Southwest Gas Storage Company

Original Volume No. 1

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Effective Date: 06/07/1991, Docket: CP90-1014-005, Status: Effective

First Revised Sheet No. 103 First Revised Sheet No. 103 : Superseded

Superseding: Original Sheet No. 103

 

RATE SCHEDULE ISS (Continued)

FIRM STORAGE SERVICE

 

 

(c) The interruptible storage service rendered

hereunder is contingent upon Buyer satisfying a

credit appraisal by Seller.

 

(1) Such credit appraisal shall be based upon the

following information and criteria:

 

(i) Buyer shall provide current financial

statements, annual reports, 10-K

reports, filings with regulatory

agencies, a list of all corporate

affiliates, parent companies and

subsidiaries, and any reports from

credit reporting and bond rating

agencies which are are available. Seller

shall apply consistent evaluation

practices to determine the

acceptability of the Buyer's overall

financial condition, working capital,

and profitability trends.

 

(ii) Buyer shall provide a bank reference

and at least two trade references. The

results of reference checks and any

credit reports submitted in (i) must

show that Buyer's obligations are being

paid on a reasonably prompt basis.

 

(iii) Buyer shall confirm that Buyer is not

operating under any chapter of the

bankruptcy laws and is not 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.