Trunkline LNG Company, LLC
Second Revised Volume No. 1-A
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Effective Date: 08/01/2003, Docket: RP03-535-000, Status: Effective
Original Sheet No. 60 Original Sheet No. 60 : Effective
GENERAL TERMS AND CONDITIONS
2. REQUESTS FOR SERVICE (Continued)
(B) Upon notification by TLNG that Shipper has failed
to satisfy the credit criteria, or subsequently
during the term of the Service Agreement that
Shipper no longer satisfies the credit criteria,
Shipper may still obtain credit approval from TLNG
if it elects to provide one of the following: (1)
an advance deposit; (2) a Standby Irrevocable
Letter of Credit; (3) security interest in
collateral found to be satisfactory to TLNG; or (4)
a guaranty, acceptable to TLNG, by another person
or entity which satisfies the credit appraisal. An
advance deposit, Standby Irrevocable Letter of
Credit, or security interest should at all times
equal the three highest Months of estimated usage
during the term of the Service Agreement.
(C) If Shipper's credit standing ceases to meet TLNG's
credit requirements during the period of service,
then TLNG has the right to require security or
prepayments as specified above. If satisfactory
security or prepayment is not tendered in a time
period as reasonably determined by TLNG, then TLNG
is not required to continue service.
(D) If Shipper is unable to maintain credit approval,
the Service Agreement shall terminate as of the
first day of the Month following written notice of
such termination by TLNG to Shipper.
To be considered valid, a request for firm service, other
than capacity release pursuant to Section 9, must be
accompanied by payment of the lesser of (1) the
applicable Reservation Charge for one Month or (2)
$10,000. Such payment must be made by Shipper to TLNG.
This payment plus the interest accrued from the date
payment is received until the date service commences
shall be used to offset Shipper's monthly bill. If
Shipper's request expires, is withdrawn, or TLNG declines
to tender a Service Agreement, TLNG shall refund
Shipper's payment plus the accrued interest from the date
payment is received until the refund is sent to Shipper.
For purposes of this section, accrued interest shall be
computed in a manner consistent with Section 154.501(d)
of the Commission's Regulations.