Pacific Gas Transmission Company

First Revised Volume No. 1-A

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Effective Date: 02/02/1998, Docket: GT98- 17-002, Status: Effective

Fourth Revised Sheet No. 72 Fourth Revised Sheet No. 72 : Effective

Superseding: Second Revised Sheet No. 72






18.3 (A) Credit-worthiness for Firm Transportation Service



(a) A guarantee of Shipper's financial performance in a

form satisfactory to PG&E GT-NW and for the term of

the Gas Transportation Agreement from a corporate

affiliate of the Shipper or a third party either

of which meets the credit-worthiness standard

discussed above.


(b) Other security acceptable to PG&E GT-NW's lenders.


18.3 (B) Credit-worthiness for Interruptible Transportation Service


(1) PG&E GT-NW shall not be required to perform or to continue

interruptible transportation service under this FERC

Gas Tariff First Revised Volume No. 1-A on behalf of

any Shipper who is or has become insolvent or who, at

PG&E GT-NW's request, fails within a reasonable period to

demonstrate credit-worthiness. Shipper's

credit-worthiness shall be determined by providing

proof of least two of the items listed below:


(a) A long-term bond or commercial paper rating from

Standard and Poors or Moody's equivalent to a "Ba"

or better, or a commercial paper rating from

Standard and Poors or Moody's equivalent to

Prime-3 or better.


(b) 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, for the

two preceding years showing good financial



(c) An estimated financial strength rating by Dun and

Bradstreet sufficient to cover the credit to be

extended and a corresponding Dun and Bradstreet

composite credit appraisal of "fair" or better.