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. 46 Original Sheet No. 46 : Effective

 

 

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

start of a day, must be for a term of at least one full day (i.e.,

there are no partial day recalls or reputs) and must be consistent

with the procedures set forth in the Capacity Release Request and

this Tariff. In the event of a dispute between the Releasing Shipper

and any other person as to the validity of any recall or reput, or

the status of the holder of the capacity rights, Transporter shall be

entitled to conclusively rely on any notice provided by the Releasing

Shipper. The Original Shipper, Replacement Shipper and/or

Subreplacement Shipper involved in any such dispute shall indemnify

and hold Transporter harmless from any costs, damages or expenses

relating to Transporter's reliance on such notice.

 

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 encourage--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.