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. 154 Original Sheet No. 154

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8. CAPACITY RELEASE (Continued)

 

8.5 Posting. Following receipt of a notice of offer to release capacity

which satisfies the requirements set forth in this Section 8, Operator

will post such information on its Web Site in accordance with the

timeline set forth in Section 8.3 herein. Operator shall also post

offers to purchase capacity from those who desire current Customers to

release capacity upon receipt of the applicable information as set forth

in this Section 8.

 

8.6 Bidding and Selection of Replacement Customer. All bids must contain the

applicable information required in this Section 8. If Releasing Customer

desires to solicit bids for releases of thirty-one (31) days or less, it

may direct Operator to post notice of the availability of such capacity

and, in lieu of permitting bids during the otherwise applicable posting

period, award the capacity to the bidder which submits first in time a

valid bid meeting any minimum terms specified by the Releasing Customer.

Any bid submitted by a Replacement Customer shall include an e-mail

address for at least one contact person, and it is Customer's

responsibility to update e-mail address information provided to

Operator, as necessary. A bidder may not have more than one eligible bid

for the same release offer at any time. Bids shall be binding until

written or electronic notice of withdrawal is received by Operator

before the end of the bid period. Bids cannot be withdrawn after the bid

period ends. Once a bid is withdrawn, that bidder may only submit a new

bid pursuant to that release offer if it is at a higher rate than the

withdrawn bid. Operator shall evaluate the bids in accordance with the

provisions of this Section 8 and determine the best bid in accordance

with the timelines set forth in Section 8.3 herein. Operator shall not

award capacity release offers to the Replacement Customer until and

unless the Replacement Customer meets Operator's creditworthiness

requirements applicable to all services that it receives from Operator,

including the service represented by the capacity release. Further,

Operator shall not award capacity release offers to the Replacement

Customer until and unless it is reasonable to do so and Operator's

lenders agree to so discharge the capacity. Operator shall notify

Releasing Customer, the best bidder, and any prearranged designated

Replacement Customer of such determination in accordance with the

timelines set forth in Section 8.3 herein. If there is a prearranged

designated Replacement Customer, it may exercise its right to match such

best bid by providing written notice of such exercise to Operator and

Releasing Customer in accordance with the timelines set forth in Section

8.3 herein.