Pinnacle Pipeline Company
ORIGINAL VOLUME NO. 1
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Effective Date: 10/08/2003, Docket: RP04-102-001, Status: Effective
Original Sheet No. 153 Original Sheet No. 153 : Effective
Shipper shall provide, upon Transporter's
request, updated financial statements
periodically in order to determine the
continuing creditworthiness of a Shipper.
(e) Transporter shall also consider the
Shipper's past payment record with
Transporter. Specifically, if Shipper is
current with its payments to Transporter,
and has not been delinquent in paying bills
to Transporter over the past twelve (12)
months (with good faith billing disputes
excepted), the Shipper shall be deemed to
have met the creditworthiness standard with
respect to its existing transportation and
storage contracts with Transporter.
Shipper's past payment record with
Transporter and other pipelines shall also
be considered in establishing
creditworthiness requirements for new
transportation and storage contracts on
Transporter.
22. RIGHT OF FIRST REFUSAL
22.1 If a Firm Transportation Agreement at the maximum
recourse rate for a term of twelve (12) or more
consecutive months of service contains no
automatic extension provision, Shipper shall be
entitled to a right of first refusal ("ROFR") to
the renewal of its Transportation Quantity in
accordance with the following procedures.
Transporter shall post the capacity for bidding
on its Web Site no later than 180 days prior to
the expiration of Shipper's Firm Transportation
Agreement. The capacity will remain posted on
the Web Site for a minimum of 20 days ("ROFR
Bidding Period"), with such posting containing
the following information with respect to the
capacity:
(a) Daily Transportation Quantity;
(b) Receipt and Delivery Points;
(c) Maximum reservation charge;