Kinder Morgan Interstate Gas Transmission LLC

Fourth Revised Volume No. 1-B

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Effective Date: 06/17/2001, Docket: RP01-422-000, Status: Effective

First Revised Sheet No. 52A First Revised Sheet No. 52A : Effective

Superseding: Original Sheet No. 52A

 

GENERAL TERMS AND CONDITIONS - continued

 

23.8 QUALIFIED BIDS FOR RELEASED CAPACITY RIGHTS

 

(a) At any time during an open season, a Qualified Bidder may

submit a Qualified Bid to Transporter's Interactive Web Site (or in

writing for posting on Transporter's Interactive Web Site if

Transporter's Interactive Web Site is unavailable for receiving

Qualified Bids) seeking released capacity rights under a Capacity

Release Request. In addition to being prequalified for credit pursuant

to Section 23.15, each Qualified Bid must include the following:

 

(1) The Qualified Bidder's legal name, address, phone

number, telefax number, the name and title of the individual

responsible for authorizing the Qualified Bid and identification of

the capacity rights for which the Qualified Bid is made;

 

(2) The term for the purchase;

 

(3) A Minimum Bid Volume and a Maximum Bid Volume (in Dth

per day);

 

(4) The fixed reservation charge and/or volumetric charge

that the Qualified Bidder agrees to pay for the capacity (and if a

volumetric charge, any minimum amount to be billed as a reservation

charge, which must be equal to or greater than any such amount

designated by the Releasing Shipper);

 

(5) A statement that the Qualified Bidder agrees to all

the terms and conditions of the Capacity Release Request, with only

the modifications as expressly provided in its Qualified Bid, which

modifications must be permitted by the Capacity Release Request and

must conform with the requirements in Section 23. In the event that

the Releasing Shipper has stated that Qualified Bid(s) may be

contingent upon subsequent events and the Qualified Bidder submits

such a contingent Qualified Bid, then the Qualified Bidder must state

in full the nature of the condition and the last date by which the

Qualified Bid is null and void if the contingency does not occur; and

 

(6) Agreement that the Qualified Bidder is bound by the

terms and conditions of the capacity award by Transporter pursuant to

this Section 23 to the Qualified Bidder, including Transporter's

standard form of Agreement covering the Rate Schedule applicable to the

released capacity and the terms and conditions of the Qualified Bid and

the Capacity Release Request, in accordance with Transporter's Tariff.