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. 869 Original Sheet No. 869 : Effective

 

 

INTERCONNECTION AGREEMENT

 

ARTICLE IV

(Cont'd)

 

effective date of this Agreement, and to keep in force throughout the term

of this Agreement, any of one of the following:

 

(1) A security deposit in the amount of Ten Thousand

Dollars ($10,000), to be held in a non-interest-bearing account

by Transporter;

 

(2) An irrevocable letter of credit in a form acceptable

to Transporter bearing a face amount of $10,000;

 

(3) At Transporterþs discretion, a copy of the most

recent audited financial statements of Operator (or of a

guarantor of operatorþs performance hereunder) showing a net

worth in excess of Thirty Thousand Dollars ($30,000), or a copy

of the most recent unaudited financial statements of Operator

(or of a guarantor of Operatorþs performance hereunder) showing

a net worth of at least Forty Thousand Dollars ($40,000), in

which event, Operator shall also provide Transporter with

evidence of its ownership of unencumbered assets valued, in the

aggregate, in excess of Ten Thousand Dollars ($10,000) in each

state in which Operator conducts any business.

 

(C) Transporter reserves the right to require Operator to establish

or demonstrate its creditworthiness, from time to time, during the term of

this Agreement.

 

 

ARTICLE V

 

BALANCING

 

(A) For purposes of this section, a "Positive Imbalance" shall

occur when Operator delivers gas to Transporter at any Exhibit A Receipt

Point that is not scheduled or otherwise allocable to any shipper of

Transporter pursuant to the provisions of Transporterþs FERC Gas Tariff.

 

(B) Except with regard to gas delivered at Receipt Points subject

to an effective Operational Balancing Agreement between Transporter and

Operator, and without limiting any other rights of Transporter hereunder