Transcontinental Gas Pipe Line Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 12/31/2008, Docket: RP09-158-000, Status: Effective

Original Sheet No. 431 Original Sheet No. 431

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

 

32. CREDIT WORTHINESS (Continued)

 

32.2 (c) (Continued)

 

In the event such Buyer fails to immediately prepay the required three months of

revenue under 32.2(c)(i) or furnish security under options 32.2(c)(ii),

32.2(c)(iii), or 32.2(c)(iv), Seller may, without waiving any rights or remedies

it may have, and subject to any necessary authorizations, suspend further

service until security is received.

 

The insolvency of a Buyer shall be evidenced by the filing of such Buyer or any

parent entity thereof of a voluntary petition in bankruptcy or the entry of a

decree or order by a court having jurisdiction in the premises adjudging the

Buyer or any parent entity thereof bankrupt or insolvent, or approving as

properly filed a petition seeking reorganization, arrangement, adjustment or

composition of, or in respect of the Buyer or any parent entity thereof under

the Federal Bankruptcy Act or any other applicable federal or state law, or

appointing a receiver, liquidator, assignee, trustee, sequestrator, (or similar

official) of the Buyer or any parent entity thereof or of any substantial part

of its property, or the ordering of the winding-up or liquidation of its

affairs, with said order or decree continuing unstayed and in effect for a

period of sixty (60) consecutive days.

 

 

33. ORDER OF DISCOUNTS

 

Seller shall apply discounts to its reservation and commodity charges as follows:

 

Reservation Charge

-------------------

Fixed Cost Unit Rate component of the base reservation rate.

 

Commodity Charge

-------------------

Fixed Cost Unit Rate component of the base commodity rate (only applicable to

interruptible service).

 

All other charges (Electric Power Unit Rate and ACA surcharge) are included as a component of

the minimum rate and as such are not discountable.