Kinder Morgan Louisiana Pipeline LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Original Sheet No. 112 Original Sheet No. 112

 

GENERAL TERMS AND CONDITIONS

----------------------------

 

(C) The location, duration and amount

of firm capacity to be covered by the Initial Open Season, and the

date on which such firm capacity will be available.

 

(D) Contingencies, if any, which will

be accepted in open season bids.

 

(E) Any other bid requirements,

conditions, criteria, restrictions or parameters.

 

(iv) In the Initial Open Season, all bids

must be submitted in the basic rate design then in effect on KMLP's

system and are constrained by the applicable maximum and minimum

rates. No bid with rates in the form of a Negotiated Rate or

Negotiated Rate Formula will be valid in an Initial Open Season.

 

(v) KMLP shall establish a reserve price or

reserve price matrix in every Initial Open Season, consistent with

Section 2.1(c)(5) of these General Terms and Conditions.

 

(vi) Unless otherwise specified in the

posting, a bidder may bid on all or any portion of the term for which

the firm capacity is available and on all or any portion of the

capacity available; provided, however, that the bid must be consistent

with the Capacity Ratio under Section 2.1(a)(2). KMLP shall make firm

capacity available without any term limit unless that firm capacity is

committed at some future time under a then existing contract or that

firm capacity is operationally available only for a limited period of

time. Any term limit shall reflect such a contractual or operational

constraint. KMLP shall specify any such term limit, and the reasons

for the term limit, in the posting. KMLP may only impose minimum

volume, geographical [other than the required Capacity Ratio under

Section 2.1(a)(2) hereof] or term requirements on bids for operational

reasons, such as maintaining pressure or sustaining the minimum level

of prudent facility operations on any affected portion(s) of its

System.

 

(vii) KMLP shall have the right to terminate

an Initial Open Season through a termination posting if there is a

material error in the Initial Open Season posting, which error shall

be explained in the termination posting. KMLP shall have the right to

extend an Initial Open Season for good cause, as explained in the

extension posting, or as specified in the original Initial Open Season

posting.