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. 213 Original Sheet No. 213

 

GENERAL TERMS AND CONDITIONS

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

 

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.