El Paso Natural Gas Company

Second Revised Volume No. 1A

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/01/2010, Docket: RP10-454-001, Status: Effective

Third Revised Sheet No. 220 Third Revised Sheet No. 220

Superseding: Second Revised Sheet No. 220

 

TRANSPORTATION GENERAL TERMS AND CONDITIONS

(Continued)

 

4. REQUESTS FOR SERVICES (Continued)

4.16 (a) (Continued)

 

However, such Shipper may receive service under this FERC Gas

Tariff if Shipper prepays for such service or furnishes good

and sufficient security, as determined by Transporter in its

reasonable discretion, an amount equal to the cost of

performing the service requested by Shipper for a three (3)

Month period to include the cost of gas for permissible

imbalance quantities. For purposes of this FERC Gas Tariff,

the insolvency of a Shipper shall be evidenced by the filing

by such Shipper or any parent entity thereof (hereinafter

collectively referred to as "the Shipper") of a voluntary

petition in bankruptcy or the entry of a decree or order by a

court having jurisdiction in the premises adjudging the

Shipper as bankrupt or insolvent, or approving as properly

filed a petition seeking reorganization, arrangement,

adjustment or composition of or in respect of the Shipper

under the Federal Bankruptcy Act or any other applicable

federal or state law, or appointing a receiver, liquidator,

assignee, trustee, sequestrator (or other similar official)

of the Shipper or of any substantial part of its property, or

the ordering of the winding-up or liquidation of its affairs,

with said order or decree continuing unstayed and in effect

for a period of sixty (60) consecutive Days. Notwithstanding

the above and Sections 12.4 and 12.5 of the GT&C, Transporter

shall not suspend service to any Shipper, who is or has

become insolvent, in a manner that is inconsistent with the

Federal Bankruptcy Code.

 

Based on the amount of creditworthiness demonstrated by a

Shipper, a daily tender limit shall be established for IT

TSAs stating the maximum quantity available to be scheduled.

Existing IT TSAs shall use their previous MDQ to establish

creditworthiness.