Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 10/17/2006, Docket: RP06-177-003, Status: Effective

Original Sheet No. 55A Original Sheet No. 55A : Effective

 

 

3.6 Transporter shall not be required to perform or to

continue service 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 as defined in

Section 3.5 herein. In the event a Shipper which has previously

qualified as creditworthy becomes insolvent or can no longer

demonstrate creditworthiness, Transporter shall provide service

(1) under the ITS or RTS Rate Schedules for such Shipper 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 Transportation

Commodity Charge multiplied by the Maximum Equivalent Quantity

and, if applicable, the Transportation Demand Charge for the

service requested pursuant to the Transporter's applicable Rate

Schedules for a period of three months or the duration of the

contract, whichever is shorter; (2) under the PAL Rate Schedule

for such Shipper, 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 arithmetic average of the monthly New York City Gate Prices

for the twelve (12) months prior to the 1st of the month that

the prepayment or security is provided, as published in Natural

Gas Week and posted on Transporter's Electronic Bulletin Board,

multiplied by the Maximum Balance Quantity requested; and (3)

under the HUB Rate Schedule for such Shipper, 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 Transportation Commodity Charge multiplied

by the Maximum Balance Quantity for the service requested

pursuant to the Transporter’s applicable Rate Schedules for a

period of thirty days and an additional amount equal to the

arithmetic average of the monthly New York City Gate Prices for

the twelve (12) months prior to the 1st of the month that the

prepayment or security is provided, as published in Natural Gas

Week and posted on Transporter’s Electronic Bulletin Board,

multiplied by the Maximum Balance Quantity requested. In the

event Shipper fails to prepay or furnish security, Transporter

may, without waiving any rights or remedies it may have, and

subject to any necessary authorizations, suspend or terminate

further service until security is received. In the event that

Transportation Commodity Charges are prepaid,