Gas Transmission Northwest Corp.
Third Revised Volume No. 1-A
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Effective Date: 01/01/2007, Docket: RP06-407-000, Status: Effective
First Revised Sheet No. 135A First Revised Sheet No. 135A : Effective
Superseding: Original Sheet No. 135A
TRANSPORTATION GENERAL TERMS AND CONDITIONS
(Continued)
18. OPERATING PROVISIONS (Continued)
18.3 Creditworthiness (Continued)
(A) Creditworthiness for Firm Transportation Service (Continued)
(2) (Continued)
(c) Within five (5) business days of a Shipper notifying
GTN either in writing or by fax that it has returned to
creditworthiness, as evidenced by a rating for
unenhanced senior unsecured debt and consistent with
Paragraph 18.3(A)(1)(a) herein, and provided that
Shipper's credit limit is adequate to cover its
contractual obligations, GTN will return, with any
applicable interest, Shipper's security held by GTN
along with reconciliations of interest calculations.
Upon the expiration of Shipper's Agreement(s), GTN
will return, with any applicable interest, Shipper's
security associated with undisputed invoice amounts
within five (5) business days of Shipper paying its
final invoice. Any remaining security will be
returned with interest after resolving any and all
disputed invoice amounts under the expired
Agreement(s). GTN will provide Shipper with final
billing reconciliations detailing interest
calculations.
(B) Credit Standards for Capacity Release
(1) Long Term Capacity Release: The standards for Firm
Transportation Service apply. However, pursuant to
Paragraph 28.3 of this FERC Gas Tariff, a Releasing Shipper
has the option of waiving the creditworthiness requirements
for temporary releases of capacity for as long as the
Releasing Shipper maintains compliance with GTN's
creditworthiness requirements.
(2) Short Term Capacity Release: The standards for Firm
Transportation Service apply. However, pursuant to
Paragraph 28.3 of this FERC Gas Tariff, a Releasing Shipper
has the option of waiving the creditworthiness requirements
for temporary releases of capacity for as long as the
Releasing Shipper maintains compliance with GTN's
creditworthiness requirements.