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Simple English definitions for legal terms

liquefied natural gas rates

Read a random definition: equitable subrogation

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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