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Simple English definitions for legal terms

liquefied natural gas rates

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A quick definition of liquefied natural gas rates:

Liquefied natural gas rates refer to the fees charged for transporting natural gas that has been converted into a liquid form. These rates are regulated by a government agency called the Federal Energy Regulatory Commission (FERC). The FERC makes sure that the rates are fair and that they don't harm existing customers. This means that the costs of the service are assigned properly and that new customers pay for the service they receive without subsidies from existing customers.

A more thorough explanation:

Definition: Liquefied natural gas (LNG) rates refer to the fees charged for transporting LNG from one place to another. These rates are regulated by the Federal Energy Regulatory Commission (FERC) and must comply with the requirements of the Natural Gas Act (NGA).

The NGA imposes certain requirements on FERC-approved projects to ensure that they do not harm existing customers. For example, the rates should not result in:

  • Subsidization of expansion capacity by existing customers
  • Degradation of service to existing customers
  • Undue discrimination against existing customers as to their terms or conditions of service at the facility

When reviewing rate design, it is important to ensure that costs are properly assigned and that each shipper pays for the service they receive. This helps to ensure that the project can proceed without subsidies from the pipeline's existing customers.

Example: Imagine that a company wants to transport LNG from a production facility to a port for export. The company would need to pay a fee to the pipeline operator for using their infrastructure to transport the LNG. The rate charged by the pipeline operator would need to comply with the requirements of the NGA to ensure that existing customers are not harmed by the project.

Example: Another example of LNG rates is when a company wants to import LNG from another country. The company would need to pay a fee to the terminal operator for using their facilities to receive the LNG. The rate charged by the terminal operator would need to comply with the requirements of the NGA to ensure that existing customers are not harmed by the project.

These examples illustrate how LNG rates are regulated by the FERC and must comply with the requirements of the NGA to ensure that existing customers are not harmed by new projects.

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@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
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