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. 119 Original Sheet No. 119

 

GENERAL TERMS AND CONDITIONS

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(ii) The posting requirements and minimum

posting and bidding periods for an Additional Open Season shall be

the same as for an Initial Open Season under Section 2.1(b)(1),

except that MEP will post any additional items necessary to comply

with this Section 2.1(b)(3).

 

(iii) In the Additional Open Season, MEP may

limit the firm capacity available to that defined in the posting and

may make such defined firm capacity available only for a specified

term or range of terms, which limitation(s) must be included in the

posting.

 

(iv) In the Additional Open Season, bids

may be on a Negotiated Rate or Negotiated Rate Formula basis to the

extent specified in the posting. MEP may limit the form of Negotiated

Rate or Negotiated Rate Formula submitted, in which case that

limitation must be reflected in the posting. Bids may always be

submitted in the basic rate design then in effect on MEP's System at

the applicable maximum rate.

 

(v) MEP may, but is not required to,

establish a reserve price or reserve price matrix in an Additional

Open Season, consistent with Section 2.1(c)(5) of these General Terms

and Conditions.

 

(4) SPREADSHEETS

 

Contemporaneous with posting of an open

season, MEP shall make available (subject to reasonable user

requirements) electronic spreadsheets setting out the analyses which

will be used to determine the winning bid(s), in a format which will

allow the user to calculate net present value.

 

(5) CONDITIONS ON REQUESTS AND BIDS

 

This subsection sets out conditions

applicable to all requests and bids for firm capacity. MEP shall

reject any request or bid for service which may detrimentally impact

the operational integrity of MEP's System (if MEP rejects a bid or

request on this basis, it will provide a written explanation of the

operational basis for this action); which does not satisfy all the

terms of an applicable posting or tariff provision and/or does not