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. 217 Original Sheet No. 217
GENERAL TERMS AND CONDITIONS
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(2) KMLP's term sheet shall contain any and all
terms of the bid but shall not identify the bidder; provided, however,
such bid sheet shall indicate if the best bid was submitted by an
affiliate of KMLP. Except for the providing of such term sheet to the
existing Shipper, all terms and conditions of any bid and the identity
of the bidder shall remain confidential; provided that the Commission
may on request have access to such information on a confidential
basis.
(3) The existing Shipper shall have two (2) weeks
to notify KMLP whether or not it desires to match the best bid. To
match the best bid, the existing Shipper must agree to both a price
(up to the applicable maximum rate or Recourse Rate) and a term which
at least equals the bid on all or any portion of the service the
existing Shipper desires to retain; provided, however, that if the
existing Shipper seeks to retain only a portion of its MDQ, the
analysis of whether the existing Shipper has matched the best bid may
take into account the MDQ requested under the best bid relative to the
MDQ the Original Shipper seeks to retain.
(e) (1) If the existing Shipper matches the best bid,
it shall be entitled to continuation of service and shall be obligated
to sign an Agreement tendered by KMLP which reflects the best bid or
any counteroffer by the existing Shipper which matches such best bid.
(2) If the existing Shipper fails to match the
best bid, the existing Agreement shall terminate at the end of its
term and service to the existing Shipper shall be automatically
abandoned.
(3) Submission of a bid shall be binding on the
bidder. The bidder submitting the best bid shall be obligated to sign
an Agreement reflecting its bid if the existing Shipper fails to
match. Nothing herein shall preclude negotiation of a more acceptable
Agreement by mutual consent of KMLP and such bidder; provided,
however, that service may not be agreed upon under terms and
conditions less favorable to KMLP than the best bid without providing
the existing Shipper an additional opportunity to match such revised
terms and conditions.
(f) KMLP shall notify the existing Shipper if no
qualified bid is received within one (1) week after the end of the ten
(10) day period the Capacity Announcement is posted. In the absence of
a qualified bid, the rate (within applicable maximums and minimums)
and the term for continued service shall be negotiated between KMLP