Tres Palacios Gas Storage LLC

Original Volume No. 1

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Effective Date: 08/01/2008, Docket: RP08-424-000, Status: Effective

Original Sheet No. 31 Original Sheet No. 31

 

FP RATE SCHEDULE

FIRM PARKING SERVICE

(Continued)

 

8. EXPIRATION OF TERM

 

8.1 Upon expiration without renewal or upon termination of

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

remaining in the TRES PALACIOS storage facility shall be deemed

sold to TRES PALACIOS 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 FP

Gas quantities due to an interruption of Customer's withdrawal

service by TRES PALACIOS 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 TRES PALACIOS to

Customer. To the extent that the credit exceeds the total charges

in that statement, the difference shall be paid by TRES PALACIOS

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 TRES PALACIOS purchases and takes

title to any of Customer's Gas pursuant to this Section 8, TRES

PALACIOS 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.

 

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 FP 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 FP Rate Schedule shall control.