Kinder Morgan Illinois Pipeline LLC
Original Volume No. 1
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Effective Date: 12/01/2007, Docket: RP08- 34-000, Status: Effective
Original Sheet No. 103 Original Sheet No. 103 : Effective
GENERAL TERMS AND CONDITIONS
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1.17 MCF
"Mcf" shall mean one thousand (1,000) cubic feet of gas.
1.18 MDQ
"MDQ" shall mean the maximum daily quantity of gas which
KMIP is obligated to receive or deliver at each Receipt or Delivery
Point or in the aggregate, as specified in the Agreement.
1.19 MONTH
"Month" shall mean the period beginning on the first day
of any calendar Month and ending on the first day of the next
succeeding calendar Month.
1.20 NAESB STANDARDS
"NAESB Standards" shall mean standards for business
practices in the gas pipeline industry established by the North
American Energy Standards Board (formerly GISB) and approved by the
FERC.
1.21 NEGOTIATED RATE
The term "Negotiated Rate" shall mean a rate provision
under which KMIP and Shipper have agreed on the amount to be charged
for the service under Rate Schedule FTS or ITS which results in a
rate where, for all or a portion of the contract term, one or more
of the individual components of such rate exceeds or may exceed the
applicable maximum rate or is less than or may be less than the
applicable minimum rate. Any Agreement entered into which provides
for a rate under Rate Schedule FTS or ITS other than the applicable
maximum rate shall contain a provision setting out the mutual
agreement of the parties, consistent with Commission policy, as to
whether the pricing terms represent a discounted rate or a
Negotiated Rate.