Caledonia Gas And Storage

Original Volume No. 1

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

Original Sheet No. 68A Original Sheet No. 68A : Effective

 

(b) Customer shall provide to Caledonia, to secure its

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

a Guarantee granted to Caledonia by its direct or indirect parent (the

"Guarantor") provided that (a) Guarantor has a Credit Rating no lower than

BBB- from Standard and Poor’s Corporation or Baa3 from Moody’s Investor

Services, Inc.; and (b) in the case Rate Schedules AILS and ILS, the amount of

such Guarantee shall not exceed the Unsecured Collateral Limit for such parent

company as determined using the applicable limit associated with the parent

company’s Credit Rating as set forth in Section 24.5 above. The Guarantee

shall be in the form set forth in this Tariff and the provisions of this

section shall apply to the Guarantor as if the Guarantor were the Customer.

 

(c) If requested by Customer, Caledonia may accept other forms

of Financial Assurances in a dollar value not to exceed that set forth in this

Section 24.12, as applicable, to secure Customer’s obligations under the

Service Agreements, provided that