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. 118 Original Sheet No. 118

 

GENERAL TERMS AND CONDITIONS

 

 

2. QUALIFICATION FOR SERVICE (Cont'd.)

 

 

status, unless Shipper complies with Transporter's security

requirements. A Shipper that loses its creditworthiness

status may continue service by providing an advance payment

of an amount equal to one month's charges for services, and

satisfying the requirements of Section 2.2(e) within thirty

(30) days of the date of the notice.

 

 

(d) Transporter also reserves the right, on an on-going basis,

to limit Shipper's service to a level that is commensurate

with Shipper's credit limit.

 

 

(e) Security Requirements

 

(i) A non-creditworthy Shipper may receive service if Shipper

prepays for such service, pursuant to a pre-payment

agreement, or provides Transporter, with adequate

security

 

A) in the form of:

 

1) a grant to Transporter of a security interest

in the form of cash collateral; or

 

2) an irrevocable stand-by letter of credit,

satisfactory in form and substance to

Transporter, from a bank or other financial

institution acceptable to Transporter; and