Caledonia Gas And Storage

Original Volume No. 1

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Effective Date: 12/05/2007, Docket: RP08- 57-000, Status: Effective

First Revised Sheet No. 67 First Revised Sheet No. 67 : Effective

Superseding: Superseding Original Sheet No. 67

Caledonia shall designate on its Internet Website or in written notices

to the Customer, the e-mail addresses of up to two representatives who are

authorized to receive notices regarding the Customer’s creditworthiness. The

Customer’s obligation to provide information of receipt is met by sending such

confirmation to such representatives, and Caledonia shall manage internal

distribution of any such confirmations.

 

(f) At any time after the Customer is determined to be

uncreditworthy by Caledonia, the Customer may initiate a creditworthiness

re-evaluation by Caledonia. As part of the Customer’s re-evaluation request,

the Customer shall either update or confirm in writing the prior information

provided to Caledonia related to the Customer’s creditworthiness. Such update

shall include any event(s) that the Customer believes could lead to a material

change in the Customer’s creditworthiness.

 

(g) After Caledonia’s receipt of a Customer’s request for

re-evaluation, including all required information pursuant to NAESB WGQ

Standard 0.3.8 ("Customer’s Request"), within five (5) Business Days Caledonia

shall provide a written response to the Customer’s Request. Such written

response shall include either a determination of creditworthiness status,

clearly stating the reason(s) for Caledonia’s decision, or an explanation

supporting a future date by which a re-evaluation determination will be made.

In no event shall such re-evaluation determination exceed twenty (20) Business

Days from the date of the receipt of the Customer’s Request unless specified

in Caledonia’s Tariff or if the Parties mutually agree to some later

date.

 

(h) In complying with the creditworthiness related notifications

pursuant to the applicable NAESB WGQ standards, the Customer(s) and Caledonia

may mutually agree to other forms of communication in lieu of e-mail

notification.

 

24.11 If Caledonia determines that a Customer is or, subsequent to

the commencement of Service on Caledonia’s system, has become uncreditworthy,

Caledonia will notify Customer via e-mail and facsimile stating that the

Customer has been determined to be uncreditworthy. Within ten (10) Days of

such notice, Caledonia will provide the uncreditworthy Customer a written

explanation of the reasons for such loss of creditworthiness and will provide

a recourse for Customer to challenge such determination.

 

24.12 A Customer that does not have, or at anytime fails to maintain

an Acceptable Credit Rating, shall provide to Caledonia, to secure its

obligation to Caledonia pursuant to each of Customer’s Service Agreements, one

or more of the following forms of Financial Assurances.

 

(a) An irrevocable Letter of Credit, subject to the following:

(1) In the case of Customers whose firm service commences with the first

day of authorized operation of Caledonia’s facilities or Customers taking

service from expansion facilities and whose service commences on the first day

of authorized operation of those facilities, each Letter of Credit shall be in

effect for the lesser of one (1) year or for the Term of the transaction plus

120 days.  If