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. 172 Original Sheet No. 172 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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14. CAPACITY RELEASE BY FIRM SHIPPERS

 

14.1 GENERAL

 

(a) Subject to the terms, conditions and limitations

set forth in this Section 14, a Shipper holding capacity rights under

an Eligible Firm Transportation Agreement shall have the right to

release all or a portion of such capacity rights and, if a capacity

release is effectuated under this Section 14, to receive a credit for

reservation charge revenues received by KMIP from that other Shipper

for such released capacity.

 

(b) The deadlines set forth in this Section 14 are

applicable to all parties involved in the capacity release process;

however, they are only applicable if all information provided by the

parties to the transaction is valid and the Replacement Shipper (or

Subreplacement Shipper, if applicable) has been determined to be

creditworthy before the Qualified Bid is tendered, and there are no

special terms or conditions of the release.

 

(c) Following is a summary of the capacity release

process and deadlines set forth in greater detail in the remainder of

this Section 14:

 

(1) For biddable releases (less than one (1)

Year):

 

(i) The Capacity Release Request should be

tendered by no later than 12:00 p.m. Central Clock Time on a

Business Day;

 

(ii) The open season ends no later than 1:00

p.m. Central Clock Time on a Business Day (evaluation period begins

at 1:00 p.m. Central Clock Time during which contingency is

eliminated, determination of winning Qualified Bid(s) is made, and

ties are broken);

 

(iii) Evaluation period ends and award

posting if no match required at 2:00 p.m. Central Clock Time;

 

(iv) Match or award is communicated by 2:00

p.m. Central Clock Time;

 

(v) Match response by 2:30 p.m. Central

Clock Time;