Maritimes & Northeast Pipeline, L.L.C.

First Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 09/26/2005, Docket: RP05-582-000, Status: Effective

First Revised Sheet No. 222 First Revised Sheet No. 222 : Effective

Superseding: Original Sheet No. 222

GENERAL TERMS AND CONDITIONS

(continued)

 

3. SERVICE REQUESTS AND CONTRACTING FOR SERVICE (continued)

 

3.6 [Reserved for Future Use]

 

3.7 Pipeline shall apply, on a non-discriminatory basis,

consistent financial evaluation standards to determine the

acceptability of Customer/Interconnecting Party's overall

financial condition. Such credit appraisal and any further

or ongoing credit appraisal as may be necessary shall be

based upon the following information and criteria:

 

(a) Customer/Interconnecting Party shall provide current

financial statements, annual reports, 10-K reports or

other filings with regulatory agencies which discuss

Customer/Interconnecting Party's financial status; a

list of all corporate affiliates, parent companies and

subsidiaries; and any reports from credit reporting

and bond rating agencies which are available.

Pipeline shall determine the acceptability of the

Customer/Interconnecting Party's overall financial

condition.

 

(b) A Customer/Interconnecting Party requesting long-term

firm transportation service with a primary term of

over one (1) year must (i) demonstrate that the

Customer's senior, unsecured non-credit enhanced long-

term debt is rated by Moody's Investors Service, Inc.

as Baa3 or higher, by Standard & Poor's BBB- or

higher, by Dominion Bond Rating Service as BBB or

higher, or by Canadian Bond Rating Service as B++ or

higher; provided that, if such Customer's senior,

unsecured, non-credit enhanced long-term debt is rated

by two or more such agencies, at least two of the

assigned ratings shall meet such credit standards; or

(ii) provide a guarantee of payment by another entity

whose senior unsecured, non-credit enhanced long-term

debt meets the test in clause (i). A Customer

requesting short-term firm transportation service with

a primary term of one (1) year or less or