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