Gulf States Transmission Corporation

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

First Revised Sheet No. 32 First Revised Sheet No. 32 : Effective

Superseding: Original Sheet No. 32

 

 

RATE SCHEDULE IT

Interruptible Transportation Service (Continued)

 

8. OTHER CONDITIONS OF SERVICE (Continued)

 

necessary permits are obtained.

 

8.4 [Reserved for future use]

 

8.5 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.