Mississippi Canyon Gas Pipeline, LLC Submits Cash Management Agreement with Enbridge

Strategic Insights -

Mississippi Canyon Gas Pipeline, LLC has submitted a Cash Management Agreement to the Federal Energy Regulatory Commission (FERC), outlining its cash management arrangements with Enbridge (U.S.) Inc. The agreement, effective July 10, 2025, describes the terms and conditions under which cash management activities will be performed between the two parties. The agreement is in compliance with FERC's regulation of cash management practices (18 C.F.R. 260.400).

Key Takeaways:

  • The Cash Management Agreement is between Mississippi Canyon Gas Pipeline, LLC and Enbridge (U.S.) Inc. and is effective as of July 10, 2025.
  • The agreement outlines the terms and conditions for cash deposits, withdrawals, and interest, as well as restrictions on daily deposits and withdrawals.
  • The parties have agreed to commingle Participant's funds with Administrator's funds and funds Administrator manages for others.
  • The agreement is in compliance with FERC's regulation of cash management practices (18 C.F.R. 260.400).
  • Mississippi Canyon Gas Pipeline, LLC has previously submitted its Cash Management Agreement with Enbridge on March 7, 2018.
  • The agreement requires daily cash deposits to be recorded in bank statements, including the date and amount of deposits or withdrawals.
  • Interest is not earned or charged on the daily balance, and there are no restrictions on the use of cash deposits by the Administrator.

Statistics:

  • The agreement is effective as of July 10, 2025.
  • The parties have agreed to commingle funds, which includes Participant's funds, Administrator's funds, and funds Administrator manages for others.
  • The agreement requires daily cash deposits to be recorded in bank statements, including the date and amount of deposits or withdrawals.
  • The parties have agreed not to earn or charge interest on the daily balance.
  • The Companies have submitted this filing on July 10, 2025.

Sources:

  • Mississippi Canyon Gas Pipeline, LLC (2025) - Cash Management Agreement, as cited in the FERC filing.
  • Enbridge (U.S.) Inc. - Cash Management Agreement (2025).
  • Federal Energy Regulatory Commission - Regulations of the Federal Energy Regulatory Commission, 18 C.F.R. 260.400.
  • Mississippi Canyon Gas Pipeline, LLC (2018) - Cash Management Agreement, as cited in Docket No. RM02-14-000.