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United States. Federal Energy Regulatory Commission

Cash Management Agreement Between Mississippi Canyon Gas Pipeline, LLC and Enbridge (U.S.) Inc.

Strategic Insights

— 1 min read

Mississippi Canyon Gas Pipeline, LLC and Enbridge (U.S.) Inc. have entered into a Cash Management Agreement (the "CMA") to regulate cash management practices for their bank accounts as of July 10, 2025. The agreement outlines the terms and conditions under which cash management activities will be performed between the two parties. The CMA is effective as of July 10, 2025, and will remain in place unless either party provides 30 days' written notice of their intention to terminate the agreement.

Key Takeaways:

  • The Cash Management Agreement (CMA) is between Mississippi Canyon Gas Pipeline, LLC (the "Participant") and Enbridge (U.S). Inc. (the "Administrator") to regulate cash management practices for their bank accounts as of July 10, 2025.
  • The agreement outlines the terms and conditions for daily cash deposits and withdrawals, interest, restrictions on deposits and withdrawals, and settlements of intercompany balances.
  • The Participant is authorized to commingle its funds with the Administrator's funds and funds managed for others pursuant to the cash pool arrangements described herein.
  • The Administrator will settle all banking-related fees and charges related to the cash management pool, and the Participant will have no obligation to pay Administrator any fee in connection with the administration of the cash management pool.
  • The agreement supersedes and cancels any previous cash management agreements between the Participant and any other entity, and will be governed by and construed in accordance with the laws of the State of New York.

Statistics:

  • The CMA is effective as of July 10, 2025.
  • The agreement outlines the terms and conditions for daily cash deposits and withdrawals, interest, restrictions on deposits and withdrawals, and settlements of intercompany balances.
  • The Administrator will settle all banking-related fees and charges related to the cash management pool, and the Participant will have no obligation to pay Administrator any fee in connection with the administration of the cash management pool.
  • The agreement supersedes and cancels any previous cash management agreements between the Participant and any other entity.
  • The Administrator agrees to allow the Participant to file this agreement with any and all applicable regulatory agencies.

Sources:

  • [Federal Energy Regulatory Commission]

+ 18 C.F.R. 260.400 (Cash Management Programs)

  • [Mississippi Canyon Gas Pipeline, LLC]

+ Arthur Diestel, Director, Regulatory Affairs (713) 627-5116, Arthur.Diestel@enbridge.com

  • [Enbridge (U.S.) Inc.]

+ Arthur Diestel, Director, Regulatory Affairs (713) 627-5116, Arthur.Diestel@enbridge.com

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