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. 109 Original Sheet No. 109

 

GENERAL TERMS AND CONDITIONS

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1.27 MONTH

 

"Month" shall mean the period beginning on the first day

of any calendar month and ending on the first day of the next

succeeding calendar month.

 

1.28 NEGOTIATED RATE

 

The term "Negotiated Rate" shall mean a rate provision

under which MEP and Shipper have agreed on the amount to be charged

for the service under Rate Schedule FTS, ITS, PALS or IBS which

results in a rate where, for all or a portion of the contract term,

one or more of the individual components of such rate exceeds or may

exceed the applicable maximum rate or is less than or may be less

than the applicable minimum rate. Any Agreement entered into which

provides for a rate under Rate Schedule FTS, ITS, PALS or IBS other

than the applicable maximum rate shall contain a provision setting

out the mutual agreement of the parties, consistent with Commission

policy, as to whether the pricing terms represent a discounted rate

or a Negotiated Rate. A Negotiated Rate arrangement may cover Fuel

Gas, Unaccounted For Gas and/or Booster Compression fuel. A

Negotiated Rate Arrangement may apply to Leased Capacity as well as

other capacity on MEP's System.

 

1.29 NEGOTIATED RATE FORMULA

 

The term "Negotiated Rate Formula" shall mean a rate

formula provision which MEP and Shipper have agreed will be applied

to service under Rate Schedule FTS, ITS, PALS or IBS which results in

a rate where, for all or a portion of the contract term, one or more

of the individual components of such rate exceeds or may exceed the

applicable maximum rate or is less than or may be less than the

applicable minimum rate. Any Agreement entered into which provides

for a rate under Rate Schedule FTS, ITS, PALS or IBS other than the

applicable maximum rate shall contain a provision setting out the

mutual agreement of the parties, consistent with Commission policy,

as to whether the pricing terms represent a discounted rate or a rate

pursuant to a Negotiated Rate Formula. A Negotiated Rate Formula

arrangement may cover Fuel Gas, Unaccounted For Gas and/or Booster

Compression fuel. A Negotiated Rate Arrangement may apply to Leased

Capacity as well as other capacity on MEP's System.