Cameron Interstate Pipeline, LLC
Original Volume No. 1
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Effective Date: 11/01/2008, Docket: RP08-647-000, Status: Effective
Original Sheet No. 58 Original Sheet No. 58
GENERAL TERMS AND CONDITIONS
(continued)
(c) Pipeline shall have no obligation to construct new
facilities to provide transportation service to any new
Delivery Point(s) or from any new Receipt Point(s).
2.4 If requesting firm service, including service at discounted rates or
Negotiated Rates, Shipper shall make a prepayment by wire transfer
in an amount equal to the maximum reservation rate as stated on
Pipeline's effective rate Sheet No. 6 for one Month's service at the
levels specified in Shipper's Service Request. The prepayment shall
be applied to the first Month's invoice or refunded in accordance
with the applicable rate schedule. A successful bidder shall pay
the applicable reservation payment for firm service awarded through
an open season.
2.5 Creditworthiness. Pipeline shall not be required to (i) execute a
Transportation Service Agreement providing for service under the
applicable Rate Schedule for any Shipper who fails to meet
Pipeline's standards for creditworthiness, or (ii) initiate service
for a Shipper who fails to meet Pipeline's standards for
creditworthiness, or (iii) continue transportation service for any
Shipper who is or has become insolvent or who, at Pipeline's
request, fails within a reasonable period to demonstrate
creditworthiness pursuant to Pipeline's standards. For purposes
herein, the determination of Shipper's creditworthiness shall be
based upon: (i) a credit rating of investment grade, defined as a
rating of at least "BBB-" by Standard & Poor's Corporation, or a
rating of at least "Baa3" by Moody's Investors Service, Inc. or (ii)
if Shipper is not rated by Standard & Poor's or Moody's rate
methodology, criteria and ratios which are generally acceptable in
the natural gas industry. In the event that Pipeline determines
that Shipper does not have an acceptable rating as set forth above,
Shipper may, at its own expense, obtain a private rating from
Standard & Poor's or Moody's, or as an alternative, request that an
independent accountant or an independent financial consultant,
mutually acceptable to Shipper and Pipeline, prepare an equivalent
evaluation based on the financial rating methodology, criteria and
ratios generally acceptable in the natural gas industry as published
by the above rating agencies from time to time.
Additionally, Pipeline may request from Shipper the following
information, and Shipper shall provide the response in a time frame
determined by Pipeline: