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. 73 Original Sheet No. 73 : Effective

 

 

 

FTS RATE SCHEDULE (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 FERC Gas

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

FERC Gas Tariff.

 

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

of its capacity on a firm, 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 this FERC Gas Tariff; and

 

(b) the Replacement Customer is willing to execute a FTS Agreement

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

Releasing Customer at terms identical to those in Releasing

Customer's FTS Agreement or otherwise acceptable to Petal, at

the rate bid by the Replacement Customer and accepted by the

Releasing Customer up to the maximum rate and for the primary

term set forth in the Releasing Customer's FTS Agreement with

Petal (the Releasing Customer will remain obligated to pay the

difference, if any, between the accepted bid and the applicable

rate for the remainder of the existing FTS Agreement term); and