Natural Gas Pipeline Company Of America
Seventh Revised Volume No. 1
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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective
Original Sheet No. 294 Original Sheet No. 294 : Pending
GENERAL TERMS AND CONDITIONS
Shipper submits the offer. The reserve price matrix in the resulting
open season will include an entry for the specific term in the offer by
the Shipper initiating the open season. Otherwise, Natural can establish
all parameters of the open season to the same extent as set out in
Section 5.1(c)(1) or Section 5.1(c)(2), as applicable. Requests for a
Shipper-Initiated Open Season may not include a Negotiated Rate or
Negotiated Rate Formula.
(7) SPREADSHEETS Contemporaneous with posting of
an open season, Natural shall make available (subject only to reasonable
user requirements) electronic spreadsheets setting out the analyses
which will be used to determine the winning bid(s), in a format which
will allow the user to calculate net present value.
(8) CONDITIONS ON REQUESTS AND BIDS This
subsection sets out conditions applicable to all requests and bids for
firm capacity. Natural shall reject any request or bid for service
which may detrimentally impact the operational integrity of Natural's
system (if Natural rejects a bid or request on this basis, it will
provide a written explanation of the operational basis for this action);
which does not satisfy all the terms of an applicable posting and/or
does not provide all the information required by the posting; which
contains terms and conditions other than those in Natural's Tariff
and/or an applicable posting; which would not constitute a valid request
under the applicable rate schedule (it being understood that a bid
cannot be rejected for incompleteness if all information required by the
bid form and the applicable posting has been provided); or is in any way
inconsistent with Natural's Tariff and/or an applicable posting. Any
Shipper wishing to bid in an open season or submit a request for
capacity must satisfy the creditworthiness requirements in Section 16 of
these General Terms and Conditions prior to submitting a bid or request.
A Shipper cannot bid for or request services which exceed its pre-
qualified level of creditworthiness. Natural shall process - and
encourages - applications from potential bidders or requesters seeking
prequalification for bids or requests they may make in the future.
Credit applications shall be completed in full with all information
required to establish creditworthiness under the credit criteria
included in Natural's rate schedule covering the applicable service.
Should a potential bidder or requester fail to satisfy such credit
criteria, it may still qualify by providing a prepayment, letter of
credit, security interest or guarantee satisfactory to Natural as
further set forth in Section 16 of these General Terms and Conditions.
Based on Natural's continuing review of a Shipper's financial records,
Natural shall have the right to amend a Shipper's line of credit and
lower or increase the quantity and term.