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. 54 Original Sheet No. 54 : Effective
IB RATE SCHEDULE
INTERRUPTIBLE BALANCING SERVICE
8. EXPIRATION OF TERM
8.1 Upon expiration without renewal or upon termination of
Customer's Hub Services 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 IB 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.
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 at 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.
9. GENERAL TERMS AND CONDITIONS
Applicable provisions of the General Terms and Conditions of
this FERC Gas Tariff, as such provisions may be amended from time
to time, are hereby incorporated by reference and made a part of
this IB Rate Schedule, where applicable, and shall supplement the
terms and conditions governing service rendered hereunder, as
though stated herein; provided, however, that in the event of any
inconsistency, the terms of this IB Rate Schedule shall control.