Cheyenne Plains Gas Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 07/26/2010, Docket: RP10-876-000, Status: Effective
First Revised Sheet No. 232 First Revised Sheet No. 232
Superseding: Original Sheet No. 232
GENERAL TERMS AND CONDITIONS
(Continued)
4. REQUEST FOR SERVICES (Continued)
4.10(b) Creditworthiness (Continued)
(iv) If Shipper is not rated by S&P or Moody's but has a
parent that can satisfy the requirements of Section
4.10(c), then a Shipper may use its parent's credit
rating and financial strength if a guarantee
acceptable to Transporter is provided.
(c) If Shipper is unable to satisfy the requirements of Section
4.10(d), Transporter will perform a creditworthiness review.
As a part of this review, Transporter may require, either
with the request for service or at any future time as
Transporter deems necessary to conduct on-going credit
evaluations of Shipper, that the Shipper provide Transporter
with additional information to allow Transporter to determine
the Shipper's creditworthiness.
If the service under review involves service under an
existing TSA, Shipper must provide the additional information
within five Business Days of the request for such
information. If the service under review involves service
under a new TSA, the information must be provided before
Shipper's request may be deemed a valid request for service.
(d) Transporter may request Shipper provide any or all of the
following information:
(i) a copy of Shipper's audited financial statements for
the previous two fiscal year ends certified by the
Chief Financial Officer or Chief Accounting Officer of
the Shipper (which certificate shall state that such
financial statements fairly present the financial
condition and results of operations of the Shipper for
the period indicated therein) prepared in accordance
with generally accepted accounting principles or, for
non-U.S.-based Shippers, prepared in accordance with
equivalent standards;
(ii) a copy of Shipper's financial statements for the most
recent period available, which may be unaudited, but
if unaudited, must be signed and attested by Shipper's
President and Chief Financial Officer as fairly
representing the financial position of the company;