Petal Gas Storage, L. L. C.
Original Volume No. 1
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Effective Date: 02/20/2009, Docket: RP09-225-000, Status: Effective
Second Revised Sheet No. 11A Second Revised Sheet No. 11A
Superseding: First Revised Sheet No. 11A
FSS RATE SCHEDULE (Continued)
4.9 Releases Not Subject to Bidding.
(a) Thirty-one Days or Less. A Releasing Customer may release its
firm capacity to a Designated Replacement Customer for a term
of 31 days or less without prior posting or bidding for the
released capacity. The Releasing Customer and its Designated
Replacement Customer shall notify Petal of the terms of the
prearranged release, and Designated Replacement Customer may
nominate for next day gas flow upon receipt by Petal of
notification of such release. Petal will tender a contract
with a contract number within one hour of receipt by Petal of
notification of the release. Petal will post on its Internet
website an announcement of the release. The Designated
Replacement Customer must comply with the creditworthiness
requirements of this FERC Gas Tariff. Once the term of the
release hereunder has expired, the Releasing Customer cannot
rollover or extend the release period, or re-release its
capacity to the same Replacement Customer under this provision
until twenty-eight (28) days or more have elapsed since the
termination of the prior release, unless the Designated
Replacement Customer is an asset manager as defined in 18
C.F.R. Section 284.8(h)(3) or a marketer participating in a
state-regulated retail access program as defined in 18 C.F.R.
Section 284.8(h)(4). However, the Releasing Customer may
release the capacity to the same Replacement Customer under the
notification and bidding provisions in Sections 4.3, 4.4, and
4.5.
(b) Maximum Rate. A Releasing Customer may release its firm
capacity to a Designated Replacement Customer for the maximum
rate without prior posting or bidding for the released capacity
if the release term is greater than 1 year, or, if the release
term is 1 year or less and the release will take effect 1 year
or more after the date the Releasing Customer notifies Petal of
the release. The Releasing Customer and its Designated
Replacement Customer shall notify Petal of the terms of the
prearranged release, and Designated Replacement Customer may
nominate for next day gas flow upon receipt by Petal of
notification of such release. Petal will tender a contract with
a contract number within one hour of receipt by Petal of
notification of the release. Petal will post on its Internet
website an announcement of the release. The Designated
Replacement Customer must comply with the creditworthiness
requirements of the FERC Gas Tariff.
(c) Asset Managers and Retail Access Programs. A Releasing Customer
may release its firm capacity without prior posting or bidding
to a Designated Replacement Customer that is an asset manager as
defined in 18 C.F.R. Section 284.8(h)(3) or a marketer
participating in a state-regulated retail access program as
defined in 18 C.F.R. Section 284.8(h)(4). The Releasing
Customer and its Designated Replacement Customer shall notify
Petal of the terms of the prearranged release, and Designated
Replacement Customer may nominate for next day gas flow upon
receipt by Petal of notification of such release. Petal will
tender a contract with a contract number within one hour of
receipt by Petal of notification of the release. Petal will
post on its Internet website an announcement of the release.
The Designated Replacement Customer must comply with the
creditworthiness requirements of the FERC Gas Tariff.
4.10 Agreement For Multiple Capacity Release Transactions. In lieu of
execution of individual Agreement(s), Petal and Replacement Customer may
execute a Master Service Agreement For Capacity Release Transactions to
cover multiple capacity release transactions.