Pine Prairie Energy Center, LLC

Original Volume No. 1

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Effective Date: 09/01/2007, Docket: RP07-563-000, Status: Effective

Original Sheet No. 23 Original Sheet No. 23 : Effective

 

FSS RATE SCHEDULE

FIRM STORAGE SERVICE

(Continued)

 

6.2 PPEC shall have the right to propose to FERC or any

other governing regulatory body such changes in its rates and

terms of service as it deems necessary, and the Firm Storage

Service Agreement executed by the parties shall be deemed to

include any changes which are made effective pursuant to order or

regulation or provisions of law, without prejudice to Customer's

right to protest the same; provided however, that any market-based

rates negotiated between PPEC and its Customer(s) shall remain in

effect during the term(s) of the Firm Storage Service Agreement(s)

specifying such rates.

 

7. CURTAILMENT

 

If, due to an emergency situation or when unexpected capacity

loss occurs after scheduling, PPEC's capability to receive or

deliver quantities is impaired so that PPEC is unable to receive

or deliver the quantities provided for in its Storage Service

Agreements with Customers for Firm Storage Services, then

capacity, withdrawals and/or injections will be allocated

according to the priority of service as set forth in Section 5 of

the General Terms and Conditions of this FERC Gas Tariff.

 

8. EXPIRATION OF TERM

 

8.1 Upon expiration without renewal or upon termination of

Customer's Firm Storage Service Agreement, any of Customer's Gas

remaining in the PPEC storage facility shall be deemed sold to

PPEC at a price equal to 80% of the price realized for such Gas

pursuant to an auction held in accordance with Section 32 of the

General Terms and Conditions of this FERC Gas Tariff. However, if

Customer was unable to withdraw its FSS Gas quantities due to an

interruption of Customer's withdrawal service by PPEC during the

last ten Days before termination, Customer shall be allowed to

withdraw its Gas within a reasonable period following the end of

the contract term.

 

8.2 Payment for the remaining quantities of Gas shall appear

as a credit on the last statement rendered by PPEC to Customer.

To the extent that the credit exceeds the total charges in that

statement, the difference shall be paid by PPEC to Customer on or

before the 25th day of the Month following the Month of such

expiration or termination.

 

8.3 In the event that PPEC purchases and takes title to any

of Customer's Gas pursuant to this Section 8, PPEC shall dispose

of such Gas by auction and shall credit the net proceeds received

from such auction in accordance with the provisions of Section 32

of the General Terms and Conditions of this FERC Gas Tariff.