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. 185 Original Sheet No. 185 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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14.8 QUALIFIED BIDS FOR RELEASED CAPACITY RIGHTS

 

(a) At any time during an open season, a Qualified

Bidder may submit a Qualified Bid to KMIP's Interactive Website (or

in writing for posting on KMIP's Interactive Website if KMIP's

Interactive Website is unavailable for receiving Qualified Bids)

seeking released capacity rights under a Capacity Release Request.

In addition to being prequalified for credit pursuant to Section

14.15, each Qualified Bid must include the following:

 

(1) The Qualified Bidder's legal name, address,

phone number, telefax number, the name and title of the individual

responsible for authorizing the Qualified Bid and identification of

the capacity rights for which the Qualified Bid is made;

 

(2) The term for the purchase;

 

(3) A Minimum Bid Volume and a Maximum Bid Volume

(in Dth per Day);

 

(4) The fixed reservation charge and/or

volumetric charge that the Qualified Bidder agrees to pay for the

capacity (and if a volumetric charge, any minimum amount to be

billed as a reservation charge, which must be equal to or greater

than any such amount designated by the Releasing Shipper);

 

(5) A statement that the Qualified Bidder agrees

to all the terms and conditions of the Capacity Release Request,

with only the modifications as expressly provided in its Qualified

Bid, which modifications must be permitted by the Capacity Release

Request and must conform with the requirements in Section 14. In the

event that the Releasing Shipper has stated that Qualified Bid(s)

may be contingent upon subsequent events and the Qualified Bidder

submits such a contingent Qualified Bid, then the Qualified Bidder

must state in full the nature of the condition and the last date by

which the Qualified Bid is null and void if the contingency does not

occur; and

 

(6) Agreement that the Qualified Bidder is bound

by the terms and conditions of the capacity award by KMIP pursuant

to this Section 14 to the Qualified Bidder, including KMIP's

standard form of Agreement covering the Rate Schedule applicable to

the released capacity and the terms and conditions of the Qualified

Bid and the Capacity Release Request, in accordance with KMIP's

Tariff.