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. 151 Original Sheet No. 151 : Effective
GENERAL TERMS AND CONDITIONS
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(a) The third party provider(s) must obtain all
requisite regulatory approvals of any service (certification,
approval of tariffs, establishment of rates, etc.) which is being
relied upon to perform the imbalance management;
(b) The Third Party Balancing Agreement must be
executed by KMIP, the firm Shipper and any third party performing
imbalance management. The Third Party Balancing Agreement must allow
the third party imbalance management to be integrated into KMIP's
operations.
(1) KMIP must have the right to call on the
third party provider(s) for the agreed imbalance management on short
notice, within defined parameters, to effectuate necessary
operational changes.
(2) KMIP must be given timely notice of the
nature and level of the imbalance management being provided by the
third party provider(s) pursuant to the Third Party Balancing
Agreement on any Day.
(3) The Third Party Balancing Agreement must:
(i) define the operational changes the third party provider(s)
will effectuate to offset the operational effects on KMIP of
imbalances at points on the system covered by the Third Party
Balancing Agreement; and (ii) identify the resources or services
which the third party provider(s) will utilize to implement such
changes.
(4) Any third party providing imbalance
management must be able to deliver or receive gas, as applicable, at
the prevailing operating pressure on KMIP's system at the relevant
point(s) and the Third Party Balancing Agreement must so specify.
(c) The Third Party Balancing Agreement shall specify
the firm Agreements and the points to be balanced and must set out
the agreement of the parties as to how imbalances are to be
allocated to and accounted for at the point(s) covered by the Third
Party Balancing Agreement and any limitations on the level of
imbalances to be managed under the Third Party Balancing Agreement.