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.