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. 140 First Revised Sheet No. 140 : Effective
Superseding: Original Sheet No. 140
TRANSPORTATION GENERAL TERMS AND CONDITIONS
(Continued)
18. OPERATING PROVISIONS (Continued)
18.3 Creditworthiness (Continued)
(D) Creditworthiness for Interruptible Transportation Service
(Continued)
(3) (Continued)
(e) Any other security mutually agreed upon by Shipper and
GTN. Such other security shall be accepted on a
nondiscriminatory basis.
(4) Within five (5) business days of a Shipper notifying GTN
either in writing or by fax that it has returned to
creditworthiness consistent with Paragraph 18.3(D)(1)(a) or
18.3(D)(1)(c) 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.
(E) Creditworthiness for Parking and Lending Services
The standards for Interruptible Transportation Service apply
to parking and lending service under GTN Rate Schedules PS-1
and AIS-1, respectively. For lending service, however, the
security requirement under the cash and Letter of Credit
options includes an amount to adequately account for the value
of the gas being lent. The amount of security necessary to
collateralize lent gas will be up to Shipper's maximum
quantity times the average annual "Malin" price, as reported
in Gas Daily's Daily Price Survey, for the preceding calendar
year ended October 31. GTN shall have no obligation to lend
any quantity of gas beyond amounts for which GTN holds
security.