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. 120 Original Sheet No. 120

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

2. CONTRACTING FOR STORAGE SERVICE (Continued)

 

2.3 Creditworthiness (Continued)

 

(d) Termination Based on Non-Creditworthiness (Continued)

 

(2) Any suspension of service pursuant to this Section 2.3(d)

shall continue until Operator terminates the Service

Agreement or until Customer achieves the minimum acceptable

credit standard or has provided an alternative form of

security as required pursuant to Section 2.3(c) of these

General Terms and Conditions. Customer shall not be required

to pay reservation charges during such suspension. At any

time during such suspension, Customer may request Operator

determine that Customer has achieved the minimum acceptable

credit standard as specified in Section 2.3(b)(1) of these

General Terms and Conditions.

 

(3) Upon issuing any notice to Customer of suspension of service

or termination of a Service Agreement pursuant to Section

2.3(d)(1) of these General Terms and Conditions, Operator

shall simultaneously notify the Commission of such

suspension or termination.

 

(4) Customer may not recall any capacity if Operator has given

notice of suspension or termination as provided for in

Section 2.3(d)(1) of these General Terms and Conditions

unless and until Operator determines that Customer satisfies

the creditworthiness criteria set forth in these General

Terms and Conditions.

 

(5) Operator may terminate a release of capacity to a

Replacement Customer if the Releasing Customer's Service

Agreement is terminated, provided that the Replacement

Customer may continue receiving such service if it agrees to

pay, for the remaining term of the Replacement Customer's

contract, the lesser of (i) the Releasing Customer's

contract rate; (ii) the maximum tariff rate applicable to

Customer's capacity; or (iii) some other rate acceptable to

Operator.