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neither has withdrawn such Storage Inventory nor indicated in writing to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.