRL”) between Columbia Gulf Transmission, LLC (“Transporter” or “CGT”) and Roanoke Gas Company (“Shipper”) shall set forth the applicable rates and other rate provisions associated with the transportation service provided by Transporter to Shipper pursuant to the above-referenced Service Agreement. Transporter and Shipper may be referred to individually as a “Party” or collectively as the “Parties”.
Shipper and Transporter hereby agree:
1. | The “Negotiated Reservation Rates” during the Initial Term for the transportation service provided shall be those rates and terms agreed upon as set forth in the ATTACHMENT B-1 attached hereto. |
2. | In addition to payment of the reservation rate as set forth in Paragraph 1, Shipper must pay reservation surcharges, commodity charges, commodity surcharges, overrun charges and retainage charges set forth in Transporter's FERC Gas Tariff as they may change from time to time. |
3. | Required Approvals. This NRL, together with the Agreement, will be filed with the FERC and shall be subject to FERC's acceptance on terms acceptable to Transporter in its sole discretion. If any terms of this NRL are disallowed by any order, rulemaking, regulation or policy of the FERC, Transporter may terminate this NRL with no further notice to Shipper. If any terms of the Agreement are in any way modified by order, rulemaking, regulation or policy of the FERC, Transporter and Shipper may mutually agree to modify this NRL with the goal of ensuring that the original commercial intent of the parties is preserved. If the parties cannot mutually agree to modifications hereto, Transporter reserves the right to terminate this NRL with no further notice to Shipper. Transporter will have no liability for any costs incurred by Shipper or related to the service rendered or contemplated to be rendered hereunder. |
Accepted and agreed to this 7th day of March, 2022.
Roanoke Gas Company
By: /s/ Paul W. Nester
Title: President and CEO
Date: 7 March 2022
Columbia Gulf Transmission, LLC
By: /s/ John Richardson
Title: Director, Commercial East
Date: March 8, 2022
ATTACHMENT B-1
NEGOTIATED RESERVATION RATES
Primary Receipt Point(s)* |
Primary Delivery Point(s)* |
Transportation Demand (Dth/day) |
Term | Fixed Monthly Demand Rate |
Rate Schedule |
2700010 (CGT-RAYNE)
| 801 (Gulf Leach)
| 17,349 Dth/day
| 4/01/2022 - 3/31/2027
| $5.049/Dth
| FTS-1 |
* Service from any other secondary receipt points to any other secondary delivery points will be charged the maximum reservation rate set forth in Transporter’s FERC Gas Tariff as amended from time to time.