Petal Gas Storage, L. L. C.
Original Volume No. 1
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Effective Date: 01/09/2010, Docket: RP10-229-000, Status: Effective
Original Sheet No. 21 Original Sheet No. 21
FSS-1 RATE SCHEDULE
FIRM STORAGE SERVICE (Continued)
(c) If more than one timely eligible bid is received, the released
capacity will be allocated as follows:
(i) A designated Replacement Customer whose bid is the highest
bid received shall be entitled to the released capacity.
(ii) The bidder submitting the highest eligible bid shall be
entitled to the released capacity if there is no
designated Replacement Customer.
(iii) If the designated Replacement Customer's bid is not the
highest eligible bid, the designated Replacement Customer
shall be entitled to the released capacity if it matches
or exceeds the highest eligible bid within one (1)
Business Day after notification thereof; otherwise the
bidder who submitted the highest eligible bid shall be
entitled to the released capacity.
(iv) Should two or more potential Replacement Customers make
identical winning bids, as determined by Section 4.2 of
the General Terms and Conditions of this Tariff or other
nondiscriminatory methodology provided by Releasing
Customer, capacity will be allocated according to the
nondiscriminatory procedure specified by the Releasing
Customer or, if the Releasing Customer did not specify a
procedure, the capacity will be allocated to the Customer
who submitted the earlier bid.
(d) Within one (1) Business Day after capacity has been awarded to a
winning bidder, or storage service commences under a pre-arranged
release not subject to bidding, Petal will post the following
information regarding the released capacity for a period of 30
(i) The name of the Replacement Customer.
(ii) Whether or not the Replacement Customer is an affiliate
(iii) The term of service.
(iv) The present value of the winning bid.
(v) The volume(s) released.