Gulf States Transmission Corporation

Original Volume No. 1

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Effective Date: 12/02/2005, Docket: RP06- 76-000, Status: Effective

First Revised Sheet No. 18 First Revised Sheet No. 18 : Effective

Superseding: Original Sheet No. 18

 

 

RATE SCHEDULE FT

Firm Transportation Service (Continued)

 

(d) If the transportation service is to be performed under Section

311(a) of the NGPA, certification by the local distribution

company or intrastate pipeline on whose behalf such

transportation is to be performed, that it is aware that

Shipper has requested transportation service from Transporter;

that it will receive some economic benefit from the

transportation Agreement entered into between transporter and

Shipper pursuant to Section 311(a) of the NGPA; and that the

subject transportation is "on behalf of" such local

distribution company or intrastate pipeline within the meaning

of Section 311(a).

 

7.4 [Reserved for future use]

 

7.5 Acceptance of a transportation service request is contingent upon a

satisfactory credit appraisal by Transporter. Such credit appraisal

must meet the following criteria:

 

(a) Shipper shall provide (a) current financial statements, annual

reports, 10-K reports or other filings with regulatory

agencies, (b) a list of all corporate affiliates, parent

companies and subsidiaries, and (c) any reports from credit

reporting agencies which are available. Transporter shall

apply consistent evaluation practices to determine the

acceptability of the Shipper's overall financial condition,

working capital, and profitability trends.

(b) A bank reference and at least three trade references must be

provided by Shipper. The results of reference checks and any

credit reports must show that Shipper's obligations are being

paid on a prompt basis.

(c) Shipper must not be operating under any chapter of the

bankruptcy laws and must not be subject to liquidation or debt

reduction procedures under the state laws, such as an

assignment for the benefit of creditors, or any informal

creditors' committee agreement.

(d) Shipper must not be subject to the uncertainty of pending

litigation or regulatory proceedings in state or federal

courts which could cause a substantial deterioration in its

financial condition.

(e) Transporter may monitor Shipper's creditworthiness on an

ongoing basis.