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. 170 Original Sheet No. 170

 

GENERAL TERMS AND CONDITIONS

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

 

(i) payment in advance for all fees and

charges for forty-two (42) Months of service for Shippers

subscribing to capacity prior to the pipeline being in service and

for three (3) months for those Shippers subscribing to capacity

after the pipeline is in service, except to the extent otherwise

agreed;

 

(ii) a standby irrevocable letter of credit

covering all fees and charges for forty-two (42) Months of service

for those Shippers subscribing to capacity prior to the pipeline

being in service and for three (3) Months for those Shippers

subscribing to capacity after the pipeline is in service drawn upon

a bank acceptable to KMLP; except to the extent otherwise agreed

drawn upon a bank acceptable to KMLP except to the extent otherwise

agreed;

 

(iii) security interest covering all fees and

charges for forty-two (42) Months of service for those Shippers

subscribing to capacity prior to the pipeline being in service and

for three (3) Months for those Shippers subscribing to capacity

after the pipeline is in service in collateral provided by the

Shipper found to be satisfactory to KMLP except to the extent

otherwise agreed; or

 

(iv) guarantee of all fees and charges for

forty-two (42) Months of service for those Shippers subscribing to

capacity prior to the pipeline being in service and for three (3)

months for those Shippers subscribing to capacity after the pipeline

is in service by a person or another entity which does satisfy the

credit appraisal, except to the extent otherwise agreed.

 

(2) Nothing herein shall be read to preclude KMLP

from requiring, and enforcing for the term of the initial contracts,

a greater amount of security in agreements supporting an application

for a certificate to construct new or expanded facilities, including

any replacement contract entered into upon a permanent release of

capacity under such an initial contract, any assignment of such an

initial contract or any resale of capacity subject to such an

initial contract in the event of a default.

 

(c) Where a Shipper selects the prepayment option under

Section 12.1(b) of these General Terms and Conditions, the

prepayment amounts shall be deposited in an interest-bearing escrow

account if such an account has been established by Shipper which