Petal Gas Storage Company

Original Volume No. 1

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Effective Date: 04/01/2003, Docket: RP00-491-003, Status: Effective

Substitute Original Sheet No. 11A Substitute Original Sheet No. 11A : Effective

 

 

 

FSS RATE SCHEDULE (Continued)

 

 

4.9 Releases Not Subject to Bidding.

 

(a) Thirty-one Days or Less. A Releasing Customer may release its

firm capacity to a Designated Replacement Customer for a term

of 31 days or less without prior posting or bidding for the

released capacity. The Releasing Customer and its Designated

Replacement Customer shall notify Petal of the terms of the

prearranged release, and Designated Replacement Customer may

nominate for next day gas flow upon receipt by Petal of

notification of such release. Petal will tender a contract

with a contract number within one hour of receipt by Petal of

notification of the release. Petal will post on its Internet

website an announcement of the release. The Designated

Replacement Customer must comply with the creditworthiness

requirements of this FERC Gas Tariff. Once the term of the

release hereunder has expired, the Releasing Customer cannot

rollover or extend the release period, or re-release its

capacity to the same Replacement Customer under this provision

until twenty-eight (28) days or more have elapsed since the

termination of the prior release. However, the Releasing

Customer may release the capacity to the same Replacement

Customer under the bidding provisions of this Section.

 

(b) Maximum Rate. A Releasing Customer may release its firm

capacity to a Designated Replacement Customer for the maximum

rate without prior posting or bidding for the released capacity.

The Releasing Customer and its Designated Replacement Customer

shall notify Petal of the terms of the prearranged release, and

Designated Replacement Customer may nominate for next day gas

flow upon receipt by Petal of notification of such release.

Petal will tender a contract with a contract number within one

hour of receipt by Petal of notification of the release. Petal

will post on its Internet website an announcement of the

release. The Designated Replacement Customer must comply with

the creditworthiness requirements of the FERC Gas Tariff.