Petal Gas Storage, L. L. C.

Original Volume No. 1

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Effective Date: 05/01/2002, Docket: RP02-188-000, Status: Effective

Original Sheet No. 70 Original Sheet No. 70 : Effective

 

 

 

FTS RATE SCHEDULE (Continued)

 

 

If the net revenue method is chosen, Petal shall determine the

bid or bids having the highest net revenue (NR) using the

following formula:

 

NR = (Bid Rate) x (Bid Term) x (Bid MDQ)

 

where

 

Bid Rate = the daily charge which the Bidder has agreed to

pay; for reservation rate bids, the charge is

calculated by dividing the bid rate received from

the Bidder by 30.4 days per month (average days

per month in a 365-day year).

 

Bid Term = the term proposed by the Bidder, in days.

 

Bid MDQ = the maximum daily transportation quantity (MDQ)

stated in the Bid, measured in dekatherms or

MMBtu.

 

(h) The method by which capacity shall be awarded if tied bids are

received. If no method for awarding capacity to tied bids is

specified, the capacity will be awarded 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.