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.