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. 166 Original Sheet No. 166

 

GENERAL TERMS AND CONDITIONS

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(b) Operational Purchases and Sales

 

(1) Except in the situations outlined in

subsection (2) below, MEP will post its operational purchases and

sales quantities for bidding on its interactive website in accordance

with the applicable bidding provisions which shall be posted at the

time of the purchase or sale, or some other trading platform such as

the Intercontinental Exchange (ICE). MEP reserves the right, in its

sole discretion to:

 

(i) withdraw its postings at any time;

 

(ii) reject all bids due to operational

changes; and

 

(iii) reject any bids which do not meet or

which contain modifications to the terms of the posting or which

contain terms that are operationally unacceptable.

 

(2) MEP will not be required to post operational

purchases and sales quantities for bidding if MEP has declared a

Critical Time or if such purchases and sales were necessary to avoid

the Critical Time.

 

(c) MEP will file an annual report on operational

purchases and sales which will indicate the source of the gas, date

of the purchase/sale, volumes, purchase/sale price, costs and

revenues from the purchase/sale, and the disposition of the costs and

revenues. The report will be filed within 90 days of the end of each

calendar year.

 

10.7 THIRD PARTY BALANCING

 

At any time during the term of its firm Agreement(s) on

MEP, a firm Shipper may request that MEP enter into a Third Party

Balancing Agreement. A Third Party Balancing Agreement is a contract

executed by MEP, the firm Shipper and one or more third parties which

agree to manage imbalances of that Shipper under specified firm

Agreement(s) on MEP. MEP will enter into a Third Party Balancing

Agreement, subject to the following conditions:

 

(a) The third party provider(s) is responsible for

obtaining all necessary regulatory approvals of any service

(certification, approval of tariffs, establishment of rates, etc.)

which is being relied upon to perform the imbalance management;