Mogas Pipeline LLC (Fomerly Missouri Interstate Gas)

First Revised Volume No. 1

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Effective Date: 06/01/2008, Docket: CP06-407-002, Status: Effective

Original Sheet No. 73 Original Sheet No. 73 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

21. Capacity release program

 

21.1 Definitions

 

(a) The term "Approved Bidder" shall mean any potential Bidder

that has met Transporter's credit criteria as set forth in

Section 6.2 of these General Terms and Conditions and has

executed a Capacity Release Agreement.

 

(b) The term "Best Bid" shall mean the qualifying Bid

of the highest value that meets the objective and

nondiscriminatory economic standard set forth in the Releasing

Shipper's Release Offer, and that meets all other terms and

conditions of the Release offer;

 

(c) The term "Bid:" shall mean an offer to take

assignment of capacity pursuant to a Release Offer subject to

this Section.

 

(d) The term "Highest Rate" shall mean the highest unit

rate (expressed in dollars) submitted in a Qualifying Bid.

 

(e) The term "Master Capacity Release Agreement" shall

mean the form of service agreement set forth in this tariff that

must be executed by a Potential Bidder that has met Transporter's

credit criteria pursuant to Section 6.4 of these General Terms

and Conditions in order to contract for capacity offered for

release.

 

(f) The term "Maximum Firm Transportation Charge" shall

mean Transporter's maximum applicable tariff reservation rate(s)

applicable to the released capacity, plus all fees, surcharges,

transition, or other costs owed by the Releasing Shipper to

Transporter.

 

(g) The term "Net Revenue" shall mean the amount

calculated as provided in Section 21 below multiplied by the

release term (in months).

 

(h) The term "Potential Bidder" shall mean any person

or entity who desires to place a bid for a Release Offer pursuant

to this Section.

 

(i) The term "Pre-Arranged Release" shall mean the

binding agreement between a Releasing Shipper and a Pre-Arranged

Replacement Shipper pertaining to the release of firm capacity,

subject to this section 21.

 

(j) The term "Pre-Arranged Replacement Shipper" shall

mean a person or entity who has entered into a Pre-Arranged

Release with a Releasing Shipper for firm capacity rights.

 

(k) The term "Qualifying Bid" shall mean an offer from

an Approved Bidder to take assignment of capacity pursuant to a

Release Offer that meets the minimum terms and conditions of the

Release offer and the terms and conditions of this tariff.