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 If withdrawn gas is to be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