PetroLogistics Natural Gas Storage LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Original Sheet No. 109 Original Sheet No. 109

 

cover the value of one Month's worth of applicable transportation charges for the requested MSQ

at the maximum applicable unit rate for Shipper's service at 100% load factor); or (b) within thirty

(30) days of such notice, Shipper has not provided an alternative form of security as specified in

Section 2.3(c) of these General Terms and Conditions, PetroLogistics may, upon notice to Shipper,

suspend service immediately. PetroLogistics may simultaneously serve Shipper a notice of termination

of the Service Agreement, such termination to be effective thirty (30) days from the date of such

notice unless prior to such date PetroLogistics has received the necessary assurance or alternative

form of security as required hereunder. PetroLogistics may also exercise any other remedy available

to PetroLogistics hereunder, at law or in equity.

(2) Any suspension of service pursuant to this Section 2.3(d) shall continue until PetroLogistics

terminates the Service Agreement or until Shipper achieves the minimum acceptable credit standard

or has provided an alternative form of security as required pursuant to these General Terms and

Conditions. Shipper shall not be required to pay reservation charges during such suspension. At

any time during such suspension, Shipper may request PetroLogistics determine that Shipper has

achieved the minimum acceptable credit standard as specified in Section 2.3(b)(1) of these General

Terms and Conditions.

(3) Upon issuing any notice to Shipper of suspension of service or termination of a Service Agreement

pursuant to Section 2.3(d) of these General Terms and Conditions, PetroLogistics shall simultaneously

notify the Commission of such suspension or termination.

(4) Shipper may not recall any capacity if PetroLogistics has given notice of suspension or

termination as provided for in Section 2.3(d) of these General Terms and Conditions unless and until

PetroLogistics determines that Shipper satisfies the creditworthiness criteria set forth in these

General Terms and Conditions.

(5) PetroLogistics may terminate a release of capacity to a Replacement Shipper if the Releasing

Shipper's Service Agreement is terminated, provided that the Replacement Shipper may continue receiving

such service if it agrees to pay, for the remaining term of the Replacement Shipper's contract, the lesser

of (a) the Releasing Shipper's contract rate; (b) the maximum tariff rate applicable to Shipper's capacity;

or (c) some other rate acceptable to PetroLogistics.

2.4 Additional Information.

(a) Shipper shall also promptly provide such additional Shipper credit information as may be reasonably

required by PetroLogistics, at any time during the term of service under a Service Agreement, to determine

Shipper's creditworthiness.

(b) After receipt of a request for service, PetroLogistics may require that Shipper furnish additional

information as a prerequisite to PetroLogistics offering to execute a Service Agreement with Shipper.

Such information may include proof of Shipper's lawful right and/or title to cause the gas to be

delivered to PetroLogistics for service under this FERC Gas Tariff and of Shipper's contractual or physical

ability to cause such gas to be delivered to and received from PetroLogistics.

(c) Should Shipper desire PetroLogistics to provide service pursuant to Section 311 of the Natural

Gas Policy Act of 1978, Shipper shall provide to PetroLogistics a statement warranting that Shipper

complies with all requirements for receiving service pursuant to