Monroe Gas Storage Company, LLC

Original Volume No. 1

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Effective Date: 04/29/2009, Docket: RP09-447-000, Status: Effective

Original Sheet No. 27 Original Sheet No. 27

 

RATE SCHEDULE FSS

Firm Storage Service (Continued)

 

8. EXPIRATION OF TERM

 

8.1 At least ten (10) Business Days prior to the expiration of any primary

term or renewed term of Customer's Service Agreement applicable to this

Rate Schedule, Operator shall notify Customer to withdraw all Storage

Inventory held by Operator for Customer's account. Operator's notice to

Customer may be given verbally but shall be confirmed in writing by way

of email or facsimile at Operator's option to Customer. Before the end

of the contract term, Customer must either physically withdraw the

Storage Inventory or indicate to Operator in writing that it desires to

have Operator cash out the Storage Inventory on mutually agreeable

terms. If, by midnight on the last Day of the contract term, Customer

neither has withdrawn such Storage Inventory nor indicated in writing to

Operator that it desires to exercise the cash-out option, then Operator

may take, free and clear of any adverse claims or obligation to

Customer, title to such Storage Inventory quantities as Customer was

required to withdraw or cash out; provided, however, that if Customer

was unable to withdraw its Storage Inventory quantities due to an

interruption of Customer's withdrawal service during the last ten (10)

days before termination, Customer shall be allowed to withdraw its gas

within a reasonable period following the end of the contract term.

 

8.2 In the event that Operator retains and takes title to any of Customer's

Storage Inventory pursuant to this Section 8, Operator shall dispose of

such Storage Inventory by auction and shall credit net proceeds received

from such auction in accordance with the provisions of Section 28

(Disposition of Retained Quantities) of the General Terms and Conditions

of this FERC Gas Tariff.

 

8.3 Operator shall charge Customer any transportation charge incurred by

Operator at the Operator interconnections with other pipelines that are

applicable to the cash-out of inventory balances pursuant to Section 8.1

herein.

 

9. GENERAL TERMS AND CONDITIONS

 

Applicable provisions of the General Terms and Conditions of this FERC Gas

Tariff, as such provisions may be amended from time to time, are hereby

incorporated by reference and made a part of this Rate Schedule, where

applicable, and shall supplement the terms and conditions governing service

rendered hereunder, as though stated herein.