Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 212 Original Sheet No. 212 : Effective

 

GENERAL TERMS AND CONDITIONS

 

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

 

15.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE PROGRAM

 

A. Any person wishing to become a Qualified Bidder and make a

Qualified Bid must satisfy the creditworthiness requirements

in Section 13 of these General Terms and Conditions prior to

submitting a Qualified Bid under this Section 15. A person

cannot bid for services which exceed its pre-qualified level

of credit-worthiness. Transporter shall process--and

encourages--applications from potential Qualified Bidders

seeking prequalification for bids they may make in the

future.

 

B. Credit applications shall be completed in full with all

information required to establish creditworthiness under the

credit criteria included in Section 13 of these General

Terms and Conditions. Should a potential bidder fail to

satisfy such credit criteria, the potential bidder may still

become a Qualified Bidder by providing a prepayment, letter

of credit, security interest or guarantee satisfactory to

Transporter as further set forth in Section 13 of these

General Terms and Conditions.