Kinder Morgan Interstate Gas Transmission LLC

Fourth Revised Volume No. 1-B

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Effective Date: 07/01/2003, Docket: RP03-372-000, Status: Effective

Third Revised Sheet No. 45 Third Revised Sheet No. 45 : Effective

Superseding: Second Revised Sheet No. 45

 

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

23. CAPACITY RELEASE BY FIRM SHIPPERS

 

23.1 GENERAL

 

(a) Subject to the terms, conditions and limitations set forth

in this Section 23, a Shipper holding capacity rights under an Eligible

Firm Transportation Agreement shall have the right to release all or a

portion of such capacity rights and, if a capacity release is

effectuated under this Section 23, to receive a credit for reservation

charge revenues received by Transporter from that other Shipper for such

released capacity.

 

(b) The deadlines set forth in this Section 23 are applicable to

all parties involved in the capacity release process; however, they are

only applicable if all information provided by the parties to the

transaction is valid and the Replacement Shipper (or Subreplacement

Shipper, if applicable) has been determined to be creditworthy before

the Qualified Bid is tendered, and there are no special terms or

conditions of the release.

 

(c) Following is a summary of the capacity release process and

deadlines set forth in greater detail in the remainder of this Section

23:

 

(1) For biddable releases (less than one (1) year):

 

(i) Offers should be tendered by 12:00 p.m. Central

Clock Time on a Business Day;

 

(ii) The open season ends no later than 1:00 p.m.

Central Clock Time on a Business Day (evaluation period begins at 1:00

p.m. Central Clock Time during which contingency is eliminated,

determination of best bid is made, and ties are broken);

 

(iii) Evaluation period ends and award posting if no

match required at 2:00 p.m. Central Clock Time;

 

(iv) Match or award is communicated by

2:00 p.m. Central Clock Time;

 

(v) Match response by 2:30 p.m. Central Clock Time;