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. 201 Original Sheet No. 201 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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decimal place. Converting a Monthly rate to a daily rate is

accomplished by multiplying the Monthly rate by number of Months in

rate period, dividing the result by number of days in rate period

and taking the remainder out to five (5) decimal places and rounding

up or down to KMIP's specified decimal place.

 

14.20 KMIP'S RIGHT TO TERMINATE A CAPACITY RELEASE

 

KMIP may elect to terminate a Replacement Shipper's

Agreement with KMIP upon prior written notice of at least thirty

(30) days to the Replacement Shipper, under the following

conditions:

 

(a) The Releasing Shipper has failed to make timely

payment or maintain credit (or provide adequate assurance of

payment) in accordance in Sections 2.7 and/or 12 of these General

Terms and Conditions and KMIP has suspended or terminated service to

the Releasing Shipper or has provided notice under Section 2.7 which

ultimately results in suspension or termination of service; and

 

(b) The rate stated in the Replacement Shipper's

Agreement is less than the rate for service under KMIP's contract

with the Original Shipper; provided, however, that a Replacement

Shipper which is creditworthy can continue an existing capacity

release by notifying KMIP that it agrees to pay a rate which it

specifies that equals the lower of: (i) the applicable maximum

rate; or (ii) the same rate as is in the original Agreement between

KMIP and the Releasing Shipper. Alternatively, KMIP and the

Replacement Shipper may agree upon other pricing terms which are

equal to or less than the lower of: (i) the applicable maximum

rate; or (ii) the same rate as is in the original Agreement between

KMIP and the Releasing Shipper, in which case the release shall

continue. Such notification or agreement must be effectuated prior

to the end of the notice period.