National Fuel Gas Supply Corporation

Fourth Revised Volume No. 1

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Effective Date: 08/01/1997, Docket: RP97-398-000, Status: Effective

Original Sheet No. 470 Original Sheet No. 470 : Effective

 

GENERAL TERMS AND CONDITIONS

 

 

31. QUALIFICATION FOR SERVICE (Cont'd.)

 

(f) Credit Evaluation:

 

(i)a copy of Shipper's most recent audited financial

statement and most recent financial statement, audited

or unaudited;

 

(ii)a copy of Shipper's most recent twelve-month audited

financial statement or Annual Report and, if applicable,

10-K form;

 

(iii)a list of Shipper's affiliates, including parent and

subsidiaries, if applicable.

 

In the event Shipper cannot provide the information in

Subsection 31.1(f)(i) and/or (ii) above, Shipper shall, if

applicable, provide that information for its parent company.

 

31.2 (a)Transporter shall not be required to perform or to continue

service on behalf of any Shipper who is or has become

insolvent or who, at Transporter's request, fails within a

reasonable period to demonstrate credit worthiness; provided,

however, such Shipper may receive service

 

(i) if Shipper prepays for such service or furnishes good

and sufficient security, as determined by Transporter in

its reasonable discretion, in an amount equal to:

 

(A) for service under the IAS, IR-1 and IR-2 Rate

Schedules, the highest Negative Imbalance Cash-Out

price (set forth at Section 14.10(a) of these

General Terms and Conditions) occurring during the

twelve (12) month period preceding the date service

is requested times the quantity of advanced gas

requested, or