Valero Interstate Transmission Company

First Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 11/01/1991, Docket: GT91- 42-000, Status: Effective

Original Sheet No. 63 Original Sheet No. 63 : Superseded

 

 

GENERAL TERMS AND CONDITIONS

----------------------------

(continued)

 

 

i. Shipper shall endeavor to deliver and receive natural gas in uniform

hourly quantities during any day with operating variations to be

kept to the minimum feasible.

 

j. Vitco shall not be required to perform or to continue interruptible

service under this FERC Gas Tariff on behalf of any Shipper who is

or has become insolvent or who, at Vitco's request, fails within a

reasonable period to demonstrate credit-worthiness; provided,

however, such Shipper may receive interruptible service under this

FERC Gas Tariff if Shipper prepays for such service or furnishes

good and sufficient security, as determined by Vitco in its

reasonable discretion, in an amount equal to the cost of performing

the service requested by Shipper for a six (6) month period. For

purposes of this FERC Gas Tariff, the insolvency of a Shipper shall

be evidenced by the filing by such Shipper or any parent entity

thereof (hereinafter collectively referred to as "the Shipper") of

a voluntary petition in bankruptcy or the entry of a decree or order

by a court having jurisdiction in the premises adjudging the Shipper

a bankrupt or insolvent, or approving as properly filed a petition

seeking reorganization, arrangement, adjustment or composition of or

in respect of the Shipper under the Federal Bankruptcy Act or any

other applicable federal or state law, or appointing a receiver,

liquidator, assignee, trustee, sequestrator (or other similar

official) of the Shipper or of any substantial part of its property,

or the ordering of the winding-up or liquidation of its affairs,

with said order or decree continuing unstayed and in effect for a

period of sixty (60) consecutive days.

 

k. With respect to interruptible transportation service authorized

under 18 C.F.R. Part 284, at the end of each year, if, for twelve

(12) months ended the most recent September 30, Shipper's actual

average daily use of Vitco's transportation service hereunder has

been less than fifty percent (50%) of the MAXDCQ under Shipper's

executed service agreement, Shipper's MAXDCQ shall be reduced to

the level of two hundred percent (200%) of Shipper's actual

average daily use for the period, rounded to the next highest

1,000 Mcf, effective on the first day of the next year.