Cameron Interstate Pipeline, LLC
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 06/30/2009, Docket: RP09-604-000, Status: Effective
First Revised Sheet No. 62 First Revised Sheet No. 62
Superseding: Original Sheet No. 62
GENERAL TERMS AND CONDITIONS
(continued)
(a) an advance deposit;
(b) a standby irrevocable letter of credit issued by a bank
to Pipeline's satisfaction;
(c) security interest in collateral found to be satisfactory
to Pipeline; or
(d) a guarantee, acceptable to Pipeline, by another person
or entity which satisfies the credit appraisal criteria
set forth in GT&Cs Section 2.5.
If Shipper obtains credit approval by providing an advance deposit or
other credit instrument and then subsequently satisfies the credit
criteria, Pipeline shall return to Shipper any such advance deposit
with interest. Shipper shall continue to provide such advance deposit
or credit instrument for a period of three Months following the
termination of service, unless Shipper pays all of the amounts of any
invoices for service as reasonably determined by Pipeline prior to that
time.
For a Service Request on Pipeline's existing facilities, the amount of
the advance deposit, standby irrevocable letter of credit, security
interest or guarantee should at all times equal (a) for firm
transportation service, three Months of reservation charges, and (b)
for interruptible transportation service, three Months of projected
usage charges, at the maximum applicable unit rate hereunder. For a
Service Request for which Pipeline has agreed to construct new
facilities, the amount of the advance deposit, standby irrevocable
letter of credit, security interest or guarantee should at all times
equal (a) where the new facilities will enable Pipeline to serve more
than one shipper, the lesser of the following: (i) an amount equal to
the reservation rate that will be payable by Shipper under its
transportation agreement multiplied by the maximum daily transportation
quantity under such agreement for five years of service thereunder;
(ii) an amount equal to the ratio of Shipper's maximum daily
transportation quantity under its transportation agreement to the total
authorized capacity of the new facilities multiplied by the total
capital expenditures with respect to such authorized transportation
capacity; or (iii) the reservation rate payable by Shipper for the
number of years remaining on the term of its transportation agreement;
and (b) where the new facilities will enable Pipeline to serve only
Shipper, the entire cost of the new facilities.
Termination or suspension of service and a Service Agreement does
not affect the validity or requirement of a letter of credit or
guarantee in effect at the time service is terminated or suspended.