Pacific Gas Transmission Company

First Revised Volume No. 1-A

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Effective Date: 02/02/1998, Docket: GT98- 17-000, Status: Effective

Fourth Revised Sheet No. 71 Fourth Revised Sheet No. 71 : Effective

Superseding: Third Revised Sheet No. 71

TRANSPORTATION GENERAL TERMS AND CONDITIONS

(Continued)

 

18. OPERATING PROVISIONS (Continued)

 

18.3 (A) Credit-worthiness for Firm Transportation Service

(Continued)

 

(iii) Shipper may, at its own expense,

obtain a private rating from a

recognized debt rating service, or

request that an independent

accountant or financial advisor,

mutually acceptable to PG&E GT-NW and the

Shipper, prepare an equivalent

evaluation based on the financial

rating methodology, criteria, and

ratios for the industry of the Shipper

as published by the above rating

agencies from or

 

(b) Approval by PG&E GT-NW's lenders; or

 

(c) If Shipper is requesting credit to bid on a

parcel that is for one year (365 days) or

less of service through PG&E GT-NW's Capacity

Release Program contained in Paragraph 28,

and this option is selected by the Releasing

Shipper, Shipper may demonstrate

credit-worthiness by providing two years of

audited financial statements for itself, or

for its parent company if it is a subsidiary

which is consolidated with its parent company

and does not issue stand-alone financial

statements, demonstrating adequate financial

strength to justify the amount of credit to

be extended. PG&E GT-NW shall apply consistent

evaluation practices to determine

credit-worthiness.

 

(2) If Shipper does not establish or maintain

credit-worthiness as described above, Shipper has

the option of receiving transportation service

under this FERC Gas Tariff by providing to PG&E GT-NW

one of the following alternatives:

 

 

 

 

(Continued)