Millennium Pipeline Company, L. L. C.
Original Volume No. 1
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Effective Date: 12/22/2008, Docket: CP98-150-011, Status: Effective
Original Sheet No. 68 Original Sheet No. 68
GENERAL TERMS AND CONDITIONS
(Continued)
(2) a copy of Requestor's most recent Annual Report and, if
applicable, most recent Forms 10-Q and 10-K; provided that if Requestor
has no Annual Report or Forms 10-Q or 10-K it must provide (a) its
financial statement for the most recent period available, which may be
unaudited but if unaudited, must be signed and attested by Requestor's
President and Chief Financial Officer as fairly representing the
financial position of the company; (b) any current filings with other
regulatory agencies that discuss Requestor's financial condition, and
(c) a detailed business description that includes Requestor's corporate
form, the number of years or months it has been in business, the nature
of its business, and the number of its employees;
(3) a list of Requestor's affiliates, including any parent and
subsidiary companies;
(4) the names, addresses and telephone numbers of three trade
references with whom Transporter may make reasonable inquiry into
Requestor's creditworthiness, and copies of any available reports from
credit reporting and bond rating agencies. The results of reference
checks and any credit reports submitted herein must show that
Requestor's obligations are being paid on a reasonably prompt basis;
(5) names, addresses, and telephone numbers of bank references;
(6) disclosure of past or pending bankruptcy or other similar
state or federal proceedings, outstanding judgments or pending claims or
lawsuits that could affect the solvency of Requestor;
(7) confirmation in writing that Requestor is not operating
under any chapter of the bankruptcy laws and is not subject to
liquidation or debt reduction procedures under state laws, such as an
assignment for the benefit of creditors, or any informal creditors'
committee agreement. Transporter may make an exception for a Shipper who
is a debtor in possession operating under Chapter XI of the Federal
Bankruptcy Act if Transporter is adequately assured that the service
billing will be paid promptly as a cost of administration under the
federal court's jusisdiction;
(8) a list of owners and/or shareholders of Requestor, if
Requestor is privately held; and
(9) any other data Shipper desires to submit that would assist
Transporter in determining creditworthiness.