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