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;