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. 233 First Revised Sheet No. 233
Superseding: Original Sheet No. 233
GENERAL TERMS AND CONDITIONS
(Continued)
4. REQUEST FOR SERVICES (Continued)
4.10(d) Creditworthiness (Continued)
(iii) Shipper shall provide a bank reference and at least
two trade references. The results of reference checks
and any credit reports submitted herein must show that
Shipper's obligations are being paid on a reasonably
prompt basis;
(iv) Shipper shall confirm in writing that Shipper is not
operating under any chapter of the bankruptcy laws and
is not subject to liquidation or debt reduction
procedures under state laws, such as an assignment for
the benefit of creditors, or any informal creditors'
committee agreement. Transporter may make an
exception for a Shipper who is a debtor in possession
operating under Chapter XI of the Federal Bankruptcy
Act if Transporter is adequately assured that the
service billing will be paid promptly as a cost of
administration under the federal court's jurisdiction;
(v) Shipper shall provide a list of owners and/or
shareholders of the entity, if privately held.
(e) If Shipper is unable to satisfy the requirements of Sections
4.10(b)(iii) and 4.10(c), it must provide and maintain
adequate credit assurance satisfactory to Transporter in
order to be granted a request for new service or to continue
service under an existing TSA. If the service under review
involves service under an existing TSA with a Shipper that
has failed to demonstrate creditworthiness, the Shipper must
bring its account with Transporter current by paying all past
due invoice amounts owed to Transporter and provide, within
five Business Days, payment in advance of one Month's
anticipated charges in order to continue service for the
current Month and within 30 calendar Days, the Shipper must
provide the next three Months of credit assurance to continue
service. Adequate assurance shall include at least one of
the following at Shipper's election:
(i) an irrevocable letter of credit to Transporter,
satisfactory to Transporter, verifying the Shipper's
creditworthiness;
(ii) a deposit in advance for the service under review;