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. 119 Original Sheet No. 119
GENERAL TERMS AND CONDITIONS
(Continued)
2. CONTRACTING FOR STORAGE SERVICE (Continued)
2.3 Creditworthiness (Continued)
(d) Termination Based on Non-Creditworthiness
(1) If at any time Operator reasonably determines that Customer
does not meet the minimum acceptable credit standard set
forth in Section 2.3(b)(1) of these General Terms and
Conditions and Customer has not already provided an
alternative form of security as provided for in Section
2.3(c) of these General Terms and Conditions, Operator may
notify Customer in writing that Customer must provide one or
more of the alternative forms of security specified in
Section 2.3(c) of these General Terms and Conditions. If
within five (5) Business Days of such notice Customer has
not provided an alternative form of security as specified in
Section 2.3(c), Operator may, upon notice to Customer,
suspend service immediately. Operator may, upon notice to
the Commission, simultaneously serve Customer a notice of
termination of the Service Agreement, such termination to be
effective thirty (30) days from the date of such notice
unless prior to the termination date Operator has received
the necessary assurance or alternative form of security as
required hereunder. Operator may also exercise any other
remedy available to Operator hereunder, at law or in equity.