Monroe Gas Storage Company, LLC
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 04/29/2009, Docket: RP09-447-000, Status: Effective
Original Sheet No. 26 Original Sheet No. 26
RATE SCHEDULE FSS
Firm Storage Service (Continued)
7. RIGHT OF FIRST REFUSAL (Continued)
7.3 In the event Customer notifies Operator in accordance with the terms of
this Rate Schedule, not less than six (6) Months prior to the
termination or expiration of an Service Agreement applicable to this
Rate Schedule that contains a ROFR, an open season will be held for the
capacity under the expiring Service Agreement. This open season will be
conducted pursuant to the terms and conditions set forth in Section 2.6
of the General Terms and Conditions of this FERC Gas Tariff.
7.4 Bids from qualified Potential Customers who desire, in whole or in part,
the capacity to be made available upon the expiration or termination of
a Service Agreement applicable to this Rate Schedule that includes a
ROFR must be received by Operator within the timeframe set forth in the
open season notice. Upon expiration of the open season, Operator will
select the best bid received from a qualified Potential Customer and
communicate the terms of that bid to the Customer, who may elect, within
ten (10) Days, or such greater time as Operator may specify, to execute
a renewed Service Agreement upon the same terms. In determining which
bid for the capacity is the best, Operator will use an objective, not
unduly discriminatory methodology as set forth in Section 2.6 of the
General Terms and Conditions of this FERC Gas Tariff.
7.5 If a Customer does not elect to match the terms of the best bid, its
Service Agreement applicable to this Rate Schedule will expire at the
conclusion of its term and Operator will be deemed to have all necessary
abandonment authorization with respect to such Service. Operator may
enter into a new Service Agreement with the qualified Potential Customer
who submitted the best bid.
7.6 Regardless of any bids received, Operator shall retain the right to
require a minimum rate or term of Service, which shall be market-based,
for bids during any such open season.
7.7 If during the open season, Operator receives no bids or rejects all
bids, Customer and Operator may negotiate for continuation of service
under mutually satisfactory rates, terms, and conditions. In no event,
however, will such continued service be provided at a rate lower than
the best bid by a qualified Potential Customer during the open season.