Dominion Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 09/23/2000, Docket: RP00-555-000, Status: Effective

Original Sheet No. 1035 Original Sheet No. 1035 : Effective

 

 

GENERAL TERMS AND CONDITIONS

Creditworthiness

 

7. CREDITWORTHINESS

 

Pipeline shall not be required to commence service or to

continue service for any Customer who fails to meet the

creditworthiness criteria set forth in Section 7.1 acceptable to

Pipeline.

 

7.1 Acceptable creditworthiness is demonstrated by meeting the

following criteria:

A. At Pipeline's request, each Customer must properly

complete and sign a "Confidential Request for Certain

Credit & Financial Information," supplied by Pipeline,

which shall include Customer's legal structure; its

officers, partners, or proprietors, its previous

suppliers; trade references; bank references; recent

financial statements; and other credit information

considered relevant by Pipeline. The results of

reference checks must show that Customer's obligations

are being paid on a reasonably prompt basis and that

the Customer has sufficient assets to warrant the

extension of unsecured credit. This form is not

required on subsequent requests for service unless

there is a substantial change in Customer's financial

or operational conditions, i.e., change in management,

change in ownership. Trade and bank references must

be provided annually.

B. At Pipeline's request, Customer must provide its most

recent audited twelve month financial statements

(including balance sheet, income statement, cash flow

statement and accompanying notes) on an annual basis.

If audited financial statements are not available,