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. 188 Original Sheet No. 188 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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KMIP shall issue a contract to the winning Qualified Bidder within

one (1) hour after the capacity has been awarded. So long as the

winning bidder has pre-approved credit, that bidder can submit a

nomination consistent with the above regardless of whether a

contract with KMIP covering the capacity awarded has been issued or

executed; provided, however, that a contract must be executed under

the provisions of the relevant rate schedule regarding timely

execution of a contract tendered by KMIP in order for a Shipper to

have continued service beyond the maximum time specified for timely

contract execution. If the original Shipper has already submitted a

nomination on a Day under the Agreement being released, and if the

Replacement Agreement covering the released capacity is effective

that same Day, the original Shipper may incur overrun charges if his

nomination exceeds the reduced contractual parameters under the

original Agreement resulting from the release (i.e., if the original

Shipper fails to reduce its nomination, or does not adequately

reduce its nomination, at the first opportunity the Replacement

Shipper has to nominate).

 

(e) Gas nominations for transportation pursuant to

released capacity are subject to the provisions of Section 6 of

these General Terms and Conditions. Gas nominations by a Shipper

utilizing released capacity awarded by KMIP shall constitute

Shipper's binding acceptance of the terms and conditions of the

capacity award by KMIP pursuant to this Section 14, 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.

 

(f) Subject to the other provisions in this Section

14, in the event that there is no Qualified Bidder or Prearranged

Shipper for posted Eligible Firm Transportation Agreement capacity

during an open season, no capacity release will be awarded and the

Releasing Shipper shall retain the capacity sought to be released.

 

14.10 BID EVALUATION PROCEDURE

 

(a) Unless specifically requested otherwise by a

Releasing Shipper in its Capacity Release Request, Qualified Bids

for released capacity shall be evaluated pursuant to Sections

14.10(b) through 14.10(h) below. Any Qualified Bid which does not

meet a minimum price condition stated in the Capacity Release