Great Lakes Gas Transport, L.L.C.
Second Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 01/01/1998, Docket: RP98- 82-000, Status: Effective
Original Sheet No. 164 Original Sheet No. 164 : Effective
GENERAL TERMS AND CONDITIONS
FOR TRANSPORTATION SERVICE
24. QUALIFICATION FOR SERVICE (cont'd)
(f) Credit Evaluation:
(i) a copy of Shipper's most recent audited financial statement
and most recent financial statement, audited or unaudited;
(ii) a copy of Shipper's most recent twelve-month audited finan-
cial statement or Annual Report and, if applicable, 10-K
(iii) a list of Shipper's affiliates, including parent and subsi-
diaries, if applicable.
In the event Shipper cannot provide the information in
Subsection 24.1(f)(i) and/or (ii) above, Shipper shall, if
applicable, provide that informtion for its parent company.
24.2 (a) Transporter shall not be required to perform or to continue ser-
vice on behalf of any Shipper who is or has become insolvent or
who, at Transporter's request, fails within a reasonable period
to demonstrate creditworthiness; provided, however, such Shipper
may receive service:
(i) if Shipper prepays for such service or furnishes good and
sufficient security, as determined by Transporter in its
reasonable discretion, in an amount equal to the cost of
performing the service requested by Shipper for a three-
month period; or
(ii) if it furnishes an irrevocable letter of credit pursuant to
Section 24.2(c) hereof.