Kinder Morgan Interstate Gas Transmission LLC
Fourth Revised Volume No. 1-B
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Effective Date: 06/03/2007, Docket: RP07-441-000, Status: Effective
Fifth Revised Sheet No. 37 Fifth Revised Sheet No. 37 : Effective
Superseding: Fourth Revised Sheet No. 37
GENERAL TERMS AND CONDITIONS, continued
18.5 MATCH
The original firm Shipper shall have the option to execute a firm
service agreement which matches the bid constituting the highest
economic unit value to Transporter as determined pursuant to
Section 18.4, above. Transporter will notify the original firm
Shipper within five (5) business days of the best offer it must
match by tendering to such Shipper a service agreement. The
service agreement must be executed by the original firm Shipper
within fifteen (15) days of Transporter's tender thereof.
Transporter is not required to accept an offer at less than the
maximum rate.
18.6 NO BIDS OR NO ACCEPTABLE BIDS
Where there are no bids or no acceptable bids for the capacity and
the original firm Shipper agrees to pay the maximum rate, service
may be contracted for any term the original firm Shipper chooses.
Transporter shall notify the original firm Shipper within five (5)
business days that no bids or no acceptable bids were received.
Upon such notice, the original firm Shipper shall have fifteen
(15) days (or such extended period as may be mutually agreed
between Transporter and Shipper) to notify Transporter in writing
that it intends to exercise its option to continue receiving
service at the maximum rate. Such notice shall be binding and
shall include the term chosen by the original firm Shipper for
which it is willing to pay the maximum rate. If the original firm
Shipper fails to so notify Transporter within the above-prescribed
timeframe, the Right of First Refusal shall expire. Transporter
is not required to accept an offer at less than the maximum rate.
18.7 ROLLOVERS
A. A Shipper under any Firm Service which has entered into a
Service Agreement thereunder with a term of three (3) years
or longer shall have a right to continue receiving service
on a firm basis beyond the term of the existing Service
Agreement and to rollover such Service Agreement for a
three-year or greater term, subject to the following
conditions: