K N Wattenberg Transmission LLC

First Revised Volume No. 1

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Effective Date: 12/05/1998, Docket: RP99-141-000, Status: Effective

First Revised Sheet No. 84 First Revised Sheet No. 84 : Effective

Superseding: Original Sheet No. 84

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

29.5 CREDIT WORTHINESS

 

Transporter shall not be required to perform or to continue

service under any Rate Schedule for 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 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 (3) month period. Such cost of performing

the service shall include, but not be limited to, the projected

cost of transporting Shipper's gas or the equivalent of the cost

of the gas owed Transporter by the Shipper under an imbalance.

 

For purposes herein, the insolvency of a Shipper shall be

evidenced by the filing by shipper, or any parent entity

thereof, of a voluntary petition in bankruptcy or the entry of a

decree or order by a court having jurisdiction in the premises

adjudging the Shipper bankrupt or insolvent, or approving as

properly filed, a petition seeking reorganization, arrangement,

adjustment or composition of or in respect of the Shipper under

the Federal Bankruptcy Act or any other applicable federal or

state law, or appointing a receiver, liquidator, assignee,

trustee, sequestrator (or other similar official) of the Shipper

or of any substantial part of its property, or the ordering of

the winding-up or liquidation of its affairs, with said order or

decree continuing unstayed and in effect for a period of sixty

(60) consecutive days.

 

30. SCHEDULING PRINCIPLES

a. The order for scheduling transportation services is as follows:

 

(1) Firm Services at primary points (schedule pro rata based on

nominations);

Firm Services at secondary points (scheduled pro rata based on

nominations);

Firm Services at secondary points within the primary path

have priority over Firm Services at secondary points

outside the primary path

(3) Interruptible Services at maximum rates (scheduled pro rata

based on nominations);

(4) Interruptible Services at less than maximum rates

(scheduled by rate);

(5) Firm Service overrun (scheduled pro rata based on nominations);

(6) Interruptible Service overrun (scheduled pro rata based on

nominations).