Hardy Storage Company, LLC

Original Volume No. 1

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Effective Date: 07/06/2007, Docket: RP07-480-001, Status: Effective

First Revised Sheet No. 93C First Revised Sheet No. 93C : Effective

Superseding: Original Sheet No. 93C

GENERAL TERMS AND CONDITIONS (Cont’d)

 

(c) Seller may require adequate assurance of payment for

any service under this Tariff requested by an insolvent or

uncreditworthy Customer. Such a Customer may receive or continue to

receive service if it provides adequate assurance of payment for

service. Adequate credit assurance will be calculated as follows:

 

(i) for firm service, the credit assurance elected

must include an advance payment equal to the value of one

(1) month of demand charges under Customer’s Service

Agreement(s) with Seller, to be provided within five (5)

business days from the day Seller notifies the Customer

that Customer did not qualify for or has lost its

creditworthiness status, and an additional full two (2)

months of demand charges to be provided as collateral held

for security within thirty (30) days from the day Seller

notified the Customer that the Customer has not qualified

for or has lost its creditworthiness status;

 

(ii) for all other services provided pursuant to the

Tariff, the credit assurance elected must include an

advance payment equal to the value of one (1) month of the

highest usage under Customer’s Service Agreement(s) with

Seller, to be provided within five (5) business days from

the day Seller notifies the Customer that Customer did not

qualify for or has lost its creditworthiness status, and

an additional two (2) highest months of estimated usage

during the term of the Service Agreement(s) to be provided

as collateral held for security within thirty (30) days

from the day Seller notified Customer that the Customer

has not qualified for or has lost its creditworthiness

status. For a new Customer, adequate credit assurance

will be based on the three (3) highest months of estimated

usage during the term of the Service Agreement and for an

existing Customer, adequate credit assurance will be based

upon the highest three (3) months of activity for all of

Customer’s active Service Agreements during the previous

twelve months.