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. 124 Original Sheet No. 124
GENERAL TERMS AND CONDITIONS
2. CONTRACTING FOR STORAGE SERVICE (Continued)
2.6 Open Season (Continued)
(f) Tied Bids. Should the next highest present value bid in Section
2.6(d) above be submitted by two or more Customers (e.g., tied
bids) and there is insufficient remaining capacity available to
serve such Customers, then capacity will be allocated to Customers
on a pro rata basis.
(g) Execution of agreements. A Customer allocated service in an open
season shall be required to execute a Service Agreement for Firm
service pursuant to the requirements of Section 2 herein,
including the creditworthiness requirements.
(h) First-Come, First-Served Allocation. Firm storage capacity that is
available or becomes available in Operator's facilities, and for
which Operator determines pursuant to Section 2.6(a) that an open
season will not be held, shall be posted on Operator's website and
shall be offered and allocated on a first-come, first-served basis
to Customers offering to pay a rate for service that Operator
2.7 Allocation of Available Capacity. Capacity will be allocated, pursuant
to Sections 2.6(d), (e) and (f) of these General Terms and Conditions,
to the bid producing the highest Net Present Value ("NPV"), using the
methodology set forth by Operator at the time capacity is made
available, and which also meets all terms and conditions specified by
Operator as set forth in any open season documents provided to Potential
Customer by Operator, if applicable.
2.8 Priority of Service. In all instances, Firm service will have a superior
priority to Interruptible service.
(a) In the event that Operator must restrict Firm service, such
service will be restricted on a pro rata basis based on each
Customer's applicable Maximum Storage Quantity. In the event that
such action must be taken, Operator will notify Customer by way of
email or facsimile at Operator's option.
(b) Interruptible storage service will be restricted based on price,
where Customers paying the highest price receive the highest