Kinder Morgan Interstate Gas Transmission LLC
Fourth Revised Volume No. 1-B
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Effective Date: 10/01/2002, Docket: RP02-505-000, Status: Effective
Original Sheet No. 54B Original Sheet No. 54B : Effective
GENERAL TERMS AND CONDITIONS FOR SERVICES - continued
(2) The rate stated in the Replacement Shipper's Agreement is less
than the rate for service under Transporter's contract with the Original
Shipper; provided, however, that a Replacement Shipper which is creditworthy
can continue an existing capacity release by notifying Transporter that it
agrees to pay a rate which it specifies that equals or exceeds the lower of:
(i) the applicable maximum rate; or (ii) the same rate as is in the original
Agreement between Transporter and the Releasing Shipper. Alternatively,
notwithstanding Section 23.8(c) of these General Terms and Conditions,
Transporter and the Replacement Shipper may agree upon pricing terms, in which
case the release shall continue. Such notification or agreement must be
effectuated prior to the end of the notice period.
(Remainder of sheet intentionally left blank.)