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. 116 Original Sheet No. 116

 

GENERAL TERMS AND CONDITIONS

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(iv) In the Initial Open Season, all bids must be

submitted in the basic rate design then in effect on MEP's system and

are constrained by the applicable maximum and minimum rates. No bid

with rates in the form of a Negotiated Rate or Negotiated Rate

Formula will be valid in an Initial Open Season.

 

(v) MEP shall establish a reserve price or

reserve price matrix in every Initial Open Season, consistent with

Section 2.1(c)(5) of these General Terms and Conditions.

 

(vi) Unless otherwise specified in the posting, a

bidder may bid on all or any portion of the term for which the firm

capacity is available and on all or any portion of the capacity

available. MEP shall make firm capacity available without any term

limit unless that firm capacity is committed at some future time

under a then existing contract or that firm capacity is operationally

available only for a limited period of time. Any term limit shall

reflect such a contractual or operational constraint. MEP shall

specify any such term limit, and the reasons for the term limit, in

the posting. MEP may only impose minimum volume, geographical or term

requirements on bids for operational reasons, such as maintaining

pressure or sustaining the minimum level of prudent facility

operations on any affected portion(s) of its System.

 

(vii) MEP shall have the right to terminate an

Initial Open Season through a termination posting if there is a

material error in the Initial Open Season posting, which error shall

be explained in the termination posting. MEP shall have the right to

extend an Initial Open Season for good cause, as explained in the

extension posting, or as specified in the original Initial Open

Season posting.