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

(continued)

 

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

months);

- 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):