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.