Michigan Gas Storage Company

First Revised Volume No 1

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Effective Date: 10/03/1997, Docket: RP97-511-000, Status: Effective

First Revised Sheet No. 69 First Revised Sheet No. 69 : Superseded

Superseding: Original Sheet No. 69

GENERAL TERMS AND CONDITIONS

(continued)

 

 

(b) If Shipper's Long-Term Agreement is not extended

according to its terms and Shipper wants to continue to

receive the service by matching any other offer for the

service, the following shall occur:

 

(i) Shipper must notify MGS of its desire

to continue service at least ninety

(90) Days prior to the termination of

the Long-Term Agreement.

 

(ii) MGS shall then post the MDQ or MSQ

under the Shipper's Long-Term Agreement

on its Electronic Bulletin Board.

 

(iii) MGS shall then begin accepting requests

from any prospective Shipper, including

any prospective Shipper that has

already submitted a request for service

under Section 20 of the General Terms

and Conditions of this tariff, for all

or a portion of the Service rights

under the Long-Term Agreement.

Requests shall be accepted for forty-

five (45) Days, beginning at least

sixty (60) Days prior to the

termination of the Shipper's Long-Term

Agreement.

 

(iv) If MGS receives an offer for all or a

portion of the service rights under

Shipper's Long-Term Agreement, MGS

shall notify Shipper in writing of the

offer having the greatest economic

value within five (5) Days after the

last Day for receiving offers. For

purposes of value comparisons under

this Section, the longest term utilized

shall be five (5) years.

 

(v) If Shipper elects to match the offer,

Shipper shall notify MGS of the

election in writing within fifteen (15)

Days after receiving notice from MGS,

and shall execute a new Service

Agreement matching the prior offer

prior to the termination of the Long-

Term Agreement.

 

(vi) If no other offers are received, then

Shipper may continue to receive Service

at the applicable maximum rate or at a

rate agreed to by MGS and Shipper, and

for a term to be decided by Shipper.

 

(vii) If an Agreement is not continued in

accordance with this Section 23, such

Agreement shall terminate as specified

therein.