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. 214 Original Sheet No. 214

 

GENERAL TERMS AND CONDITIONS

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(c) Capacity shall be awarded among the bids, best bid

first (highest Bid Value or other evaluation criteria as specified by

the Shipper in the Capacity Release Offer), until all offered

capacity is awarded. The best qualified bid will be awarded its

Maximum Bid Volume and any subsequent bids will be awarded up to

their Maximum Bid Volume but no less than their Minimum Bid Volume.

 

(d) In the event ties exist among Qualified Bids, the

Qualified Bid submitted and received earliest by MEP's Interactive

Web Site (or if MEP's Interactive Web Site is not available and the

Qualified Bid is submitted in writing, the time MEP received the

Qualified Bid) shall be the winning bid.

 

(e) The following are examples of how (c) and (d) are

applied:

 

 

EXAMPLE (1) - Awarding by Best Bid

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Assume: Capacity Release = 100,000/Day for 5 Years

 

Qualified Bids:

 

Maximum Bid Unit Bid Minimum

Volume Term Value Bid Volume

----------- ------- -------- -----------

 

Bid (a) 40,000/Day 5 Years $.18 0

Bid (b) 40,000/Day 5 Years $.17 0

Bid (c) 40,000/Day 5 Years $.15 0

 

Winning Qualified Bids: Bid (a) has the highest Bid Value and would

be awarded 40,000; Bid (b) has the next highest Bid Value and would

be awarded 40,000; Bid (c) would be awarded the remainder of the

capacity (20,000).