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

Second Revised Sheet No. 106 Second Revised Sheet No. 106

Superseding: First Revised Sheet No. 106

 

GENERAL TERMS AND CONDITIONS (continued)

 

b. Maximum Daily Withdrawal Quantity (MDWQ) (stated in MMBtu/day or

Dth/day), at which Point(s) of Delivery, and any lower FSS-1 withdrawal

priority that Customer is willing to accept. If withdrawn gas is to be

transported under Petal's Rate Schedule FTS or ITS after withdrawal

from storage, the Point of Delivery for the firm storage service shall

be Petal's Paper Pooling Point at the terminus of Petal's approximately

5.5 mile storage header system.

 

c. Maximum Daily Injection Quantity (MDIQ) (stated in MMBtu/day or

Dth/day), at which Point(s) of Receipt, and any lower FSS-1 injection

priority that Customer is willing to accept. If injected gas is to be

transported under Petal's Rate Schedule FTS or ITS before being

injected, the Point of Receipt for the firm storage service shall be

Petal's Paper Pooling Point at the terminus of Petal's approximately

5.5 mile storage header system.

 

(ii) For requests for firm transportation service under Rate Schedule FTS,

 

a. Maximum Daily Transportation Quantity (stated in MMBtu/day or Dth/day).

 

b. Maximum Daily Quantity (stated in MMBtu/day or Dth/day) and at which

Primary Receipt Points. If transported gas is to be stored under

Petal's Rate Schedule FSS, FSS-1 or ISS before transportation, the

Point of Receipt for the firm transportation service shall be Petal's

Paper Pooling Point at the terminus of Petal's approximately 5.5 mile

storage header system.

 

c. Maximum Daily Quantity (stated in MMBtu/day or Dth/day) and at which

Primary Delivery Points. If transported gas is to be stored under

Petal's Rate Schedule FSS, FSS-1 or ISS after transportation, the

Point of Delivery for the firm transportation service shall be Petal's

Paper Pooling Point at the terminus of Petal's approximately 5.5 mile

storage header system.

 

(e) Term of service, including the date service is requested to commence and the date

service is requested to terminate.

 

(f) Evidence of creditworthiness. Acceptance of a storage or transportation service

request is contingent upon a satisfactory credit appraisal by Petal. Such credit

appraisal must meet the following criteria:

 

(i) Customer shall provide (a) current financial statements, annual reports,

10-K reports or other filings with regulatory agencies, (b) a list of all

corporate affiliates, parent companies and subsidiaries, and (c) any reports

from credit reporting agencies which are available. Petal shall apply

consistent evaluation practices to determine the acceptability of the

Customer's overall financial condition, working capital, and profitability

trends.

 

(ii) A bank reference and at least two trade references must be provided by

Customer. The results of reference checks and any credit reports must show

that Customer's obligations are being paid on a prompt basis.

 

(iii) Customer must not be operating under any chapter of the bankruptcy laws and

must not be subject to liquidation or debt reduction procedures under the

state laws, such as an assignment for the benefit of creditors, or any

informal creditors' committee agreement. An exception can be made for a

Customer who is a debtor in possession operating under Chapter XI of the

Federal Bankruptcy Act but only with adequate assurances that billings will

be paid promptly as cost of administration under the federal court's

jurisdiction.

(iv) Customer must not be subject to the uncertainty of pending liquidation or

regulatory proceedings in state or federal courts which could cause a

substantial deterioration in its financial condition, which could cause a