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. 211 Original Sheet No. 211

 

GENERAL TERMS AND CONDITIONS

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(e) A Qualified Bid received by MEP during an open

season shall be posted by MEP on its Interactive Website system,

without the name of the Qualified Bidder. A Qualified Bid may be

withdrawn by the Qualified Bidder prior to the close of the open

season, but may not be withdrawn thereafter. Following such

withdrawal, the Qualified Bidder cannot bid for the same capacity

during the open season at a lower rate.

 

(f) All Qualified Bids must be consistent with all

provisions of MEP's Tariff. Any Qualified Bid inconsistent with MEP's

Tariff or the applicable Capacity Release Request shall be null and

void.

 

14.9 AWARDING OF RELEASED CAPACITY; EFFECTIVE DATE; GAS

NOMINATIONS

 

(a) For a Prearranged Release for which no open season

is required under Section 14.6 and which is received at least one (1)

hour prior to a nomination deadline on a Day, MEP shall award the

capacity to the Prearranged Shipper within one (1) hour after release

notification, provided that all applicable provisions of this Section

14 have been complied with.

 

(b) As to any other Prearranged Release, in the event

there was no winning Qualified Bid(s) with a higher total Bid Value

than the Prearranged Shipper's Bid Value, MEP shall notify the

Prearranged Shipper. If, during an open season, the winning Qualified

Bid(s) have a higher total Bid Value than the Bid Value of the

Prearranged Release under the bid valuation procedure selected by the

Releasing Shipper, MEP shall notify the Prearranged Shipper of the

terms and conditions of the winning Qualified Bid(s), except for any

identification of the Qualified Bidder(s). The Prearranged Shipper

may elect to match any or all of such winning Qualified Bid(s), but

may not elect to match only a portion of a winning Qualified Bid.

Such election shall consist of the Prearranged Shipper submitting

notice to MEP of its unconditional agreement to the terms and

conditions of one or more of such winning Qualified Bid(s) in writing

or electronic means. In the event of a timely match, then the

Prearranged Shipper shall be awarded the released capacity. To the

extent that the Prearranged Shipper fails to timely match (within the

required time frame) the winning Qualified Bid(s) with a higher Bid

Value, then the Qualified Bidder(s) who made the winning Qualified

Bid shall be awarded the capacity. The timelines for the above

actions shall be as provided in Section 14.1 of these General Terms

and Conditions.