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. 167 Original Sheet No. 167
GENERAL TERMS AND CONDITIONS
(Continued)
8. CAPACITY RELEASE (Continued)
8.14 Operator's Rights to Terminate Temporary Capacity Releases.
(a) In the event of a temporary release for which (i) Operator has
given notice of termination of the Releasing Customer's contract
because the Releasing Customer no longer satisfies Operator's
credit requirements as outlined in Section 2.3(d) of these General
Terms and Conditions and (ii) the reservation charge specified in
the effective Addendum to the Replacement or Prearranged
Customer's Capacity Release Umbrella Agreement is less than the
level of the reservation charge which the Releasing Customer was
obligated to pay Operator, then Operator shall be entitled to
terminate the Addendum, upon 30 Days' written notice to the
Replacement or Prearranged Customer, unless the Replacement or
Prearranged Customer agrees prior to the end of said 30-Day notice
period to pay for the remainder of the term of the Addendum either
(a) the reservation and commodity charges at levels which the
Releasing Customer was obligated to pay Operator, or (b) such rate
as mutually agreed to by Operator and Replacement or Prearranged
Customer. Customer may elect to pay the lesser of the two
foregoing options. Operator's right to terminate the Addendum is
subject to Operator providing written notice of termination to the
Replacement or Prearranged Customer within 60 Days of the
determination by Operator that the Releasing Customer no longer
satisfies Operator's credit requirements. Termination of the
Addendum shall not occur prior to termination of the Releasing
Customer's contract.