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

(Continued)

 

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

finds acceptable.

 

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

priority.