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. 75 Second Revised Sheet No. 75 : Pending

Superseding: First Revised Sheet No. 75

 

 

FTS RATE SCHEDULE (Continued)

 

 

4.9 Submittal of Bids. During the open season and bid submittal periods,

all valid bids (excluding bidder's name) will be posted upon receipt.

All bids will be binding until written or electronic notice of

withdrawal is received by Petal. A bid may be withdrawn prior to the

close of the bidding period, but the withdrawing bidder may not rebid

on the same capacity at a lower rate.

 

4.10 Designated Replacement Customer. A Releasing Customer may designate

its own Replacement Customer. If the Designated Replacement Customer

agrees to pay the maximum reservation charge applicable to the

Releasing Customer's service, for the full released quantity and term

offered by the Releasing Customer, and the Designated Replacement

Customer satisfies all of the requirements of this Section, the

prearranged bid will be deemed the best bid. Petal shall thereafter

post on its Internet website the identity of the Designated Replacement

Customer, and the terms upon which the capacity was released.

 

4.11 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