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. 29 Original Sheet No. 29

 

FSS-1 RATE SCHEDULE

FIRM STORAGE SERVICE (Continued)

 

 

FSS-1 Agreement with the qualified successor customer who submitted the

bid.

 

10.3 Continuation of Service. If, during the open season, Petal receives no

bids or rejects all bids, Petal and the current capacity holder may

negotiate for continuation of service under mutually satisfactory rates,

terms, and conditions. In no event, however, will such continued service

be provided at a rate lower than the highest rate bid by a qualified

prospective successor customer during the open season.

 

11. EXPIRATION OF TERM

 

At least thirty (30) Business Days prior to the end of the primary term or any

renewed term of the Customer's FSS-1 Agreement, Petal shall notify Customer to

withdraw all of the FSS-1 gas quantities held in storage by Petal for the

account of Customer. If Customer fails to withdraw all of the FSS-1 gas by the

end of the term, then Petal may take, free and clear of any adverse claims,

title to such FSS-1 storage quantities as Customer was required to withdraw, and

Petal shall be able to sell such FSS-1 gas. Petal's notice to Customer may be

given verbally, but shall be confirmed in writing either by fax, electronic

mail, or via Petal's Internet website.

 

 

12. GENERAL TERMS AND CONDITIONS

 

Applicable provisions of the General Terms and Conditions of this Tariff, as

such provisions may be amended from time to time, are hereby incorporated by

reference and made a part of this Rate Schedule FSS-1, where applicable, and

shall supplement the terms and conditions governing service rendered hereunder,

as though stated herein; provided, however, that in the event of any

inconsistency, the terms of this Rate Schedule FSS-1 shall control.