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.