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. 200 Original Sheet No. 200







28.1 In the event that Operator holds an auction for gas quantities retained

pursuant to Section 8 of Rate Schedules FSS, ISS, EPS, ELS, IPS or IBS,

Operator shall post such quantities on the EIM System on the fifth (5th)

Business Day following the fifteenth (15th) Day of the Month. Operator

shall accept bids only during the time period from 7:00 A.M. until 11:00

A.M. CT on the seventh (7th) Business Day following date of the posting.

Operator shall sell the quantities to Customer submitting the highest

bid, and shall notify such Customer prior to 4:00 P.M. CT of the same

day on which Operator accepts the bids; provided, however, Operator

reserves the right to reject all bids. When the gas is purchased at

auction, Customer must provide identification of the existing storage

Service Agreement with Operator under which Customer shall store the gas

in Operator's Facilities.


28.2 Operator shall credit the net proceeds received from such an auction to

all Customers that did not have gas sold during the subject auction

("Qualifying Customer") based on the ratio of the total charges paid by

each Qualifying Customer for service to the total amount of such charges

paid by all Qualifying Customers during the Month in which the auction

of the gas occurred. For the purposes of this Section, the term "net

proceeds" shall mean the total proceeds received from the auction less

the accumulated charges pursuant to the applicable Rate Schedule for the

agreement held by Customer winning the bid.


Such credits shall be calculated for each Month of the twelve (12) Month

period ending July 31 of each year and will be included on the

Qualifying Customers' invoice for the Month following the date of the

final Commission order approving Operator's penalty disbursement report;

provided, however, that Operator will calculate and include such credits

on Qualifying Customers' invoices for a period shorter than twelve

months in the event and to the extent that the total accumulated amount

of penalty revenue collected pursuant to this Section 28 by Operator as

of the end of any Month exceeds $1,000,000. Operator will file a penalty

disbursement report with the Commission within sixty (60) Days of July

31 or sixty (60) Days after the end of the Month in which the revenue

collected exceeds $1,000,000. Any penalty revenue credited to Qualifying

Customers pursuant to this section shall include interest calculated in

accordance with Section 154.501(d) of the Commission's regulations.