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. 34 Original Sheet No. 34

 

RATE SCHEDULE ISS

Interruptible Storage Service (Continued)

 

8. EXPIRATION OF TERM

 

8.1 At least ten (10) Business Days prior to the end of the primary term or

any renewed term specified in Exhibit A of Customer's Service Agreement

applicable to this Rate Schedule, Operator shall notify Customer to

withdraw all of the gas quantities under this Rate Schedule held in

storage by Operator for the account of Customer; provided, however, any

Agreement that has a primary term or renewed term of ten (10) business

days or less shall not require such foregoing notice but shall be deemed

to have been given upon the first day of the respective primary term or

renewed term of such Agreement. 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 term

stated in Exhibit A of Customer's Services Agreement under this Rate

Schedule, Customer must either physically withdraw the gas or indicate

to Operator in writing that it desires to have Operator cash out the gas

on mutually agreeable terms. If, by midnight on the last Day of the term

of Customer's Services Agreement under this Rate Schedule, Customer

neither has withdrawn the gas nor indicated in writing to Operator that

it desires to exercise the cash out option for the gas, then Operator

may take, free and clear of any adverse claims, title to such gas as

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

if Customer was unable to withdraw the gas due to an interruption of

Customer's withdrawal service during the last ten (10) days before

termination, Customer shall be allowed to withdraw the 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 quantities pursuant to this Section 8, Operator shall dispose of

such storage quantities by auction and shall credit the 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.

 

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.