Petal Gas Storage, L. L. C.

Original Volume No. 1

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Effective Date: 01/09/2010, Docket: RP10-229-000, Status: Effective

Original Sheet No. 25 Original Sheet No. 25

 

FSS-1 RATE SCHEDULE

FIRM STORAGE SERVICE (Continued)

 

4.9 Releases Not Subject to Bidding.

 

(a) Thirty-one Days or Less. A Releasing Customer may release its

Rate Schedule FSS-1 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