National Fuel Gas Supply Corporation
Third Revised Volume No. 1
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Effective Date: 04/01/1997, Docket: RP97-201-000, Status: Effective
Original Sheet No. 341 Original Sheet No. 341 : Superseded
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