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. 1036 Original Sheet No. 1036 : Effective
GENERAL TERMS AND CONDITIONS
then Customer must provide an attestation by its chief
financial officer that the information shown in the
unaudited statements submitted is true, correct and a
fair representation of Customer's financial condition.
Annual reports, 10-K reports, filings with regulatory
agencies and any reports from credit reporting
agencies which are available will be analyzed.
Current financial information must be provided not
less than annually for purposes of determining
creditworthiness. Pipeline shall apply consistent
evaluative practices to determine acceptability of the
Customer's overall financial condition, working
capital and profitability trends.
C. Customer must not be operating under any chapter of
the bankruptcy laws and must not be 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. An exception can be made for a Customer
who is a debtor in possession operating under Chapter
XI of the Federal Bankruptcy Act, but only with
adequate assurances that the billing will be paid
promptly as a cost of administration under the federal
D. Customer should not be subject to the uncertainty of
pending liquidation or regulatory proceedings in state
or federal courts which could cause a substantial
deterioration in its financial condition, which could
cause a condition of insolvency, or the ability to
exist as an ongoing business entity.
E. No significant collection lawsuits or judgements are
outstanding which would seriously reflect upon the
business entity's ability to remain solvent.
F. If any of the events or actions described in Sections
7.1.C., 7.1.D., & 7.1.E. above shall be initiated or
imposed during the terms of service hereunder,
Customer shall provide notification thereof to
Pipeline within two (2) working days of any such
initiated or imposed event or action.