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. 55 Original Sheet No. 55
RATE SCHEDULE IPS
Interruptible Parking 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neither has withdrawn the gas nor indicated in writing to Operator that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
gas pursuant to this section, Operator shall dispose of such gas 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.