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: