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. 72 Original Sheet No. 72 : Effective
FTS RATE SCHEDULE (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, although the maximum reservation rate that may
be bid shall not exceed the maximum rate for the
applicable service being released as set forth on the
applicable currently effective tariff sheets, unless such
release is for less than one year, in which case there
shall be no maximum rate.
(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 FERC Gas 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 transportation 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 Business Days:
(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.