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

(Continued)

 

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.