PetroLogistics Natural Gas Storage LLC

Original Volume No. 1

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Effective Date: 06/03/2009, Docket: RP09-577-000, Status: Effective

Original Sheet No. 21 Original Sheet No. 21

 

RATE SCHEDULE IPS

INTERRUPTIBLE PARKING SERVICE

1. AVAILABILITY

This Rate Schedule is available to any Shipper for the purchase of interruptible parking service (“IPS”)

from PetroLogistics, provided that:

(a) PetroLogistics has determined that it has sufficient operationally available storage capacity,

injection or withdrawal capacity to perform service requested by Shipper;

(b) PetroLogistics has determined that service requested by Shipper will not interfere with efficient

operation of its system or with higher priority services;

(c) Shipper and PetroLogistics have executed a Hub Services Agreement under this Rate Schedule;

(d) Shipper accepts responsibility for arranging any transportation service required for utilization

of the parking service provided under this Rate Schedule; and

(e) Service under this Rate Schedule may not be available to the extent that PetroLogistics would be

required to construct, modify, expand or acquire any facilities to enable PetroLogistics to perform the

requested services.

2. APPLICABILITY AND CHARACTER OF SERVICE

2.1 This Rate Schedule shall apply to all IPS service rendered by PetroLogistics to Shipper at

PetroLogistics' facilities located in Iberville Parish, Louisiana pursuant to an executed Hub Services

Agreement.

(a) IPS service rendered by PetroLogistics to Shipper under this Rate Schedule shall consist of the

injection, storage, and withdrawal and delivery of Shipper's gas, on an interruptible basis, by

PetroLogistics. Service under this Rate Schedule includes:

(i) The daily injection of Shipper's gas per Shipper's nomination up to the Maximum Daily Injection

Quantity ("MDIQ") stated in Exhibit B of the Hub Services Agreement with Shipper, provided that all higher

priority service nominations for injection have been satisfied, that Shipper's Park Quantity is less

than the Maximum Park quantity set forth in Exhibit B of the Hub Services Agreement, and Shipper delivers

the nominated quantity plus fuel reimbursement to the Point(s) of Receipt located on PetroLogistics'

system, provided Shipper's Park Balance has not exceeded Shipper's Maximum Park Quantity;

(ii) The storage of gas in amounts up to Shipper's Maximum Park Quantity provided that all high

priority service storage needs have been satisfied; and

(iii) The daily withdrawal and delivery of Shipper's gas per Shipper's nomination to the Point(s) of

Delivery located on PetroLogistics' system up to Shipper's Maximum Daily Withdrawal Quantity ("MDWQ")

stated in Exhibit B of the Hub Services Agreement with Shipper, provided that all high priority service

nominations for withdrawal have been satisfied, and that Shipper has sufficient gas stored in Shipper's

Park Balance.

2.2 To the extent storage capacity which is being utilized by an interruptible Shipper hereunder is

needed by PetroLogistics in order to satisfy PetroLogistics' obligations to higher priority services,

PetroLogistics shall require Shipper to withdraw all, or any portion of, the IPS gas quantities held

in storage by PetroLogistics for the account of Shipper as specified by PetroLogistics. Unless

PetroLogistics otherwise agrees, Shipper shall be required to make ratable withdrawals. If Shipper fails

to withdraw such IPS Park Balance, then PetroLogistics may take, free and clear of