Petal Gas Storage, L. L. C.
Original Volume No. 1
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Effective Date: 05/01/2002, Docket: RP02-188-000, Status: Effective
Original Sheet No. 70 Original Sheet No. 70 : Effective
FTS RATE SCHEDULE (Continued)
If the net revenue method is chosen, Petal shall determine the
bid or bids having the highest net revenue (NR) using the
NR = (Bid Rate) x (Bid Term) x (Bid MDQ)
Bid Rate = the daily charge which the Bidder has agreed to
pay; for reservation rate bids, the charge is
calculated by dividing the bid rate received from
the Bidder by 30.4 days per month (average days
per month in a 365-day year).
Bid Term = the term proposed by the Bidder, in days.
Bid MDQ = the maximum daily transportation quantity (MDQ)
stated in the Bid, measured in dekatherms or
(h) The method by which capacity shall be awarded if tied bids are
received. If no method for awarding capacity to tied bids is
specified, the capacity will be awarded according to Section 4.2
of the General Terms and Conditions of this Tariff.
(i) Any other conditions upon the release of the capacity. Such
conditions must be reasonable and nondiscriminatory.
(j) The identity of a Designated Replacement Customer, the terms
and conditions of the agreement under which that Customer was
designated, and the rates and charges the Designated
Replacement Customer has agreed to pay.
(k) Sufficient information about the Designated Replacement Customer
to enable Petal to determine whether such Customer meets the
creditworthiness criteria set forth in Section 3 of the General
Terms and Conditions of Petal's Tariff.
(l) Such other pertinent information as Petal may request.