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. 201 Original Sheet No. 201

 

GENERAL TERMS AND CONDITIONS

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(d) The proposed effective date and proposed term of

the release;

 

(e) Whether the Releasing Shipper wants MEP to

actively market the Releasing Shipper's capacity rights pursuant to

Section 15 of these General Terms and Conditions;

 

(f) Whether the Releasing Shipper will accept

Qualified Bids which are contingent on subsequent events (such as the

subsequent purchase of upstream or downstream capacity), and if so,

what events and the last date by which such contingency must be

fulfilled;

 

(g) The starting date for the open season and the

length of time for the open season (which must conform to Section

14.7);

 

(h) Whether the Releasing Shipper will accept

Qualified Bids whose revenues will vary by the volume transported,

and if so, any minimum amount to be billed as a reservation charge

even if there is no flow (or insufficient flow);

 

(i) Which of the bid evaluation procedures set forth

in Section 14.10 the Shipper wishes to use, if any;

 

(j) Whether the Qualified Bids are to specify dollars

and cents and/or percentage of the maximum tariff rate, or an index

based formula as detailed in the Capacity Release Request;

 

(k) Under a release of storage capacity, whether the

capacity being released is subject to certain conditions on the sale

and/or repurchase of gas in storage inventory and on there being a

certain amount of gas left in storage at the end of the release and

if so, any such conditions; and

 

(l) Any other applicable conditions (which must

conform to Section 14.5), including any minimum price condition and

whether the Releasing Shipper wishes to apply a bid evaluation

procedure different than the bid evaluation procedure set forth in

Section 14.10 for evaluating Qualified Bids for its capacity rights,