Centerpoint Energy - Mississippi River

Third Revised Volume No. 1

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Effective Date: 12/01/1996, Docket: RP97- 45-000, Status: Effective

Second Revised Sheet No. 94 Second Revised Sheet No. 94 : Effective

Superseding: First Revised Sheet No. 94

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

5. PROCEDURES FOR REQUESTING SERVICE (Continued)

 

(i) MRT shall perform a credit appraisal, if

applicable, by utilizing the following information which

Customer shall furnish to MRT:

 

(A) A copy of Customer's most recent audited

financial statement;

 

(B) A copy of Customer's most recent twelve (12)

month audited financial statement or Annual Report and,

if applicable, SEC 10-K form;

 

(C) A list of Customer's affiliates, including

parent and subsidiaries, if applicable; and

 

(D) A bank reference and two trade references.

The results of reference checks must show that Customer's

obligations are being paid on a reasonably prompt basis.

 

(ii) Customer must also meet the following criteria in

order to be deemed satisfactory for purposes of this Section

5.4(k):

 

(A) Customer must not be operating under any

chapter of the bankruptcy laws and must not be 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. An

exception can be made for a Customer who is a debtor in

possession operating under Chapter XI of the Federal

Bankruptcy Act but only with adequate assurances that the

bills will be paid promptly as a cost of administration

under the federal court's jurisdiction.