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. 440 Original Sheet No. 440 : Pending

 

 

GENERAL TERMS AND CONDITIONS

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(e) REPUTS

 

When capacity is recalled, it may not be reput for

the same gas day.

 

(f) DISPUTES

 

In the event of a dispute between the Releasing

Shipper and any other person as to the validity of any recall or

reput, or the status of the holder of the capacity rights, Natural

shall be entitled to conclusively rely on any notice provided by the

Releasing Shipper. The Original Shipper, Replacement Shipper and/or

Subreplacement Shipper involved in any such dispute shall indemnify

and hold Natural harmless from any costs, damages or expenses relating

to Natural's reliance on such notice.

 

19.15 QUALIFICATION FOR PARTICIPATION IN THE CAPACITY RELEASE

PROGRAM

 

(a) Any person wishing to become a Qualified Bidder and

make a Qualified Bid must satisfy the creditworthiness requirements in

Section 16 of these General Terms and Conditions prior to submitting a

Qualified Bid under this Section 19. A person cannot bid for services

which exceed its pre-qualified level of creditworthiness. Natural

shall process--and encourages--applications from potential Qualified

Bidders seeking prequalification for bids they may make in the future.

 

(b) 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 transportation on Natural's system. Should a potential

bidder fail to satisfy such credit criteria, the potential bidder may

still become a Qualified Bidder 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.

 

(c) 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.