Canyon Creek Compression Company

Third Revised Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-419-000, Status: Effective

First Revised Sheet No. 134 First Revised Sheet No. 134 : Effective

Superseding: Original Sheet No. 134

GENERAL TERMS AND CONDITIONS

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(6) No significant collection lawsuits or

judgments are outstanding which would seriously reflect upon the

business entity's ability to remain solvent.

 

(b) If a Shipper fails to satisfy the credit criteria,

such Shipper may still obtain service hereunder if it elects one of

the following options:

 

(1) Payment in advance for three (3) months'

service;

 

(2) A standby irrevocable letter of credit drawn

upon a bank acceptable to Canyon;

 

(3) Security interest in collateral provided by

the Shipper found to be satisfactory to Canyon; or

 

(4) Guarantee by a person or another entity which

does satisfy the credit appraisal.

 

(c) Canyon's credit appraisal procedures involve the

establishment of dollar credit limits on a standardized,

nondiscriminatory basis. To the extent that a Shipper's accounts

with Canyon do not exceed such limit, and Shipper has met all

creditworthiness requirements as determined in periodic credit

reviews by Canyon, which reviews may be conducted on at least an

annual basis, no new credit appraisals shall be required when an

existing Agreement is amended or a request for a new Agreement is

made, provided that Shipper's payment history has been satisfactory

and there is no bona fide basis for questioning Shipper's

creditworthiness.

 

(d) Canyon shall comply with the creditworthiness

standards incorporated by reference in Section 34 of these General

Terms and Conditions pursuant to Section 284.12 of the Commission's

Regulations (18 C.F.R. Section 284.12) (Version 1.7, as amended by

2004 Annual Plan Item 2 (Order No. 2004 Standards); and 2005 Annual

Plan Item 8 (May 3, 2005) (Affiliate Order Standards).