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. 199 Original Sheet No. 199
GENERAL TERMS AND CONDITIONS
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KMLP shall issue a contract to the winning Qualified Bidder within
one (1) hour after the capacity has been awarded. So long as the
winning bidder has pre-approved credit, that bidder can submit a
nomination consistent with the above regardless of whether a contract
with KMLP covering the capacity awarded has been issued or executed;
provided, however, that a contract must be executed under the
provisions of the relevant rate schedule regarding timely execution
of a contract tendered by KMLP in order for a Shipper to have
continued service beyond the maximum time specified for timely
contract execution. If the Releasing Shipper has already submitted a
nomination on a Day under the Agreement being released, and if the
Replacement Agreement covering the released capacity is effective
that same Day, the Releasing Shipper may incur overrun charges if his
nomination exceeds the reduced contractual parameters under the
original Agreement resulting from the release (i.e., if the Releasing
Shipper fails to reduce its nomination, or does not adequately reduce
its nomination, at the first opportunity the Replacement Shipper has
to nominate).
(e) Gas nominations for transportation pursuant to
released capacity are subject to the provisions of Section 6 of these
General Terms and Conditions. Gas nominations by a Shipper utilizing
released capacity awarded by KMLP shall constitute Shipper's binding
acceptance of the terms and conditions of the capacity award by KMLP
pursuant to this Section 14, including KMLP's standard form of
Agreement covering the Rate Schedule applicable to the released
capacity and the terms and conditions of the Qualified Bid and the
Capacity Release Request, in accordance with KMLP's Tariff.
(f) Subject to the other provisions in this Section 14,
in the event that there is no Qualified Bidder or Prearranged Shipper
for posted Eligible Firm Transportation Agreement capacity during an
open season, no capacity release will be awarded and the Releasing
Shipper shall retain the capacity sought to be released.
14.10 BID EVALUATION PROCEDURE
(a) Unless specifically requested otherwise by a
Releasing Shipper in its Capacity Release Request, Qualified Bids for
released capacity shall be evaluated pursuant to Sections 14.10(b)
through 14.10(g) below. Any Qualified Bid which does not meet a
minimum price condition stated in the Capacity Release Request