Carolina Gas Transmission Corporation
Original Volume No. 1
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Effective Date: 11/01/2006, Docket: CP06- 71-001, Status: Effective
Original Sheet No. 120 Original Sheet No. 120 : Effective
3.1 Pipeline shall apply, on a non-discriminatory basis, consistent
creditworthiness standards to determine the acceptability of
Shipper’s overall financial condition. Those standards shall
guide Pipeline’s credit qualification process for all Shippers
that apply for services from Pipeline, with such standards
comprising: (i) criteria applied in determining creditworthiness,
(ii) collateral requirements, and (iii) suspension and
termination of service standards. For credit qualification
purposes, prior to a Shipper receiving service, there must be a
completed Service Request and an established credit limit with
(a) Provision of Information. Each Shipper must submit with
its Service Request the following information, where such
information is applicable to Shipper:
(1) Audited Financial Statements. Each Shipper shall
submit audited or otherwise acceptable financial
statements for at least the immediately preceding two
(2) fiscal years, or the period of Shipper’s
existence, if shorter. Additionally, each Shipper
shall submit current fiscal year interim-unaudited
financial statements, if available.
(2) Annual report.
(3) List of affiliates, parent companies, and
(4) Publicly available information from credit reports by
credit and bond rating agencies.
(5) Private credit ratings, if obtained by Shipper.
(6) Credit References. Each Shipper shall submit bank
and utility credit references. In the case where a
Shipper does not have the required utility
references, trade payable vendor references may be
(7) Statement of Shipper’s legal composition.