Carnegie Interstate Pipeline Company
Original Volume No. 1
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Effective Date: 01/01/1995, Docket: CP93-552-003, Status: Effective
Original Sheet No. 98 Original Sheet No. 98 : Effective
Superseding: Original Sheet No. 98
GENERAL TERMS AND CONDITIONS
(Continued)
13. CREDITWORTHINESS
13.1 In order to ascertain the creditworthiness of
any customer seeking service under any of CIPCO's
Rate Schedules, whether through a request for service
under Section 9 or in accordance with Sections 10 or
11, CIPCO may require such customer to:
(a) provide CIPCO with current financial
statements, annual reports, 10-K reports or
other filings by the customer or any parent
company of the customer with any regulatory
agency, a list of all of such customer's
affiliates and any reports regarding such
customer or any affiliate of such customer from
credit reporting agencies which are available;
(b) provide CIPCO a bank reference and at
least two trade references to enable CIPCO to
verify that such customer's obligations and the
obligations of any parent company of such
customer are being paid on a reasonably prompt
basis;
(c) provide CIPCO with a verified
statement that neither the customer nor any
parent company is operating under any chapter of
the bankruptcy laws and that neither it nor any
parent company is subject to liquidation or debt
reduction procedures under state laws; and
(d) provide CIPCO with a verified
statement that neither the customer nor any
parent company of the customer has any
significant collection lawsuits or judgments
outstanding which would seriously reflect upon
such customer's ability or the ability of any
parent company of such customer to remain
solvent.
13.2 If the customer fails to satisfy the credit
criteria, such customer may still obtain service
under CIPCO's Rate Schedules if such customer elects
one of the following options: