Golden Pass Pipeline LLC Proposes Revised Retainage Rate Structure

Strategic Insights -

Golden Pass Pipeline LLC has filed a proposal with the Federal Energy Regulatory Commission (FERC) to revise its retainage rate structure, aiming to prevent an excessive under-recovery of retainage. The proposed change involves increasing the retainage rate for services requiring compression to 1.00%, consisting of a 0.80% Fuel component and a 0.20% Lost and Unaccounted for Gas component. The increase is projected to begin on September 1, 2025, coinciding with the anticipated completion of the MP 33 Compressor Station construction.

Key Takeaways:

  • Golden Pass Pipeline LLC has submitted a proposal to FERC to revise its retainage rate structure, effective September 1, 2025.
  • The proposed change involves increasing the retainage rate for services requiring compression to 1.00%, consisting of a 0.80% Fuel component and a 0.20% Lost and Unaccounted for Gas component.
  • The projected increase in retainage is expected to begin on September 1, 2025, following the anticipated completion of the MP 33 Compressor Station construction.
  • GPPL has provided supporting workpapers, attached as Appendix A, to reflect the computation of projected Fuel and Lost and Unaccounted For Gas by month for the period ending March 31, 2026.
  • The proposed tariff record is submitted in electronic format, as required by the Commission's regulations, and includes a transmittal letter, clean copy of the proposed tariff records, and supporting documentation.
  • GPPL has requested waivers of the Commission's regulations necessary to accept the tariff records to be effective September 1, 2025.
  • GPPL has also requested that the Commission accept this filing on or before August 22, 2025, to inform shippers of the revised retainage rate at least one week in advance.

Statistics:

  • The proposed 1.00% retainage rate consists of a 0.80% Fuel component and a 0.20% Lost and Unaccounted for Gas component.
  • The projected increase in retainage is expected to begin on September 1, 2025.
  • The MP 33 Compressor Station is anticipated to be completed on or about September 1, 2025.
  • GPPL projects an increase in retainage beginning in September 2025 with the commencement of service of the MP 33 Compressor Station and the resulting Fuel consumption.
  • The supporting workpapers provided as Appendix A reflect the computation of projected Fuel and Lost and Unaccounted For Gas by month for the period ending March 31, 2026.

Sources:

  • Federal Energy Regulatory Commission 888 First Street, N.E. Washington, D.C. 20426 Re: Golden Pass Pipeline LLC, Docket No. RP25-___-000 Out-of-Cycle Retainage Filing
  • Golden Pass Pipeline LLC, 181 FERC P 61,050 (2022)
  • Golden Pass Products LLC and Golden Pass Pipeline LLC, 157 FERC P 61,222 (2016)