Use tax is distributed to various accounts based on the accounts charged for the originating invoice

Federal and state income tax distribution related to prior years

PINE NEEDLE TARIFF SECTION 18.5 CP96-52-003

PINE NEEDLE TARIFF SECTION 19.5 CP96-52-003

PINE NEEDLE LNG COMPANY FERC DOCKET NO. RP23-675. Additionally, the phase out of the North Carolina corporate income tax rate is included, which will be subject to future discussions and negotiation with our customers in our next rate case.

Storage Flex – Withdrawals

FOOTNOTE TO INSTRUCTION 5:

PINE NEEDLE DOES NOT BUNDLE SALES AND TRANSPORTATION SERVICES.

FOOTNOTE TO INSTRUCTION 7:

ALL QUANTITIES OF GAS WERE SUBJECT TO COMMISSION REGULATION.

FOOTNOTE TO INSTRUCTION 10:

THERE ARE NO VOLUMES OF PIPELINE PRODUCTION FIELD SALES INCLUDED IN THE TOTAL SALES OR THE TOTAL TRANSPORTATION VOLUMES.

Storage Flex – Injections

BASIS FOR VALUATION OF ALL GAS:

GAS IS VALUED AT THE PINE NEEDLE SPOT PRICE WHICH IS THE “SOUTHEAST DELIVERED TO PIPELINE” PRICE AS PUBLISHED IN THE NATURAL GAS WEEK.

BASIS FOR VALUATION OF ALL GAS:

GAS IS VALUED AT THE PINE NEEDLE SPOT PRICE WHICH IS THE “SOUTHEAST DELIVERED TO PIPELINE” PRICE AS PUBLISHED IN THE NATURAL GAS WEEK.

BASIS FOR VALUATION OF ALL GAS:

GAS IS VALUED AT THE PINE NEEDLE SPOT PRICE WHICH IS THE “SOUTHEAST DELIVERED TO PIPELINE” PRICE AS PUBLISHED IN THE NATURAL GAS WEEK.