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. 36 Original Sheet No. 36 : Effective
ISS RATE SCHEDULE
INTERRUPTIBLE 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 Interruptible
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 Interruptible
Storage Service Agreement(s) specifying such rates.
If, due to any cause whatsoever, PPEC's capability to receive
or deliver quantities of Gas is impaired so that PPEC is unable to
receive or deliver the quantities provided for in its Storage
Service Agreements with Customers for Interruptible 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 Interruptible 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 ISS 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.