Kinder Morgan Interstate Gas Transmission LLC

Second Revised Volume No. 1-D

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Effective Date: 12/28/1999, Docket: GT00- 19-000, Status: Effective

Original Sheet No. 38 Original Sheet No. 38 : Effective

 

 

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 short-term releases (less than five months):

 

(i) The Capacity Release Request should be tendered

by no later than 1:00 p.m. Central Clock Time on the day before

nominations are to be submitted under the resulting release;

 

(ii) The open season ends no later than

2:00 p.m. Central Clock Time on the day before nominations are due

(evaluation period begins at 2:00 p.m. Central Clock Time during

which contingency is eliminated, determination of winning Qualified

Bid(s) is made, and ties are broken);

 

(iii)Evaluation period ends at 3:00 p.m. Central Clock

Time;

 

(iv) Match or award is communicated by

3:00 p.m. Central Clock Time;

 

(v) Match response by 4:00 p.m. Central Clock Time;