Gas Transmission Northwest Corp.
Third Revised Volume No. 1-A
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Effective Date: 01/19/2007, Docket: RP07-115-001, Status: Pending
Fourth Revised Sheet No. 138 Fourth Revised Sheet No. 138 : Pending
Superseding: First Rev Second Revised Sheet No. 138
TRANSPORTATION GENERAL TERMS AND CONDITIONS
(Continued)
18. OPERATING PROVISIONS (Continued)
18.3 Creditworthiness (Continued)
(D) Creditworthiness for Interruptible Transportation Service
(Continued)
(3) (Continued)
(a) Guarantee: Shipper may obtain a guarantee of financial
performance in a form satisfactory to GTN from a corporate
affiliate of the Shipper or a third party, either of which
meets the creditworthiness standard discussed above. For
these companies, the credit limit will be based upon the
financials of the guarantor. A form of guarantee is
available on GTN's Internet website. If during the term of
service the guarantor does not meet the creditworthiness
standards discussed above, then GTN may request additional
assurances as described in (a) through (e) below if GTN
agrees to release the original guarantor of all obligations
at the time Shipper provides the additional assurances.
(b) Cash Options: A Shipper may provide cash as security for
service via cleared check or wire transfer. Shippers may
provide either of the following forms of cash security:
(i) A cash security deposit up to the maximum amount of
the services that may be provided in any three-month
period under an interruptible Agreement. Such cash
security deposit will remain in place to allow
continued service under Shipper's IT Agreement(s).
Cash security deposits will earn interest 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).
(Continued)