Mobile Bay Pipeline Company
Second Revised Volume No. 1
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Effective Date: 02/01/1994, Docket: GT94- 18-000, Status: Effective
Original Sheet No. 96 Original Sheet No. 96 : Effective
GENERAL TERMS AND CONDITIONS
(Continued)
period or other publication designated by Transporter if Natural
Gas Week is not published for the relevant period; provided,
however, that neither party shall be responsible for gas lost due
to the other party's negligence. If Shipper does not have title
to gas on Transporter's system in quantities sufficient to repay
Transporter in kind, then repayment shall be by cash payment.
3.17 Billings for Facilities - In the event Transporter constructs
facilities that are to be paid for by Shipper, Transporter will
submit invoices to Shipper pursuant to the terms of the
construction contract. Unless otherwise agreed, payment shall be
governed by the provisions of Section 18.
3.18 Shipper Facilities - To the extent that any Shipper for which
Transporter will render transportation service is required to
build facilities to interconnect with Transporter's system, such
facilities shall be in conformance with regulations set forth in
Department of Transportation regulations and shall be subject to
inspection and prior approval of Transporter.
4. CREDIT AND FINANCIAL INFORMATION
4.1 Credit Information and Financial Responsibility - Shipper shall,
upon request from Transporter for new service or for good cause
shown thereafter, provide the following credit information to
demonstrate sufficiently that Shipper will be able to meet or
continue to meet its financial obligations under an agreement:
(a) Most recent audited financial statements and interim
financial statements since audit date. If audited
financial statements are unavailable, Shipper shall provide
the most recent unaudited financial statements in
compliance with GAAP along with an attestation by its Chief
Financial Officer, or equivalent official, that the
information reflected in the unaudited statements is a
true, current and fair representation of the Shipper's
financial condition. Such financial statements shall
include a balance sheet, income statement and statement of
cash flow.