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. 141 Original Sheet No. 141

 

interruptible capacity in its Facility. The Web Site will note whether the capacity is available from

PetroLogistics directly or through PetroLogistics' capacity release mechanism as set forth in Section 8 of

the General Terms and Conditions. The Web Site shall provide information about imbalances on a daily basis.

The Web Site also include information allowed or required to be posted thereon by other provisions of the

tariff including Section 8, information which PetroLogistics is required to post pursuant to Section 284.13

of the Commission's Regulations, or other information PetroLogistics chooses to post in furtherance of the

operation of its system.

26.6 Critical system-wide notices will be in a separate category from notices that are not

critical. PetroLogistics will use e-mail in order to facilitate certain notifications to Shippers as

required by this FERC Gas Tariff; Shipper shall provide PetroLogistics with at least one e-mail address to

which these notifications can be sent and shall be responsible for updating such information as necessary.

26.7 PetroLogistics shall not be liable to the Web Site user nor any other party for damages for any

act, omission or circumstance related to the Web Site occasioned by or in consequence of any acts of God,

strikes, lockouts, act of the public enemy, wars, blockades, insurrections, fires, storms, floods, washouts,

power outages, arrests and restraints of rulers and people, civil disturbances, explosions, breakage or

accident to machinery or computers, failure of malfunction of electronic communication or transmission,

the binding order of any court or governmental authority which has been resisted in good faith by all

reasonable legal means, and any other cause, whether of the kind herein enumerated, or otherwise, not

within the control of PetroLogistics and which by exercise of due diligence PetroLogistics is unable to

prevent or overcome. To the extent the information displayed on the Web Site is originated solely by

PetroLogistics and such information is subsequently determined inaccurate, the Web Site user shall not be

subject to any penalties otherwise collectable by PetroLogistics based on Shipper conduct attributable to

such inaccuracy during the period the inaccurate information was displayed on the Web Site.

26.9 PetroLogistics warrants that, without the express consent of the Web Site user or

as provided for in Section 8 of the General Terms and Conditions, no PetroLogistics employee or agent

will disclose to any third party any information regarding research performed through the Web Site by

the Web Site user.

27. DISPOSITION OF RETAINED QUANTITIES

27.1 In the event that PetroLogistics holds an auction for gas quantities retained pursuant to

Section 8 of Rate Schedule FSS, Section 8 of Rate Schedule ISS, Section 8 of Rate Schedule IPS or Section

8 of Rate Schedule IBS, PetroLogistics shall post such quantities on the Web Site on the fifth (5th)

Business Day following the fifteenth (15th) of the Month. PetroLogistics shall accept bids only during

the time period from 7:00 A.M. until 11:00 A.M. CT on the seventh (7th) Business Day following date of

the posting. PetroLogistics shall sell the quantities to Shipper submitting the highest bid, and shall

notify such Shipper prior to 4:00 P.M. CT of the same day on which PetroLogistics accepts the bids;

provided, however, PetroLogistics reserves the right to reject all bids. When the gas is purchased at

auction, Shipper must provide identification of the existing storage Service Agreement with

PetroLogistics under which Shipper shall store the gas in PetroLogistics' Facilities.

27.2 PetroLogistics shall credit the net proceeds received from such an auction to all Shippers

that did not have gas sold during the subject auction ("Qualifying Shipper") based on the ratio of the

total charges paid by each Qualifying Shipper for service to the total amount of such charges paid by all

Qualifying Shippers during the Month in which the auction of the gas occurred. For the purposes of this

Section, the term "net proceeds" shall mean the total proceeds received from the auction less the

accumulated charges pursuant to the applicable Rate Schedule for the agreement held by Shipper winning

the bid.

Such credits shall be calculated for each Month of the twelve (12) Month period ending July 31

of each year and will be included on the Qualifying Shippers' invoice for the Month following the date

of the final Commission order approving PetroLogistics' penalty disbursement report; provided, however,

that PetroLogistics will calculate and include such credits on Qualifying Shippers' invoices for a period

shorter than twelve months in the event and to the extent that the total accumulated amount of penalty

revenue collected pursuant to this Section 27 by PetroLogistics as of the end of any Month exceeds

$1,000,000. PetroLogistics will file a penalty disbursement report within sixty (60) Days of July 31 or

sixty (60) Days after the end of the Month in which the revenue collected exceeds $1,000,000. Any

penalty revenue