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. 184 Original Sheet No. 184

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

17. GAS TITLE TRANSFERS

 

17.1 Title Transfers of Gas in Storage

 

(a) A Customer that has executed a Service Agreement under Rate

Schedules FSS, ISS, EPS, ELS, IPS or ILS may sell Storage

Inventory to any other Customer that has executed a Service

Agreement under Rate Schedules FSS, ISS, EPS, ELS, IPS, and ILS

if:

 

(1) Customer selling Storage Inventory provides notification to

Operator's dispatcher prior to the nomination deadline and

Operator with written verification of the transfer within

three (3) Business Days;

 

(2) The purchase does not cause any other Customer to exceed its

MSQ, Maximum Park Quantity or Maximum Loan Quantity, as

applicable, and as specified in Customer's Service

Agreement, or cause either Customer's Storage Inventory

balance to go below zero;

 

(3) Operator determines, in its sole discretion exercised within

24 hours after receiving the notification, that such

purchase will not affect Operator's ability to meet its

obligations to existing Customers or the operations of its

storage facilities, including any effect resulting from

differences between the withdrawal and injection

entitlements and service profiles of the Customer transferor

and transferee.

 

(b) Operator will recognize the transfer for purposes of computing

available Storage Inventory on a prospective basis within 24 hours

after receiving the notification. In the event the required

written verification is not received, the transfer will no longer

be recognized and the Storage Inventory for each Customer will be

restated to reflect the reversal of the transfer.

 

(c) For each title transfer of gas in storage performed by Customer

under this Section, Customer shall pay the gas title transfer rate

set forth in Customer's Service Agreement.