Kinder Morgan Illinois Pipeline LLC
Original Volume No. 1
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Effective Date: 02/22/2009, Docket: RP09-243-000, Status: Effective
First Revised Sheet No. 200 First Revised Sheet No. 200
Superseding: Original Sheet No. 200
GENERAL TERMS AND CONDITIONS
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(b) A release by a Replacement Shipper shall not relieve
the Original Shipper or the Replacement Shipper of their obligations
under this Section 14.
(c) In the event that a Released Firm Transportation
Agreement covers the remaining term of the Eligible Firm
Transportation Agreement maximum rate, if applicable, then the
Original Shipper may request in writing that the Original Shippers'
rights and obligations under the Eligible Firm Transportation
Agreement shall be prospectively assigned to, and be assumed by, the
Replacement Shipper. Following such request, KMIP shall send the
Original Shipper and Replacement Shipper an assignment agreement to so
provide. In the event that the Original Shipper and the Replacement
Shipper execute such assignment agreement, the Original Shipper shall
be released from all liability under the Eligible Firm Transportation
Agreement arising after such execution date.
14.18 DISCHARGE OF RELEASING SHIPPER IN PERMANENT RELEASES
The Releasing Shipper shall remain liable and responsible
for the payment of all reservation charges applicable to the Agreement
unless and until the following conditions have been met, in which
case, the Releasing Shipper shall be discharged from such obligation:
(a) The Capacity Release shall be for the remaining term
of the Agreement;
(b) The Replacement Shipper shall agree to pay a rate
equal to or greater than the reservation rate which the Releasing
Shipper paid under the Agreement; and
(c) The Replacement Shipper shall meet the creditworthy
standards of the General Terms and Conditions of KMIP's Tariff.
14.19 CONVERSIONS BETWEEN MONTHLY AND DAILY RESERVATION RATES
For less than maximum rate transactions only, converting
daily rate to Monthly rate is accomplished by multiplying the daily
rate times number of days in rate period, dividing the result by
number of Months in rate period and taking the remainder out to five
(5) decimal places and rounding up or down to KMIP's specified