Petal Gas Storage Company
Original Volume No. 1
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Effective Date: 08/16/1999, Docket: RP99-443-000, Status: Effective
Second Revised Sheet No. 9 Second Revised Sheet No. 9 : Effective
Superseding: Sub. First Revised Sheet No. 9
FSS RATE SCHEDULE
FIRM STORAGE SERVICE
(b) 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
(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.
(c) 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 Business Days.
(i) The name of the Replacement Customer.
(ii) Whether or not the Replacement Customer is an
affiliate of Petal.
(iii) The term of service.
(iv) The present value of the winning bid.
(v) The volume(s) released.