Petal Gas Storage, L. L. C.
Original Volume No. 1
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Effective Date: 11/01/2010, Docket: RP10-1219-000, Status: Effective
First Revised Sheet No. 19 First Revised Sheet No. 19
Superseding: Original Sheet No. 19
FSS-1 RATE SCHEDULE
FIRM STORAGE SERVICE (Continued)
according to Section 4.2 of the General Terms and Conditions of this
Tariff.
(i) Any other conditions upon the release of the capacity. Such
conditions must be reasonable and nondiscriminatory.
(j) The identity of a Designated Replacement Customer, the terms and
conditions of the agreement under which that Customer was
designated, and the rates and charges the Designated Replacement
Customer has agreed to pay.
(k) Sufficient information about the Designated Replacement Customer
to enable Petal to determine whether such Customer meets the
creditworthiness criteria set forth in Section 3 of the General
Terms and Conditions of Petal's Tariff.
(l) Such other pertinent information as Petal may request.
4.4 Release Capacity Timeline.
(a) For releases, NAESB Standard 5.3.1 (Version 1.9) states: The
capacity release timeline applies to all parties involved in the
capacity release process provided that: 1) all information
provided by the parties to the transaction is valid and the
Replacement Customer has been determined to be creditworthy
before the capacity release bid is tendered, 2) for index-based
capacity release transactions, the Releasing Customer has
provided Petal with sufficient instructions to evaluate the
corresponding bid(s) according to the timeline, and 3) there are
no special terms or conditions of the release. Further, Petal
may complete the capacity release process on a different
timeline if the offer includes unfamiliar or unclear terms and
conditions (e.g. designation of an index not supported by
Petal).
(b) For releases, NAESB Standard 5.3.2 (Version 1.9) provides the
following Bidding Periods:
For biddable releases (1 year or less):
-- offers should be tendered by 12 p.m. on a Business Day;
-- open season ends no later than 1 p.m. on a Business Day
(evaluation period begins at 1 p.m. during which
contingency is eliminated, determination of best bid is
made, and ties are broken);
-- evaluation period ends and award posting if no match required
at 2 p.m.;
-- match or award is communicated by 2 p.m.;
-- match response by 2:30 p.m.;
-- where match required, award posting by 3 p.m.;
-- contract issued within one hour of award posting (with a
new contract number, when applicable); nomination possible
beginning at the next available nomination cycle for the
effective date of the contract. (Central Clock Time)