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. 213 Original Sheet No. 213
GENERAL TERMS AND CONDITIONS
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14.19 CONVERSIONS BETWEEN MONTHLY AND DAILY RESERVATION RATES
For less than maximum rate transactions only, converting
the Daily rate to a Monthly rate is accomplished by multiplying the
Daily rate times the number of Days in the rate period, dividing the
result by number of Months in the rate period and taking the remainder
out to five (5) decimal places and rounding up or down to KMLP's
specified decimal place. Converting a Monthly rate to a Daily rate is
accomplished by multiplying the Monthly rate by number of Months in
rate period, dividing the result by number of Days in rate period and
taking the remainder out to five (5) decimal places and rounding up or
down to KMLP's specified decimal place.
14.20 KMLP'S RIGHT TO TERMINATE A CAPACITY RELEASE
KMLP may elect to terminate a Replacement Shipper's
Agreement with KMLP upon prior written notice of at least thirty (30)
days to the Replacement Shipper, under the following conditions:
(a) The Releasing Shipper has failed to make timely
payment or maintain credit (or provide adequate assurance of payment)
in accordance in Sections 2.8 and/or 12 of these General Terms and
Conditions and KMLP has suspended or terminated service to the
Releasing Shipper or has provided notice under Section 2.8 or 12.2
which ultimately results in suspension or termination of service; and
(b) The rate stated in the Replacement Shipper's
Agreement is less than the rate for service under KMLP's contract with
the Original Shipper; provided, however, that a Replacement Shipper
which is creditworthy can continue an existing capacity release by
notifying KMLP that it agrees to pay the same rate as is in the
original Agreement between KMLP and the Releasing Shipper.
Alternatively, notwithstanding Sections 14.8(c) of these General Terms
and Conditions, KMLP and the Replacement Shipper may agree upon other
pricing terms, including payment of the maximum tariff rate or some
other rate that is acceptable to the pipeline, in which case the
release shall continue. Such an arrangement must be effectuated prior
to the end of the notice period.