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Original Sheet No. 341 Original Sheet No. 341 : Superseded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