MidContinent Express Pipeline LLC

Original Volume No. 1

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Effective Date: 07/17/2010, Docket: RP10-849-000, Status: Effective

First Revised Sheet No. 206 First Revised Sheet No. 206

Superseding: Original Sheet No. 206

 

GENERAL TERMS AND CONDITIONS

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(2) Except in the case of a permanent release,

no Replacement Shipper or Subreplacement Shipper shall have the right

to change the primary Receipt or Delivery Points listed in the

Eligible Firm Transportation Agreement, unless the Original Shipper

and MEP agree to amend the Eligible Firm Transportation Agreement to

accordingly change the primary points. Point designations for

segmented released are governed by Section 6.13 of these General

Terms and Conditions.

 

(3) (i) The maximum rates that may be bid and

charged for a Released Firm Transportation Agreement that is for a

term greater than one (1) year are the higher of the maximum lawful

rates applicable to the Eligible Firm Transportation Agreement held

by the Original Shipper or the Negotiated Rate (or rate under a

Negotiated Rate Formula) being paid by the Releasing Shipper. If the

Releasing Shipper is paying a Negotiated Rate or a rate under a

Negotiated Rate Formula pursuant to Section 30 of these General Terms

and Conditions, a Qualified Bidder may not bid a rate which exceeds

the higher of such rate or the applicable Recourse Rate. A qualified

Bidder may bid a rate form which would be a Negotiated Rate or

Negotiated Rate Formula if and only if the rate form is one

explicitly recognized in MEP's Tariff as available for capacity

releases (such as volumetric rates). Notwithstanding the foregoing,

a release of Leased Capacity may not be at a rate which exceeds the

Leased Capacity Charges in effect from time to time.

 

(ii) There is no maximum rate limitation

applicable to bids for capacity release for a term of one (1) year or

less, if the release is to take effect on or before one (1) year from

the date on which MEP is notified of the release.

 

(4) Unless otherwise agreed, in no event shall

any Negotiated Rate (or rate under a Negotiated Rate Formula) which

is less than the Recourse Rate apply to overrun quantities.

 

(e) A Capacity Release Request may include the right

by a Releasing Shipper to recall all or part of the capacity, and/or

to reput all or part of the recalled capacity, at any time and from

time to time. All recalls or reputs must be made in accordance with

the other provisions of MEP's Tariff, including Section 14.14 of

these General Terms and Conditions.