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,