Empire Pipeline, Inc.

Original Volume No. 1

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Effective Date: 12/10/2008, Docket: CP06-5-010, Status: Effective

Original Sheet No. 116 Original Sheet No. 116

 

GENERAL TERMS AND CONDITIONS

 

 

2. QUALIFICATION FOR SERVICE (Cont'd.)

 

 

If Shipper does not meet the criteria described above then

Transporter may evaluate Shipper's creditworthiness based

upon the following information and credit criteria:

 

(i) any information furnished pursuant to Section 2.2(a)

(i) - (x) above;

 

(ii) S&P, Moody's, and Fitch's opinions, watch alerts, and

rating actions, news reports, and industry

publications;

 

(iii) whether Shipper is operating under any chapter of the

bankruptcy laws and/or subject to liquidation or debt

reduction procedures under state laws;

 

(iv) whether Shipper is subject to any lawsuits or

judgments outstanding which would seriously reflect

upon its ability to remain solvent;

 

(v) whether the financial condition of any affiliate or

subsidiary of Shipper or Shipper's parent could

adversely affect Shipper's ability to pay for

services;

 

(vi) the amount of debt the Shipper or its parent, if the

parent is guarantying its performance, has coming due

within the term of the requested service agreement;

 

(vii) Shipper's ongoing business relationship with

Transporter, if any, consideration being given to

delinquent balances being outstanding for services

rendered, and payment of its prior invoices from

Transporter according to Section 7 of Transporter's

tariff;

 

(viii)whether there have been any material changes in the

Shipper's use of services or creation of imbalances;