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

First Revised Sheet No. 235 First Revised Sheet No. 235

Superseding: Original Sheet No. 235

 

FORM OF MASTER SERVICE AGREEMENT FOR

CAPACITY RELEASE TRANSACTIONS

 

 

THIS AGREEMENT made this ______day of ___________, ____ by and between Petal Gas Storage,

L.L.C., a Delaware limited liability corporation (hereinafter called "Petal") and

__________________ (hereinafter called "Customer").

 

WHEREAS, Customer has requested that Petal provide transportation or storage service on

its behalf in the event that Customer is awarded by Petal capacity released by one or

more other firm storage or transportation customers of Petal pursuant to Section 4 of

Petal's Rate Schedule FSS, FSS-1 or FTS, as the case may be; and

 

WHEREAS, Petal agrees to provide such storage or transportation service subject to the

terms and conditions hereof.

 

WITNESSETH: That, in consideration of the mutual covenants herein contained, the parties

hereto agree that Petal will store or transport natural gas for Customer, on a firm

basis, during the term, at the rates and on the terms and conditions hereinafter

provided.

ARTICLE I - SCOPE

 

Customer and Petal acknowledge that this is a Master Service Agreement entered into

pursuant to Section 4.10 of Petal's Rate Schedule FSS and FSS-1 or Section 4.16 of

Petal's Rate Schedule FTS, as the case may be, for the purpose of facilitating the

capacity release process. Accordingly, Customer agrees to be bound by the terms of its

capacity release bid(s) if and when Petal awards Customer any such bid(s). Further, for

each release transaction performed pursuant to this Agreement, Petal and Customer agree

that, in addition to the terms and conditions of this Agreement, Customer's rights under

this Agreement shall not exceed those of the Releasing Customer. In accordance with

Section 4.4 (d) of Rate Schedules FSS, FSS-1 or FTS, Petal will post on its website the

information ofthe released capacity within one (1) business day after capacity has been

awarded ("Award Notice"). The terms of such Award Notice(s) are hereby incorporated by

reference in this Agreement. The acceptance of a capacity release award by Customer

shall not, in and of itself, relieve the releasing customer of further obligations under

its original Rate Schedule FSS, FSS-1 or FTS service agreement. The form of Award Notice

is attached as an appendix to this Agreement.

 

ARTICLE II - QUANTITIES

 

To be specified in the applicable Award Notice, not to exceed the quantities specified

in the original FSS, FSS-1 or FTS Customer's Agreement between Petal and the releasing

customer, less any quantities subject to another release agreement in effect.