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: