Texas Gas Transmission, LLC
Third Revised Volume No. 1
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Effective Date: 09/15/2008, Docket: RP08-392-000, Status: Effective
Original Sheet No. 1700 Original Sheet No. 1700 GENERAL TERMS AND CONDITIONS Section 55. Credit Requirements and Financial Information The credit requirements and financial information contained in this Section 5 shall be applicable to all services rendered by Texas Gas and any results that may arise therefrom. 5.1 Credit Information and Financial Responsibility - At Texas Gas' request Customer shall provide the following: (a) A complete set of its most recent audited financial statements and interim financial statements since audit date, most recent annual report, most recent SEC Form 10-K and Form 10-Q, and applicable annual filings with other regulatory agencies. If audited financial statements are unavailable, Customer shall provide the most recent unaudited financial statements along with an attestation by its Chief Financial Officer that the information reflected in the unaudited statements is a true, current and fair representation of the Customer's financial position. (b) Any reports from credit rating and bond rating agencies which are available. (c) A list of all corporate affiliates, parent companies and subsidiaries. (d) A bank reference and at least three trade references. (e) A statement of the legal composition of the business (i.e., corporation, limited partnership, etc.) (f) A statement of the length of time the business has been in operation. (g) Verification that Customer is not operating under any chapter of the bankruptcy laws and is not subject to liquidations or debt reduction procedures under state laws, such as an assignment for the benefit of creditors, or any informal creditors' committee agreement. In the event that Customer is a debtor in possession operating under Chapter XI of the Federal Bankruptcy Act, Customer shall so state. In such event, Customer's Request for Service shall be contingent upon Customer also providing adequate assurance that the billing will be paid promptly as a cost of administration under the federal court's jurisdiction. (h) Verification that Customer is not subject to the uncertainty of pending liquidation or regulatory proceedings in state or federal courts which could cause a substantial deterioration in its financial condition, which could cause a condition of insolvency, or the inability to exist as an on- going business entity.