Petal Gas Storage Company

Original Volume No. 1

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Effective Date: 03/15/2002, Docket: CP00- 59-002, Status: Effective

Second Revised Sheet No. 15 Second Revised Sheet No. 15 : Effective

Superseding: Original Sheet No. 15

 

 

FSS RATE SCHEDULE

FIRM STORAGE SERVICE (Continued)

 

 

FSS Agreement with the qualified successor customer who submitted the

bid.

 

10.3 Continuation of Service. If, during the open season, Petal receives no

bids or rejects all bids, Petal and the current capacity holder may

negotiate for continuation of service under mutually satisfactory rates,

terms, and conditions. In no event, however, will such continued service

be provided at a rate lower than the highest rate bid by a qualified

prospective successor customer during the open season.

 

11. EXPIRATION OF TERM

 

At least thirty (30) business days prior to the end of the primary term or any

renewed term of the Customer's FSS Agreement, Petal shall notify Customer to

withdraw all of the FSS gas quantities held in storage by Petal for the account

of Customer. If Customer fails to withdraw such FSS storage gas by the end of

the term, then Petal may take, free and clear of any adverse claims, title to

such FSS storage quantities as Customer was required to withdraw. Petal's

notice to Customer may be given verbally, but shall be confirmed in writing

either by fax or via Petal's EBB.

 

12. GENERAL TERMS AND CONDITIONS

 

Applicable provisions of the storage service General Terms and Conditions of

this Tariff, as such provisions may be amended from time to time, are hereby

incorporated by reference and made a part of this FSS Rate Schedule, where

applicable, and shall supplement the terms and conditions governing service

rendered hereunder, as though stated herein; provided, however, that in the

event of any inconsistency, the terms of this FSS Rate Schedule shall control.