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. 112 Original Sheet No. 112
GENERAL TERMS AND CONDITIONS
(Continued)
2. CONTRACTING FOR STORAGE SERVICE (Continued)
2.3 Creditworthiness (Continued)
(a) Credit Information (Continued)
(4) Operator shall inform Potential Customer/Customer in writing
whether or not the Potential Customer/Customer has been
determined creditworthy within five (5) Business Days of
receipt of all information required under this Section
2.3(a) for Operator to complete its credit appraisal. Upon
determination by Operator that Potential Customer/Customer
is not creditworthy, Operator shall provide Potential
Customer/Customer notification and an opportunity to
challenge such determination in accordance with Section
2.3(a)(5) of these General Terms and Conditions.
(5) Notice of Non-creditworthiness
(A) Upon a determination by Operator that Potential
Customer/Customer is non-creditworthy, Operator will
provide a written explanation of the basis for its
determination within five (5) Business Days of such
determination, and will include in such explanation
the reasons Potential Customer/Customer has been
determined to be non-creditworthy. The Potential
Customer/Customer may challenge Operator's
determination in writing within five (5) Business Days
of receipt of Operator's notice of
non-creditworthiness.
(B) At any time after a Potential Customer/Customer is
determined to be non-creditworthy by Operator,
Potential Customer/Customer may initiate a
creditworthiness re-evaluation by Operator. As part of
such Potential Customer/Customer's re-evaluation
request, Potential Customer/Customer shall either
update or confirm in writing the prior information
provided to Operator related to Potential
Customer/Customer's creditworthiness. Such update
shall include any event(s) that Potential
Customer/Customer believes could lead to a material
change in Potential Customer/Customer's
creditworthiness.