Petal Gas Storage Company
Original Volume No. 1
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Effective Date: 05/01/2001, Docket: RP01-347-000, Status: Effective
Fourth Revised Sheet No. 8 Fourth Revised Sheet No. 8 : Effective
Superseding: Third Revised Sheet No. 8
FSS RATE SCHEDULE
FIRM STORAGE SERVICE
according to Section 4.2 of the General Terms and Conditions of this Tariff.
(i) Any other conditions upon the release of the capacity. Such
conditions must be reasonable and nondiscriminatory.
(j) The identity of a Designated Replacement Customer, the terms
and conditions of the agreement under which that Customer was
designated, and the rates and charges the Designated
Replacement Customer has agreed to pay.
(k) Sufficient information about the Designated Replacement
Customer to enable Petal to determine whether such Customer
meets the creditworthiness criteria set forth in Section 3 of
the General Terms and Conditions of Petal's Tariff.
(l) Such other pertinent information as Petal may request.
4.4 Allocation of Released Capacity.
(a) If the Commission's regulations require a bid period or the
Customer requests a bid period, the following capacity release
timeline is applicable to all parties involved in the capacity
release process; however, it is only applicable if all
information provided by the parties to the transaction is
valid and the Replacement Customer has been determined to be
creditworthy before the capacity release bid is tendered, and
there are no special terms or conditions of the release. GISB
Standard 5.3.2 (Version 1.4) states:
For short-term releases (less than 5 months)
- Offers should be tendered by 1:00 P.M. on the day
before nominations for short-term releases (less than 5
- open season ends no later than 2 P.M. on the day before
nominations are due (evaluation period begins at 2 P.M.
during which contingency is eliminated, determination
of best bid is made, and ties are broken);
- evaluation period ends at 3:15 P.M.;
- match or award is communicated by 3:15 P.M.
- match response by 4 P.M.;
- award posting by 5 P.M.
- posting of pre-arranged deals not subject to bid by 9
A.M. the day of nominations;
- contract tendered with contract # by 10 A.M.; contract
executed; nomination possible for next day gas flow.
(Central Clock Time)
For longer term releases (five months or more):