Petal Gas Storage, L. L. C.
Original Volume No. 1
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Effective Date: 07/25/2008, Docket: RP08-421-000, Status: Effective
Third Revised Sheet No. 122 Third Revised Sheet No. 122
Superseding: Second Revised Sheet No. 122
GENERAL TERMS AND CONDITIONS (Continued)
are in terms of such unit. Notwithstanding the foregoing, it is agreed
that, for all purposes, the dth content of the gas received and
delivered by Petal hereunder shall be measured on an "as delivered"
basis rather than a fully saturated or "wet" basis.
13.2 Petal shall install, maintain and operate, or cause to be installed,
maintained and operated, the measurement facilities required hereunder.
Said measurement facilities shall be so equipped with orifice meters,
recording gauges, or other types of meters of standard make and design
commonly acceptable in the industry, as to accomplish the accurate
measurement of gas delivered hereunder. The retrieval of data,
calibrating and adjustment of meters shall be done by Petal or its
14. BILLINGS AND PAYMENTS
14.1 Invoice. On or before the ninth (9th) Business Day of each month, Petal
shall provide Customer (including a Replacement Customer) an invoice
(which may be transmitted by fax or electronic mail) setting forth (i)
the Capacity and Deliverability Charges due for the current month (or
applicable Standby Charges); (ii) the total quantity of gas received
from and delivered to Customer hereunder during the preceding month(s),
with applicable Point(s) of Receipt and Point(s) of Delivery properly
identified, and the amount (Injection, Withdrawal and Overrun Charges)
due therefore; and (iii) the amount of Customer's gas in storage as of
the close of the preceding month and information sufficient to explain
and support any adjustments made by Petal in determining the amount
billed. If actual volumes are not available by the ninth (9th) business
day of the month, Petal may invoice based on estimated volumes, based on
best available data, subject to adjustment to actuals at a later date.
14.2 Application of Payments for Released Storage Capacity. Payments to
Petal by a Replacement Customer for released capacity shall by applied
as follows: (i) Petal shall retain amounts equal to the Releasing
Customer's rates for Storage Injection Charge, Overrun Injection Charge,
Storage Withdrawal Charge, and Overrun Withdrawal Charge multiplied by
the Replacement Customer's volumes; (ii) Petal will credit the balance
to Capacity and Deliverability Charges due from the