MidContinent Express Pipeline LLC

Original Volume No. 1

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Effective Date: 04/10/2009, Docket: RP09-136-000, Status: Effective

Original Sheet No. 62 Original Sheet No. 62

 

RATE SCHEDULE PALS

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(i) any parked quantity not removed within the

time frame specified by MEP's notice shall be purchased by MEP at 50%

of the Average Weekly Index Price (AWIP) that includes the date upon

which MEP's notice was given;

 

(ii) any borrowed quantity not returned within

the time frame specified by MEP's notice shall be sold to Shipper at

150% of the AWIP that includes the date upon which MEP's notice was

given.

 

(b) In the event parked quantities remain in MEP's system

and/or borrowed quantities have not been returned to MEP's system at

the expiration of any PALS Request Order executed by Shipper and MEP,

MEP and Shipper may negotiate to mutually agree to an extended time

frame and/or modified terms, including the rate, of such PALS Request

Order. In the event that Shipper and MEP are unable to come to such

agreement, MEP shall notify Shipper and Shipper shall remove the

parked quantities and/or return the borrowed quantities within the

time frame specified in MEP's notice, which in no instance shall be

less than one (1) calendar day. During a Critical Time, any parked

quantities not removed within the time frame specified by MEP's

notice shall be purchased by MEP at 50% of the applicable AWIP that

includes the date upon which MEP's notice was given. Any borrowed

quantities not returned within the time frame specified by MEP's

notice shall be sold to Shipper at 150% of the applicable AWIP that

includes the date upon which MEP's notice was given.

 

During a non-Critical Time, any parked quantities not

removed within the time frame specified by MEP's notice shall be

purchased at 65% of the AWIP. If, however, Shipper is unable to

nominate quantities under the PALS Rate Schedule to remove such

parked quantities due to an interruption on MEP's system, MEP shall

waive the penalty (i.e., purchase of gas at 65% of the applicable

AWIP that includes the date upon which MEP's notice was given) for a

term equal to the greater of: (i) five (5) business days; or (ii)

the duration of the interruption. Any borrowed quantities not

returned within the time frame specified by MEP's notice shall be

sold to Shipper at 135% of the applicable AWIP that includes the date

upon which MEP's notice was given.