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. 118 Original Sheet No. 118

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

2. CONTRACTING FOR STORAGE SERVICE (Continued)

 

2.3 Creditworthiness (Continued)

 

(c) Alternative Forms of Security (Continued)

 

(6) The market value of loaned gas, if any, applicable to

Potential Customer/Customer's obligation under its service

agreement(s) with Operator as stipulated in Section 2.3(c)

herein shall be determined by multiplying Potential

Customer/Customer's loaned gas balance by the greater of the

"Gas Daily" "Texas Eastern, M-1" or the "Gas Daily"

"Tennessee La, 500 Leg" index price, plus the maximum

applicable transportation & fuel costs associated with

delivery of loaned gas to the respective Operator

interconnection point with the respective interstate

pipeline for the period under which the loaned gas is

schedule to be returned pursuant to Potential

Customer/Customer's storage service agreement(s). Operator

shall calculate Potential Customer/Customer's market value

of loaned gas on a daily basis. If the "Gas Daily" index for

either "Texas Eastern, M-1" or "Tennessee La, 500 Leg"

should no longer be published, Operator, in its sole

discretion, will determine a suitable replacement index that

will reflect the market price at the Operator's

interconnection point with the respective interstate

pipeline.