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. 127 Original Sheet No. 127

 

(a) Releases hereunder shall be for period(s) of one or more Day(s) and the maximum term shall not

extend beyond the expiration of this FERC Gas Tariff provision or beyond the expiration of the

Releasing Shipper's Service Agreement.

(b) PetroLogistics may invalidate any offer to release or any bid subsequent to its posting on the

Internet Web Site which does not conform to the requirements of this Section and the other provisions

of this FERC Gas Tariff and such invalidated offer or bid shall be deemed null and void.

(c) Any terms and conditions imposed on the offer to release by the Releasing Shipper as provided for

in this Section must be objectively stated, reasonable, capable of administration or implementation by

PetroLogistics without any material increase in burden or expense, applicable to all potential bidders,

not unduly discriminatory, and consistent with the terms and conditions of this FERC Gas Tariff and

Releasing Shipper's Service Agreement.

(d) A Releasing Shipper may re-release to the same Replacement Shipper for a term of 31 days or less

if: (i) a period of 28 days has elapsed after the first release for 31 days or less has expired; (ii)

the Point(s) of Receipt and/or Point(s) of Delivery for the re-release is different from the Point(s)

of Receipt and/or Point(s) of Delivery of the first release; or (iii) the Releasing Shipper causes the

posting of an offer to release capacity or of a pre-arranged transaction to be made, and capacity is

allocated on the basis of bids submitted.

(e) Recall Provisions. If the Releasing Shipper retains recall rights, Releasing Shipper's offer to

release capacity shall clearly specify the conditions precedent to such recall and whether the recall

right retained by Releasing Shipper is on a full day or partial day basis.

The Releasing Shipper shall provide capacity recall notification to PetroLogistics via the facsimile,

e-mail, or other agreed-upon method. The recall notification shall specify the recall notification

period for the specified effective Day, as well as any other information needed to uniquely identify the

capacity being recalled. Recalled capacity notices shall indicate whether penalties will apply for the

gas day for which quantities are reduced due to capacity recall.

PetroLogistics shall support the following recall notification periods for all released capacity subject

to recall rights:

(1) Timely Recall Notification:

(A) A Releasing Shipper recalling capacity should provide notice of such recall to PetroLogistics and

the first Replacement Shipper no later than 8:00 A.M. CT on the day that Timely Nominations are due;

(B) PetroLogistics shall provide notification of such recall to all affected Replacement Shippers no

later than 9:00 A.M. CT on the day that Timely Nominations are due;

(2) Early Evening Recall Notification:

(A) A Releasing Shipper recalling capacity should provide notice of such recall to PetroLogistics

and the first Replacement Shipper no later than 3:00 P.M. CT on the day that Evening Nominations are due;

(B) PetroLogistics shall provide notification of such recall to all affected Replacement Shippers no

later than 4:00 P.M. CT on the day that Evening Nominations are due;