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. 332 Original Sheet No. 332 : Pending

 

 

GENERAL TERMS AND CONDITIONS

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(v) Representatives and notices regarding Shipper

creditworthiness shall be as provided in Section 16(a) of these General Terms

and Conditions.

 

(vi) If Shipper fails to provide the requested

information or if Natural determines that the Shipper is not creditworthy

based on such information, Section 5.12(a)(1) of these General Terms and

Conditions shall apply for suspension of service and Section 5.12(d) of these

General Terms and Conditions shall apply for termination of service.

 

(b) Any suspension of service hereunder shall continue until

Natural is reasonably satisfied that Shipper is creditworthy under Section

16(a) of these General Terms and Conditions or until Shipper has provided

adequate assurance of future performance under Section 16(b) of these General

Terms and Conditions. A Shipper shall not be obligated to pay any reservation

or demand charges for suspended service attributable to the period when that

service is suspended.

 

(c) At any time after a Shipper is determined to be

noncreditworthy by Natural, the Shipper may initiate a creditworthiness re-

evaluation by Natural. As part of the Shipper's re-evaluation request, the

Shipper must either update or confirm in writing the prior information

provided to Natural related to the Shipper's creditworthiness. Such update

should include any event(s) that the Shipper believes could lead to a

material change in the Shipper's creditworthiness. Such reevaluation shall

be performed consistent with Section 16(a) of these General Terms and

Conditions. After Natural's receipt of such a request for credit

reevaluation including all required information under this Tariff for

evaluation of credit, Natural shall provide a written response to Shipper

within five (5) Business Days. Such written response should include either a

determination of creditworthiness status, clearly stating the reason(s) for

Natural's decision, or an explanation supporting a future date by which a

reevaluation determination will be made. In no event should such

reevaluation determination exceed twenty (20) Business Days from the date of

the receipt of Shipper's Request unless specified in this tariff or if the

parties mutually agree to some later date. If Natural determines that

Shipper is now creditworthy, any security requirement under Section 16(b) of

these General Terms and Conditions shall be terminated and any prepayment

amounts (including any applicable interest) released to Shipper from escrow

within five (5) Business Days after such determination.

 

(d) In addition to suspension, Natural may terminate service if

the Shipper fails to provide adequate assurance of future performance

consistent with Section 16(b) of these General Terms and Conditions. Any

such termination requires thirty (30) days' prior notice to Shipper and to