Monroe Gas Storage Company, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/29/2009, Docket: RP09-447-000, Status: Effective

Original Sheet No. 123 Original Sheet No. 123

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

2. CONTRACTING FOR STORAGE SERVICE (Continued)

 

2.6 Open Season (Continued)

 

(b) Notice of open season. Notice of the availability of new firm

storage capacity for which Operator has elected to hold an open

season pursuant to Section 2.6(a) above shall be posted on

Operator's Internet Web Site and shall set forth when the open

season begins and ends, where interested parties may submit

requests for Firm services, the minimum rates, if any, Operator

will accept for the available capacity, and how interested parties

may submit requests for service and additional details about the

open season.

 

(c) Duration. The open season shall commence at the time and date

specified and for the term indicated in the notice of open season.

During this time, Operator will accept requests for the Firm

service to be available in its facilities.

 

(d) Bid Evaluation. During an open season, Operator will accept bids

for firm storage from Potential Customers. Specifically, Operator

shall evaluate bids and award capacity, based on one of the

following methods, as identified in the notice of the open season:

(i) the highest present value of the reservation charges or other

source of guaranteed revenue to be received by Operator over the

term of each Service Agreement; (ii) the highest reservation

charge, or other source of guaranteed revenue, bid; or (iii) an

alternative objective and not unduly discriminatory method chosen

by Operator and posted at least three (3) Days prior to when the

capacity is posted for bidding. In the notice of the open season,

Operator shall specify an objective, not unduly discriminatory

method for allocating capacity in the event of equivalent bids

from more than one Potential Customer.

 

(e) Requests Exceeding Available Capacity. Should requests for firm

storage exceed available capacity during the allocation process of

an open season, capacity will first be allocated to the highest

present value bids received for Firm service. When remaining

unallocated capacity is not sufficient to meet the next highest

present value bidder's capacity requirements for Firm service,

that next highest bidder has the option of declining the remaining

capacity. Operator will then offer the remaining capacity to the

next highest bidder, until all the remaining capacity is

allocated.