Kansas Pipeline Company

Original Volume No. 1

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Effective Date: 05/11/1998, Docket: CP96-152-015, Status: Effective

First Revised Sheet No. 252 First Revised Sheet No. 252 : Effective

Superseding: Original Sheet No. 252

GENERAL TERMS AND CONDITIONS (Continued)

 

14.2 Initiation of the Assignment of Service Rights

 

(a) A Releasing Shipper may initiate the assignment of

its Service Agreement by posting a Release Notice

in the form prescribed by this Tariff on the IEC

System. A Releasing Shipper may withdraw its

Release Notice at any time prior to the close of

the posting period where unanticipated

circumstances justify and no minimum bid has

been made.

 

(b) In the Release Notice the Releasing Shipper must

specify the term, quantity and minimum rate,

expressed in dollars and cents or percent of

maximum rate, the Releasing Shipper is willing

to accept and whether the assignment is subject

to recall and the applicable recall conditions

as well as reput methods and rights associated

with returning the previously recalled capacity

to the Replacement Shipper. The Releasing

Shipper may specify further objective and

nondiscriminatory conditions in its Release Notice,

such as alternative economic criteria for evaluating

bids which may include highest rate, net revenues or

present value, whether volumetrically stated bids

will be accepted, whether a volumetric commitment is

required, alternative methods for breaking ties,

whether contingent bids will be accepted and, if so,

the method by which contingent bids will be

evaluated and when the contingency must be removed,

whether bids for a portion of the capacity offered

will be accepted; provided, however, the Releasing

Shipper may not specify conditions which are in

conflict with the Service Agreement, the applicable

Rate Schedule, or these General Terms and

Conditions.

 

(c) The Releasing Shipper may arrange for the assignment

of its Service Agreement to a Designated Replacement

Shipper prior to submitting its Release Notice to

Kansas Pipeline. Such designated Replacement

Shipper must be on the approved bidders list and

shall acknowledge the release notice through the

IEC system as a prerequisite to the posting of the

release notice. However, the assignment will not

become effective except as provided in this

Section 14.