Great Lakes Gas Transport, L.L.C.

Second Revised Volume No. 1

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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

(cont'd)

 

 

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

form;

 

(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.