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.