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.