Great Lakes Gas Transmission Limited Partner
Second Revised Volume No. 1
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Effective Date: 04/27/2001, Docket: RP01-272-000, Status: Effective
Fourth Revised Sheet No. 63 Fourth Revised Sheet No. 63 : Effective
Superseding: Third Revised Sheet No. 63
RATE SCHEDULE IT
INTERRUPTIBLE TRANSPORTATION SERVICE
6.4 Waiver of Requirements
If Transporter already has sufficient credit information to allow Transporter to make a credit
evaluation, and on such information Transporter determines such Shipper to be creditworthy,
Shipper shall be deemed to have met the creditworthiness requirements of this section without
submitting additional credit information.
6.5 Subsequent Information
(a) If any of the events or actions described in Subsection 6.2(g) hereof shall be initiated or
imposed during the term of service hereunder, Shipper shall provide notification to the
Transporter within two (2) working Days of any such initiated or imposed event or action.
At any time during the term of service under a Rate Schedule IT Agreement, Shipper shall
also be required to update the information specified in Subsection 6.2 of this FERC Gas
Tariff, Second Revised Volume No. 1, as may reasonably be required by Transporter, to
determine Shipper's continuing creditworthiness.
(b) Should the Transporter become aware of any significant change in Shipper's financial status
that in its judgement impairs Shipper's continuing ability to satisfy its financial
obligations for service hereunder, Transporter may require Shipper to furnish or bring up
to date the information provided for in Subsection 6.2 hereof within seven (7) Days of the
date of a written request by Transporter. The information must be furnished in writing,
but may be faxed upon mutual agreement of the parties.
(c) To maintain the assigned credit status, the Shipper and/or Guarantor must provide the
following on an annual basis no later than April 30:
(1) a copy of Shipper's most recent audited financial statements; and
(2) a copy of Shipper's most recent annual report to shareholders and Form 10-K, if
Failure to comply with this provision could result in a reclassification to "Prepayment"
7. Conversion of MDQ from Volumetric to Thermal Basis
As required by FERC Order No. 582, Transporter converted its Transportation rates from a
volumetric to a thermal basis effective June 1, 1997. For those Shippers under Rate Schedule IT
whose Transportation Service Agreements were executed prior to the effective date of the
conversion and which Transportation Service Agreements do not reflect the MDQ on a thermal
basis, a one for one conversion will be assumed so that an MDQ of 100,000 Mcf will be equivalent
to an MDQ of 100,000 Dth.