Petal Gas Storage Company

Original Volume No. 1

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Effective Date: 08/16/1999, Docket: RP99-443-000, Status: Effective

Second Revised Sheet No. 9 Second Revised Sheet No. 9 : Effective

Superseding: Sub. First Revised Sheet No. 9

FSS RATE SCHEDULE

FIRM STORAGE SERVICE

(continued)

 

(b) If more than one timely eligible bid is received, the released

capacity will be allocated as follows:

 

(i) A designated Replacement Customer whose bid is the highest bid

received shall be entitled to the released capacity.

 

(ii) The bidder submitting the highest eligible bid shall be entitled

to the released capacity if there is no designated Replacement Customer.

 

(iii) If the designated Replacement Customer's bid is not the highest

eligible bid, the designated Replacement Customer shall be entitled to the

released capacity if it matches or exceeds the highest eligible bid within

one (1) Business Day after notification thereof; otherwise the bidder who

submitted the highest eligible bid shall be entitled to the released

capacity.

 

(iv) Should two or more potential Replacement Customers make identical

winning bids, as determined by Section 4.2 of the General Terms and

Conditions of this Tariff or other nondiscriminatory methodology provided

by Releasing Customer, capacity will be allocated according to the

nondiscriminatory procedure specified by the Releasing Customer or, if the

Releasing Customer did not specify a procedure, the capacity will be

allocated to the Customer who submitted the earlier bid.

 

(c) Within one (1) Business Day after capacity has been awarded to a

winning bidder, or storage service commences under a pre-arranged release

not subject to bidding, Petal will post the following information regarding

the released capacity for a period of 30 Business Days.

 

(i) The name of the Replacement Customer.

 

(ii) Whether or not the Replacement Customer is an

affiliate of Petal.

 

(iii) The term of service.

 

(iv) The present value of the winning bid.

 

(v) The volume(s) released.