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. 22 First Revised Sheet No. 22

Superseding: Original Sheet No. 22

 

FSS-1 RATE SCHEDULE

FIRM STORAGE SERVICE (Continued)

 

 

4.5 Evaluation of Bids.

 

(a) A Releasing Customer may specify the criteria for determining

the winning bid. These criteria must be objectively stated,

applicable to all potential bidders and nondiscriminatory. The

Releasing Customer shall not be entitled to reject any eligible

bid which meets its specified criteria.

 

(b) If a Releasing Customer does not specify the criteria for

determining the winning bid, Petal shall apply the rules in

Section 4.2 of the General Terms and Conditions of this Tariff.

A bid is "eligible" and a Replacement Customer may be

"designated" only if the person submitting the bid or the

Replacement Customer meets the creditworthiness criteria set

forth in Section 3 of the General Terms and Conditions of this

Tariff.

 

4.6 Permanent Replacement Customers. A Customer may release all or any part

of its Rate Schedule FSS-1 capacity on a permanent basis, provided that:

 

(a) a Replacement Customer has been identified which meets the

creditworthiness criteria in Section 3 of the General Terms and

Conditions of Petal's Tariff; and

 

(b) the Replacement Customer is willing to execute a FSS-1 Agreement

with Petal for a minimum term equal to the remaining term of the

Releasing Customer at rates and terms identical to those in

Releasing Customer's Agreement or otherwise acceptable to Petal;

and

 

(c) the Releasing Customer is willing to terminate or amend its FSS-1

Agreement with Petal to reflect the permanent release of capacity

on the date that its Replacement Customer's FSS-1 Agreement takes

effect.

 

4.7 Recall of Released Capacity. Releasing Customers may, to the extent

permitted as a condition of the capacity release, recall released capacity

by providing notice to Customer in accordance with the following timeline.

 

For Recall Notification NAESB Standard 5.3.44 (Version 1.9) states:

 

(i) Timely Recall Notification:

 

(a) A Releasing Customer recalling capacity should provide

notice of such recall to the Seller and the first

Replacement Customer no later than 8:00 a.m. on the day

that Timely Nominations are due;

 

(b) The Seller should provide notification of such recall to

all affected Replacement Customers no later than 9:00

a.m. on the day that Timely Nominations are due (Central

Clock Time);