Pine Prairie Energy Center, LLC
Original Volume No. 1
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Effective Date: 09/01/2007, Docket: RP07-563-000, Status: Effective
Original Sheet No. 23 Original Sheet No. 23 : Effective
FSS RATE SCHEDULE
FIRM STORAGE SERVICE
6.2 PPEC shall have the right to propose to FERC or any
other governing regulatory body such changes in its rates and
terms of service as it deems necessary, and the Firm Storage
Service Agreement executed by the parties shall be deemed to
include any changes which are made effective pursuant to order or
regulation or provisions of law, without prejudice to Customer's
right to protest the same; provided however, that any market-based
rates negotiated between PPEC and its Customer(s) shall remain in
effect during the term(s) of the Firm Storage Service Agreement(s)
specifying such rates.
If, due to an emergency situation or when unexpected capacity
loss occurs after scheduling, PPEC's capability to receive or
deliver quantities is impaired so that PPEC is unable to receive
or deliver the quantities provided for in its Storage Service
Agreements with Customers for Firm Storage Services, then
capacity, withdrawals and/or injections will be allocated
according to the priority of service as set forth in Section 5 of
the General Terms and Conditions of this FERC Gas Tariff.
8. EXPIRATION OF TERM
8.1 Upon expiration without renewal or upon termination of
Customer's Firm Storage Service Agreement, any of Customer's Gas
remaining in the PPEC storage facility shall be deemed sold to
PPEC at a price equal to 80% of the price realized for such Gas
pursuant to an auction held in accordance with Section 32 of the
General Terms and Conditions of this FERC Gas Tariff. However, if
Customer was unable to withdraw its FSS Gas quantities due to an
interruption of Customer's withdrawal service by PPEC during the
last ten Days before termination, Customer shall be allowed to
withdraw its Gas within a reasonable period following the end of
the contract term.
8.2 Payment for the remaining quantities of Gas shall appear
as a credit on the last statement rendered by PPEC to Customer.
To the extent that the credit exceeds the total charges in that
statement, the difference shall be paid by PPEC to Customer on or
before the 25th day of the Month following the Month of such
expiration or termination.
8.3 In the event that PPEC purchases and takes title to any
of Customer's Gas pursuant to this Section 8, PPEC shall dispose
of such Gas by auction and shall credit the net proceeds received
from such auction in accordance with the provisions of Section 32
of the General Terms and Conditions of this FERC Gas Tariff.