Williston Basin Interstate Pipeline Co.

Second Revised Volume No. 1

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Effective Date: 05/11/2009, Docket: RP09-506-000, Status: Effective

Sixth Revised Sheet No. 197 Sixth Revised Sheet No. 197

Superseding: Fifth Revised Sheet No. 197

 

GENERAL TERMS AND CONDITIONS (Continued)

 

7. AFFILIATED TRANSACTIONS COMPLIANCE PLAN AND SERVICE REQUEST

FORMS (Continued)

 

7.7. Financial Data for a Credit Evaluation

 

Transporter's acceptance of a request for service is contingent upon

Shipper satisfying a Credit Evaluation by Transporter. A Credit

Evaluation Form, provided on Transporter's Website under Other

Information, must be completed in full by any Shipper as detailed in

this Section and/or Section 22.1 of these General Terms and Conditions.

 

7.7.1 Upon receipt of all the information required, Transporter

shall conduct, on a non-discriminatory basis, a financial

evaluation to determine the acceptability of a Shipper's overall

financial condition. Such credit evaluation and any further or

on-going credit evaluation, as may be necessary, shall be based

upon the following information and criteria.

 

7.7.1.1 Shipper shall provide current financial

statements (audited if available), annual reports, 10-K

reports or other filings with regulatory agencies which

discuss Shipper's financial status, a list of all corporate

affiliates, parent companies and subsidiaries, and any

reports from credit reporting and bond rating agencies that

are available.

 

7.7.1.2 Shipper shall provide a bank reference and at

least two trade references.

 

7.7.1.3 Shipper shall confirm in writing that Shipper 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.

An exception can be made for a Shipper who is a debtor in

possession