Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 11/01/1999, Docket: RP99-506-000, Status: Effective

Fifth Revised Sheet No. 219 Fifth Revised Sheet No. 219 : Superseded

Superseding: Fourth Revised Sheet No. 219

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

6. PROCEDURES FOR REQUESTING SERVICE RIGHTS

 

6.1 Persons desiring Transportation, Storage or Parking

service must deliver a valid executed request for service

rights through the Messengerþ system or in writing in the

form specified by Panhandle's current service rights request

form, as such may be revised from time to time. Written

requests must be submitted to the following address:

 

Panhandle Eastern Pipe Line Company

Attn: Customer Services

P. O. Box 4967

Houston, Texas 77210-4967

Phone: (713) 627-4272 or

1-800-275-7375

Facsimile: (713) 989-1178

 

6.2 Acceptance of a request for service rights and the

continuation of service is contingent upon the Shipper

satisfying, on an on-going basis, a credit appraisal by

Panhandle. Panhandle shall apply consistent evaluation

practices to determine the acceptability of Shipper's

overall financial condition. Such credit appraisal shall

be based upon the following information and criteria:

 

(a) Shipper shall provide current financial statements,

annual reports, 10-K reports or other filings with

regulatory agencies which discuss the Shipper's

financial status, a list of all corporate affiliates,

parent companies and subsidiaries, and any reports

from credit reporting and bond rating agencies which

are available. Panhandle shall determine the

acceptability of Shipper's overall financial

condition, working capital, and profitability trends.

 

(b) Shipper shall provide a bank reference and at least

two trade references. The results of reference

checks and any credit reports submitted in 6.2(a)

must show that Shipper's obligations are being paid

on a reasonably prompt basis.