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.