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. 160 Original Sheet No. 160

 

GENERAL TERMS AND CONDITIONS

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Shipper may be in writing or on MEP's Interactive Website and shall

be effective by 8:00 a.m. on the next Business Day (Central Clock

Time) if the notification is received by 11:45 a.m. on a Business

Day. Imbalance information authorized for posting through such

notification shall be posted no later than the ninth Business Day of

the Month after the imbalance occurred. Shippers shall have the

ability to post and trade imbalances until the seventeenth Business

Day of the Month after the imbalance occurred; provided, however,

that imbalances can only be traded within the Operational Impact

Areas defined in Section 10.4(d) of these General Terms and

Conditions.

 

(c) MEP shall enable the imbalance trading process via

its Interactive Web Site or other mutually agreeable electronic means

by:

 

(1) Receiving the Request for Imbalance Trade,

 

(2) Receiving the Imbalance Trade Confirmation,

 

(3) Sending the Imbalance Trade Notification, and

 

(4) Reflecting the trade prior to or on the next

Monthly Shipper Total Aggregate Imbalance or cashout.

 

(d) Imbalance trades can only be withdrawn by the

initiating trader and only prior to the confirming trader's

confirmation of the trade. Imbalance trades are considered final

when confirmed by the confirming trader and effectuated by MEP.

 

(e) After receipt of an Imbalance Trade Confirmation,

MEP shall, upon review and approval, effectuate the Imbalance Trade

Notification to the initiating trader and the confirming trader no

later than noon (Central Clock Time) the next Business Day.

 

(f) All trade requests for trades and accommodations

will be initiated via Interactive Website or other mutually agreeable

electronic means.

 

(g) Subject to Section 10.3 below, any Shipper

imbalance remaining after the netting and trading process will be

cashed out each Month by Operational Impact Area pursuant to Section

10.4.