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. 203 Original Sheet No. 203

 

GENERAL TERMS AND CONDITIONS

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(3) Whether the capacity being released is

subject to recall and/or reput in the Prearranged Release and, if so,

the exact conditions of such recall and/or reput (which conditions

must conform with Sections 14.5 and 14.14); and

 

(4) The proposed effective date of the

Prearranged Release and the proposed term of the Prearranged Release.

 

(c) Whether the Releasing Shipper will accept

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

purchase of upstream or downstream capacity), and if so, what events

and the last date by which such contingency must be fulfilled;

 

(d) Whether the Releasing Shipper will accept

Qualified Bids with longer terms or larger volumes, and if so, what

is the maximum volume and the longest term the Releasing Shipper will

accept;

 

(e) Whether the Releasing Shipper wants MEP to

actively market its capacity rights subject to the Prearranged

Release pursuant to Section 15 of these General Terms and Conditions;

 

(f) The starting date for and the length of time for

the open season (which must conform to Section 14.7) and the length

of time [consistent with Section 14.9(b)] for the Prearranged Shipper

to be able to match a winning Qualified Bid;

 

(g) 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);

 

(h) Which of the bid evaluation procedures set forth

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

 

(i) 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;

 

(j) 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;