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. 153 Original Sheet No. 153

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8. CAPACITY RELEASE (Continued)

 

8.3 Posting and Bidding Timeline (Continued)

 

(d) Releases Not Subject to Bidding (Continued)

 

For a capacity release to a Prearranged Customer that is exempt from

bidding due to a transaction with a duration of thirty-one (31) days or

less, such Prearranged Customer may not consummate a release with

any Customer that utilizes the same capacity or overlaps such capacity

without such release being subject to the bidding requirement if

such Customer has, within the prior twenty-eight (28) consecutive

days, released capacity to such Prearranged Customer, which prior

release was not subject to the bidding requirements of this Section 8.

 

Operator shall post offers and bids, including prearranged deals,

upon receipt, unless Releasing Customer requests otherwise. If a

Releasing Customer requests a posting time, Operator shall support

such request insofar as it comports with the standard timeline. A

Releasing Customer cannot specify an extension of the original bid

period or the prearranged deal match period, without posting a

new release.

 

8.4 Prearranged Releases. Customer may designate an entity (a prearranged

designated Replacement Customer) to which it has agreed to release the

capacity upon specified terms and conditions. Customer's offer to

release under such a prearranged transaction shall be subject to the

posting and bidding procedures described in Sections 8.5 and 8.6,

herein, with the prearranged designated Replacement Customer being

given a right to match the best bid submitted during the bid period;

provided, however, if a prearranged transaction with a designated

Replacement Customer is for a period of thirty-one (31) days or less,

is with an asset manager (as defined in Section 284.8(h)(3) of the

Commission's Regulations) or is with a marketer participating in a

state-regulated retail access program (as defined in Section 284.8(h)(4)

of the Commission's Regulations), the Releasing Customer shall provide

notice to Operator in accordance with this section and may implement the

release without complying with such prior posting and bidding procedures.

Notice of such exempted releases shall be posted on the Web Site in

accordance with Section 8.3 herein.