February 14, 1997
Xx. Xxxx Xxxxxxx, Xx.
Director
Marketing & Regulatory Affairs
Cove Point LNG Limited Partnership
00 Xxxxxxxxxx Xxxx
Xxxxxxxxxx, Xxxxxxxx 00000-0000
Re: Letter Agreement Concerning FPS-1 Service Agreement
between Cove Point LNG Limited Partnership ("Operator") and
Atlanta Gas Light Company ("Buyer") (the "Service Agreement")
Dear Mr, Hritcko:
Appendix A to the Service Agreement states that Buyer may terminate the Service
Agreement at the end of the first Contract Year (April 15, 1997) by providing
notice to Operator no later than ninety (90) days prior to April 15, 1997
(January 15, 1997).
As you are aware, Buyer is in the process of negotiating a transportation
agreement with a transporter ("Transporter") to transport the quantities
purchased under the Service Agreement for the period from April 15, 1997 through
the remaining term of the Service Agreement. However, Buyer does not believe
that such negotiations can be completed and a transportation agreement executed
by January 15, 1997. In order to give Buyer additional time to reach an
agreement with Transporter that would enable Buyer to continue purchasing gas
under the Service Agreement beyond the first Contract Year, Buyer and Operator
hereby agree to extend the notice date for termination to February 15, 1997.
Accordingly, Paragraph B of Appendix A to the Service Agreement will be deleted
in its entirety as of January 10, 1997 and replaced with the following new
Paragraph B:
"B. Buyer may terminate this Agreement effective as of the end of the first
Contract Year (April 15, 1997) by providing Notice to Operator of Buyer's
election to terminate no later than February 28, 1997."
Page 2
Xx. Xxxx Xxxxxxx, Xx.
January 9,1997
If the terms set forth herein reflect your understanding of our agreement,
please execute two (2) copies of this letter agreement in the space provided
below and return one (1) fully executed copy to the undersigned.
COVE POINT LNG AGL Energy Services, Inc.
LIMITED PARTNERSHIP as agent for ATLANTA GAS LIGHT COMPANY
By: /s/Xxxx Xxxxxxx, Xx. By: /s/Xxxxxxx X. Xxxxx
Title: Director Marketing & Regulatory Title: VP - AGL Energy Services, Inc.
Affairs
Date: 2/26/97 Date: 2/14/97
