Petal Gas Storage Company

Original Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-435-000, Status: Pending

Fourth Revised Sheet No. 15 Fourth Revised Sheet No. 15 : Pending

Superseding: Third Revised 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 all of the FSS 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, and Petal shall be

able to sell such FSS gas. Petal's notice to Customer may be given verbally,

but shall be confirmed in writing either by fax or via Petal's Internet website.

 

 

12. GENERAL TERMS AND CONDITIONS

 

Applicable provisions of the 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.