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. 216 Original Sheet No. 216
GENERAL TERMS AND CONDITIONS
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(f) In no event shall this Section 14.10 result in
winning Qualified Bids with a total volume in excess of the capacity
specified in the Capacity Release Request.
(g) The bid evaluation procedure set forth in this
Section 14.10 shall only consider Qualified Bids to the extent they
provide for an objectively quantifiable payment by the Qualified
Bidder. A Qualified Bid based on a percentage of MEP's reservation
charge shall be evaluated by MEP based solely on the maximum
reservation charge being charged by MEP for such service as of the
end of the open season.
(h) If the Releasing Shipper selected a bid evaluation
procedure which is different from the procedure set forth in this
Section 14.10, which procedure must comply with Section 14.5, MEP
shall determine the winning Qualified Bid(s) pursuant to the
Releasing Shipper's bid evaluation procedure in its Capacity Release
Request and computer diskette (if any) submitted by the Releasing
Shipper pursuant to Section 14.5(a).
14.11 CONFIRMATIONS; RELEASED FIRM TRANSPORTATION AGREEMENT
At the time the award of capacity under this Section
14 is posted, MEP shall send the winning Qualified Bidder or the
Prearranged Shipper confirmation of the capacity release awarded to
such Qualified Bidder or Prearranged Shipper. Prior to MEP awarding
capacity on a Prearranged Release, the Prearranged Shipper shall
confirm electronically the terms of the Prearranged Release.
14.12 COMPLETED TRANSACTIONS
By 5:00 p.m. Central Clock Time after capacity has been
awarded, MEP shall post on the Informational Postings portion of its
Interactive Website the name(s) of the winning Qualified Bidder(s),
identification of the winning Qualified Bid(s) and any minimum bid
conditions held confidential during the open season. The Releasing
Shipper is responsible for reviewing the Qualified Bids to ensure
that the released capacity was correctly awarded. The Releasing
Shipper shall notify MEP of any error in the award of capacity within
one Business Day after such posting on MEP's Interactive Website. In
the event of an error, the capacity shall be re-awarded by MEP. As
between MEP and the Releasing Shipper, the Releasing Shipper shall