Kinder Morgan Illinois Pipeline LLC

Original Volume No. 1

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Effective Date: 12/01/2007, Docket: RP08- 34-000, Status: Effective

Original Sheet No. 158 Original Sheet No. 158 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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(v) Whether Shipper is subject to any

lawsuits or judgments outstanding which could materially impact its

ability to remain solvent.

 

(vi) Whether Shipper has or has had any

delinquent balances outstanding for services provided previously by

KMIP and whether Shipper is paying and has paid its account balances

according to the terms established in its Agreements (excluding

amounts as to which there is a good faith dispute).

 

(vii) The nature of the Shipper's business

and the effect on that business of general economic conditions and

economic conditions specific to it, including Shipper's ability to

recover the costs of KMIP's services through filings with regulatory

agencies or otherwise to pass on such costs to its customers.

 

(viii) Any other information, including any

information provided by Shipper, that is relevant to Shipper's

current and future financial strength and Shipper's ability to make

full payment over the term of the contract.

 

(4) Information which KMIP may request to be

provided by Shipper to KMIP in connection with such a credit

evaluation includes the following:

 

(i) Audited Financial Statements;

 

(ii) Annual Report;

 

(iii) Most recent filed statements with the

Securities and Exchange Commission (or an equivalent authority) or

other similar publicly available information;

 

(iv) For public entities, the most recent

publicly available interim financial statements, with an attestation

by its Chief Financial Officer, Controller, or equivalent (CFO) that

such statements constitute a true, correct, and fair representation

of the Shipper's financial condition prepared in accordance with

Generally Accepted Accounting Principles (GAAP) or equivalent;

 

(v) For non-public entities, including

those that are state-regulated utilities, the most recent available

interim financial statements, with an attestation by its CFO that

such statements constitute a true, correct, and fair representation

of the Shipper's financial condition prepared in accordance with

GAAP or equivalent;