Kinder Morgan Louisiana Pipeline LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-257-000, Status: Effective

Original Sheet No. 106 Original Sheet No. 106

 

GENERAL TERMS AND CONDITIONS

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1.24 MONTH

 

"Month" shall mean the period beginning on the first day

of any calendar month and ending on the first day of the next

succeeding calendar month.

 

1.25 NEGOTIATED RATE

 

The term "Negotiated Rate" shall mean a rate provision

under which KMLP and Shipper have agreed on the amount to be charged

for the service under Rate Schedule FTS or ITS which results in a

rate where, for all or a portion of the contract term, one or more

of the individual components of such rate exceeds or may exceed the

applicable maximum rate or is less than or may be less than the

applicable minimum rate. Any Agreement entered into which provides

for a rate under Rate Schedule FTS or ITS other than the applicable

maximum rate shall contain a provision setting out the mutual

agreement of the parties, consistent with Commission policy, as to

whether the pricing terms represent a discounted rate or a

Negotiated Rate.

 

1.26 NEGOTIATED RATE FORMULA

 

The term "Negotiated Rate Formula" shall mean a rate

formula provision which KMLP and Shipper have agreed will be applied

to service under Rate Schedule FTS or ITS which results in a rate

where, for all or a portion of the contract term, one or more of the

individual components of such rate exceeds or may exceed the

applicable maximum rate or is less than or may be less than the

applicable minimum rate. Any Agreement entered into which provides

for a rate under Rate Schedule FTS or ITS other than the applicable

maximum rate shall contain a provision setting out the mutual

agreement of the parties, consistent with Commission policy, as to

whether the pricing terms represent a discounted rate or a rate

pursuant to a Negotiated Rate Formula.