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. 168 Original Sheet No. 168
GENERAL TERMS AND CONDITIONS
(Continued)
8. CAPACITY RELEASE (Continued)
8.14 Operator's Rights to Terminate Temporary Capacity Releases (Continued)
(b) In the event that a Customer has received 30 Days' notice of
termination of the Addendum to Customer's Capacity Release
Umbrella Agreement pursuant to Section 8.14(a) above for storage
service and there is gas in storage for Customer's account at the
end of such 30-Day period, the Addendum shall continue in force
and effect for the sole purpose of withdrawal of said gas by
Customer until Customer's Storage Inventory is zero. Operator
shall require Customer to withdraw each day a quantity equal to
the MDWQ, or such other lesser quantity acceptable to Operator.
The requirement to withdraw storage quantities shall be suspended
on any day to the extent that Operator cannot accommodate a
nomination to withdraw such storage quantities on such day.
Customer may also transfer title of gas remaining in Customer's
Storage Inventory to another Customer pursuant to Section 17 (Gas
Title Transfers) of Operator's General Terms and Conditions. In
the event Customer fails to withdraw its entire Storage Inventory
within the time required by this Section, Operator shall auction
any remaining Storage Inventory and credit the proceeds of such
sale to Customer, net of withdrawal charges and fuel, if
applicable. Customer shall indemnify Operator and hold it harmless
from all costs, damages, and liabilities arising out of the
failure of Customer to remove such Storage Inventory and the
disposal of such Storage Inventory by sale by Operator. When the
gas is purchased at auction, Customer purchasing the gas must
provide identification of the existing storage service agreement
with Operator under which Customer shall store all such gas
purchased. Customer purchasing the gas agrees to pay the
applicable storage rate on the gas purchased beginning on the date
the bid was accepted at auction.