Petal Gas Storage Company
Original Volume No. 1
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Effective Date: 07/01/2002, Docket: RP02-281-000, Status: Effective
First Revised Sheet No. 74 First Revised Sheet No. 74 : Effective
Superseding: Original Sheet No. 74
FTS RATE SCHEDULE (Continued)
(c) the Releasing Customer is willing to terminate or amend its
FTS Agreement with Petal to reflect the permanent release of
capacity on the date that its Replacement Customer's FTS
Agreement takes effect.
4.7 Recall of Released Capacity. Releasing Customers may, to the extent
permitted as a condition of the capacity release, recall released
capacity (scheduled or unscheduled) at the Timely Nomination cycle
and the Evening Nomination cycle, and recall unscheduled released
capacity at the Intra-Day 1 and Intra-Day 2 Nomination cycles by
providing notice to Petal by the following times for each cycle:
8:00 a.m. CCT for the Timely Nomination cycle; 5:00 p.m. CCT for the
Evening Nomination cycle; 8:00 a.m. CCT for the Intra-Day 1
Nomination cycle; and 3:00 p.m. for the Intra-Day 2 Nomination cycle.
Notification to Replacement Customers shall be provided by Petal
within one hour of receipt of recall notification.
4.8 Offers to Purchase Released Capacity. An offer to purchase released
capacity from a FTS Customer may be tendered by any person who (i)
meets the creditworthiness criteria set forth in Section 3 of the
General Terms and Conditions of this FERC Gas Tariff; and (ii) is
otherwise eligible to become a Replacement Customer. The offer to
purchase may be submitted in writing or via Petal's EBB, setting
forth the following information:
(a) The identity of the person making the offer, together with
sufficient information about such person to enable Petal to
determine whether such person meets the creditworthiness
(b) The volume(s) of capacity such person desires to purchase.
(c) Primary Receipt and Delivery Point(s).
(d) The rate(s) such person is offering to pay.
(e) The duration of the service to which the offer pertains, and
whether such capacity is sought on a firm or recallable basis.
(f) The conditions, if any, upon which the seller of the capacity
may recall it.
(g) Any other terms and conditions upon which the offer is
(h) Such other pertinent information as Petal may request.