Kinder Morgan Interstate Gas Transmission LLC
Fourth Revised Volume No. 1-B
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Effective Date: 12/01/2000, Docket: RP01- 70-000, Status: Effective
First Revised Sheet No. 53F First Revised Sheet No. 53F : Effective
Superseding: Original Sheet No. 53F
GENERAL TERMS AND CONDITIONS - continued
23.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE
PROGRAM
(a) Any person wishing to become a Qualified Bidder and
make a Qualified Bid must satisfy the creditworthiness requirements
in Section 22.7 of these General Terms and Conditions prior to
submitting a Qualified Bid under this Section 23. A person cannot bid
for services which exceed its pre-qualified level of credit-
worthiness. Transporter shall process--and encourages--applications
from potential Qualified Bidders seeking prequalification for bids
they may make in the future.
(b) Credit applications shall be completed in full with
all information required to establish creditworthiness under the
credit criteria included in Section 22.7 of these General Terms and
Conditions. Should a potential bidder fail to satisfy such credit
criteria, the potential bidder may still become a Qualified Bidder by
providing a prepayment, letter of credit, security interest or
guarantee satisfactory to Transporter as further set forth in Section
22.7 of these General Terms and Conditions.
(c) Based on Transporter's continuing review of a
Shipper's financial records, Transporter shall have the right to
amend a Shipper's line of credit and lower or increase the quantity
and term.
(d) Transporter's determination of a Shipper's
creditworthiness is solely for Transporter's purposes under
Transporter's Tariff and such determination is neither a
representation nor a guarantee to a Releasing Shipper or any other
entity as to the ability of a Replacement or Subreplacement Shipper
to pay any outstanding amount under a Released Firm Transportation
Agreement.