Midcoast Interstate Transmission, Inc.
Second Revised Volume No. 1
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Effective Date: 10/01/1997, Docket: GT97- 71-000, Status: Effective
First Revised Sheet No. 47 First Revised Sheet No. 47 : Effective
Superseding: ORIGINAL SHEET NO. 47
RATE SCHEDULE IT (continued)
(d) Shipper Certification: A Statement by the Shipper
certifying that all necessary upstream and downstream
arrangements will be in place on the date the
transportation service is to commence and that the
Shipper will have title, or the right to acquire title
to the gas to be delivered to Transporter.
(e) Facilities: Identification and location of any
facilities to be constructed or installed by any
party affected by the proposed transportation
service.
(f) Credit Evaluation:
(i) a copy of Shipper's most recent audited
financial statement(s) for the periods subject
to (f) (ii) below;
(ii) a copy of Shipper's most recent twelve month
financial statement or Annual Report and, if
applicable, 10-K form;
(iii)a list of Shipper's affiliates, including parent
and subsidiaries, if applicable.
3.2 In the event Shipper cannot provide the information in
Section 3.1(f)(i) and/or (ii) above, Shipper shall, if
applicable, provide that information for its parent
company. Transporter shall not be required to perform or
to continue service under this Rate Schedule on behalf of
any Shipper who is or has become insolvent or who, at
Transporter's request, fails within a reasonable period to
demonstrate credit worthiness; provided, however, such
Shipper may receive service under this Rate Schedule if
Shipper prepays for such service or furnishes good and
sufficient security, as determined by Transporter in its
reasonable discretion, in an amount equal to the cost of
performing the service requested by Shipper for a three
month period. Transporter shall be entitled to terminate
service to any Shipper that fails to demonstrate credit
worthiness or has become insolvent. For purposes herein,
the insolvency of a Shipper shall be evidenced by the
filing by Shipper or any parent entity thereof (hereinafter