Texas Gas Transmission Corporation
First Revised Volume No. 2-A
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Effective Date: 11/01/1990, Docket: RP90-192-002, Status: Effective
Substitute Original Sheet No. 36 Substitute Original Sheet No. 36 : Effective
RATE SCHEDULE
FT-SL, FT-1, FT-2, FT-3 and FT-4
Firm Transportation Service
(Continued)
the duration of the contract, whichever is
shorter; (ii) Customer may provide a
standby irrevocable letter of credit drawn
upon a bank acceptable to Transporter;
(iii) Customer may provide a security
interest in collateral provided by the
Customer found to be satisfactory to
Transporter; or (iv) Customer may secure
and provide to Transporter a guarantee by
a person or another entity which does
satisfy the credit appraisal criteria.
For Customers electing option 2(i) above
to obtain service, any prepayment will be
retained by Transporter until the earlier
of (1) termination of Customer's trans-
portation service agreement, or (2) one
(1) year from the date service has
commenced if Customer's payment of its
transportation invoice is on a timely
basis in accordance with Section 6 of the
General Terms and Conditions of Trans-
porter's FERC Gas Tariff, First Revised
Volume 2-A. If Customer's transportation
service agreement expires prior to Trans-
porter's returning its prepayment and
Customer owes Transporter for transporta-
tion service rendered, in addition to
other remedies available to Transporter,
Transporter shall have the right to retain
sufficient prepayment to cover any out-
standing balance due it.
(i) Customer must execute the contract within
thirty (30) days after Transporter has accepted
the request for firm service and tendered the
contract to Customer. If Customer does not
execute the contract within this time, Custom-
er's request will be deemed null and void.