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. 209 Original Sheet No. 209

 

GENERAL TERMS AND CONDITIONS

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(c) A Releasing Shipper may not specify an extension

of an open season or the match period for a Prearranged Release.

Rather, the Releasing Shipper must submit a new Capacity Release

Request.

 

14.8 QUALIFIED BIDS FOR RELEASED CAPACITY RIGHTS

 

(a) At any time during an open season, a Qualified

Bidder may submit a Qualified Bid to MEP's Interactive Website (or in

writing for posting on MEP's Interactive Website if MEP's Interactive

Website is unavailable for receiving Qualified Bids) seeking released

capacity rights under a Capacity Release Request. In addition to

being prequalified for credit pursuant to Section 14.15, each

Qualified Bid must include the following:

 

(1) The Qualified Bidder's legal name, address,

phone number, telefax number, the name and title of the individual

responsible for authorizing the Qualified Bid and identification of

the capacity rights for which the Qualified Bid is made;

 

(2) The term for the purchase;

 

(3) A Minimum Bid Volume and a Maximum Bid Volume

(in Dth per Day);

 

(4) The fixed reservation charge and/or

volumetric charge that the Qualified Bidder agrees to pay for the

capacity (and if a volumetric charge, any minimum amount to be billed

as a reservation charge, which must be equal to or greater than any

such amount designated by the Releasing Shipper);

 

(5) A statement that the Qualified Bidder agrees

to all the terms and conditions of the Capacity Release Request, with

only the modifications as expressly provided in its Qualified Bid,

which modifications must be permitted by the Capacity Release Request

and must conform with the requirements in Section 14. In the event

that the Releasing Shipper has stated that Qualified Bid(s) may be

contingent upon subsequent events and the Qualified Bidder submits

such a contingent Qualified Bid, then the Qualified Bidder must state

in full the nature of the condition and the last date by which the

Qualified Bid is null and void if the contingency does not occur; and