Petal Gas Storage, L. L. C.

Original Volume No. 1

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Effective Date: 05/01/2002, Docket: RP02-188-000, Status: Effective

Third Revised Sheet No. 9 Third Revised Sheet No. 9 : Effective

Superseding: Second Revised Sheet No. 9

 

 

FSS RATE SCHEDULE

FIRM STORAGE SERVICE (Continued)

 

 

(c) If more than one timely eligible bid is received, the released

capacity will be allocated as follows:

 

(i) A designated Replacement Customer whose bid is the highest

bid received shall be entitled to the released capacity.

 

(ii) The bidder submitting the highest eligible bid shall be

entitled to the released capacity if there is no

designated Replacement Customer.

 

(iii) If the designated Replacement Customer's bid is not the

highest eligible bid, the designated Replacement Customer

shall be entitled to the released capacity if it matches

or exceeds the highest eligible bid within one (1)

Business Day after notification thereof; otherwise the

bidder who submitted the highest eligible bid shall be

entitled to the released capacity.

 

(iv) Should two or more potential Replacement Customers make

identical winning bids, as determined by Section 4.2 of

the General Terms and Conditions of this Tariff or other

nondiscriminatory methodology provided by Releasing

Customer, capacity will be allocated according to the

nondiscriminatory procedure specified by the Releasing

Customer or, if the Releasing Customer did not specify a

procedure, the capacity will be allocated to the Customer

who submitted the earlier bid.

 

(d) Within one (1) Business Day after capacity has been awarded to a

winning bidder, or storage service commences under a pre-arranged

release not subject to bidding, Petal will post the following

information regarding the released capacity for a period of 30

Business Days.

 

(i) The name of the Replacement Customer.

 

(ii) Whether or not the Replacement Customer is an affiliate

of Petal.

 

(iii) The term of service.

 

(iv) The present value of the winning bid.

 

(v) The volume(s) released.