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. 234 First Revised Sheet No. 234

Superseding: Original Sheet No. 234

 

GENERAL TERMS AND CONDITIONS

(Continued)

4. REQUEST FOR SERVICES (Continued)

4.10 Creditworthiness (Continued)

 

(iii) a grant to Transporter of a security interest in

collateral found to be satisfactory to Transporter; or

 

(iv) a guarantee acceptable to Transporter, by another

person or entity which satisfies credit appraisal.

 

Such letter of credit, deposit, security interest or

guarantee shall be equal to three Months of the highest

estimated reservation and commodity charges to include

estimated charges for Natural Gas imbalances during the term

of the service agreement. Upon Shipper's establishment of an

acceptable credit record pursuant to Sections 4.10(b)(iii) or

4.10(c) or upon expiration of the TSA, Transporter shall

return Shipper's letter of credit, deposit, security

interest, or guarantee as applicable. If Transporter returns

a deposit to Shipper, Transporter shall pay interest to

Shipper at rates set pursuant to 18 CFR Section 154.501(d).

 

(f) If Shipper is found to be non-creditworthy, Transporter will

inform Shipper, in writing upon Shipper's request, of the

reasons for the determination.

 

(g) If Shipper is unable to demonstrate creditworthiness using

any of the methods described above for a request for new

service, Transporter may deny the Shipper's request.

 

(h) If Shipper is unable to demonstrate creditworthiness using

any of the methods described above for service under an

existing TSA, Transporter may, without waiving any rights or

remedies it may have, terminate service upon 30-Day written

notice using the notice procedures of Section 12.6 of the

General Terms and Conditions.

 

(i) Transporter may determine in its reasonable discretion that a

Shipper that requests new service is not creditworthy to

receive such service on the basis that Shipper has

outstanding payments due on invoices rendered by Transporter

on current or past TSAs and Shipper has defaulted on such

payments per the terms of Section 12 of the General Terms and

Conditions.

 

(j) If a Shipper has multiple TSAs with Transporter and defaults

on one TSA, Transporter may deem a default by Shipper on that

one TSA as a loss of creditworthiness on any other TSA the

Shipper has with Transporter.