Petal Gas Storage Company

Original Volume No. 1

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

Second Revised Sheet No. 74 Second Revised Sheet No. 74 : Pending

Superseding: First Revised Sheet No. 74

 

 

FTS RATE SCHEDULE (Continued)

 

 

(c) the Releasing Customer is willing to terminate or amend its

FTS Agreement with Petal to reflect the permanent release of

capacity on the date that its Replacement Customer's FTS

Agreement takes effect.

 

4.7 Recall of Released Capacity. Releasing Customers may, to the extent

permitted as a condition of the capacity release, recall released

capacity (scheduled or unscheduled) at the Timely Nomination cycle

and the Evening Nomination cycle, and recall unscheduled released

capacity at the Intra-Day 1 and Intra-Day 2 Nomination cycles by

providing notice to Petal by the following times for each cycle:

8:00 a.m. CCT for the Timely Nomination cycle; 5:00 p.m. CCT for the

Evening Nomination cycle; 8:00 a.m. CCT for the Intra-Day 1

Nomination cycle; and 3:00 p.m. for the Intra-Day 2 Nomination cycle.

Notification to Replacement Customers shall be provided by Petal

within one hour of receipt of recall notification.

 

4.8 Offers to Purchase Released Capacity. An offer to purchase released

capacity from a FTS Customer may be tendered by any person who (i)

meets the creditworthiness criteria set forth in Section 3 of the

General Terms and Conditions of this FERC Gas Tariff; and (ii) is

otherwise eligible to become a Replacement Customer. The offer to

purchase may be submitted in writing or via Petal's Internet website,

setting forth the following information:

 

(a) The identity of the person making the offer, together with

sufficient information about such person to enable Petal to

determine whether such person meets the creditworthiness

criteria.

 

(b) The volume(s) of capacity such person desires to purchase.

 

(c) Primary Receipt and Delivery Point(s).

 

(d) The rate(s) such person is offering to pay.

 

(e) The duration of the service to which the offer pertains, and

whether such capacity is sought on a firm or recallable basis.

 

(f) The conditions, if any, upon which the seller of the capacity

may recall it.

 

(g) Any other terms and conditions upon which the offer is

contingent.

 

(h) Such other pertinent information as Petal may request.