Tres Palacios Gas Storage LLC
Original Volume No. 1
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Effective Date: 11/05/2009, Docket: RP10-33-000, Status: Effective
First Revised Sheet No. 50 First Revised Sheet No. 50
Superseding: Original Sheet No. 50
IP RATE SCHEDULE
INTERRUPTIBLE PARKING SERVICE
6.2 TRES PALACIOS 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 Hub Services
Agreement 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
TRES PALACIOS and its Customer(s) shall remain in effect during
the term of the Hub Services Agreement(s) specifying such rates.
If, due to any cause whatsoever, TRES PALACIOS' capability to
receive or deliver quantities of Gas is impaired so that TRES
PALACIOS is unable to receive or deliver the quantities provided
for in its Storage Service Agreements with Customers for
Interruptible 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 the
Customer's Hub Services 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 IP 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 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.