Gas Transmission Northwest Corp.
Third Revised Volume No. 1-A
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Effective Date: 01/19/2007, Docket: RP07-115-000, Status: Effective
Third Revised Sheet No. 135 Third Revised Sheet No. 135 : Effective
Superseding: Second Revised Sheet No. 135
TRANSPORTATION GENERAL TERMS AND CONDITIONS
(Continued)
18. OPERATING PROVISIONS (Continued)
18.3 Creditworthiness (Continued)
(A) Creditworthiness for Firm Transportation Service (Continued)
(2)(b) (Continued)
(ii) Cash Security Deposit: A Shipper may provide a
cash security deposit for service via cleared
check or wire transfer. For Existing Capacity,
the deposit must be sufficient to cover up to the
value of three months worth of reservation
charges. For Expansion Capacity on lateral
facilities, the pipeline will not require a
deposit greater than Shipper's pro rata share of
the total facilities costs, and such deposit will
be reduced over time in proportion to Shipper's
contract term, consistent with Paragraph 18.3(C)
of these General Terms and Conditions. GTN will
accrue interest on cash security deposits at the
applicable monthly "Federal Funds (effective)"
rate published in the Federal Reserve Statistical
Report H.15. Interest will be paid by GTN on an
annual basis each September 1 or at the time
Shipper's deposit is returned due to either a
return to creditworthiness by Shipper or the
expiration of Shipper's Agreement(s).
(iii) Letter of Credit: Shipper may post a Letter
of Credit (LC) in a form acceptable to GTN. A
form of LC is available on GTN's Internet website.
For Existing Capacity, the LC must be sufficient
to cover up to the value of three months worth of
reservation charges. For Expansion Capacity on
lateral facilities, the pipeline will not require
an LC greater than Shipper's pro rata share of the
total facilities costs, and such LC will be
reduced over time in proportion to Shipper's
contract term, consistent with Paragraph 18.3(C)
of these General Terms and Conditions.
(iv) Any other security mutually agreed upon by Shipper
and GTN. Such other security shall be accepted on
a nondiscriminatory basis.