Caledonia Gas And Storage

Original Volume No. 1

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Effective Date: 12/05/2007, Docket: RP08- 57-000, Status: Effective

Original Sheet No. 65B Original Sheet No. 65B : Effective




Moody’s Aaa



S&P AA+ to AA-

Moody’s Aa1 to Aaa



S&P A+ to A-

Moody’s A1 to A3



S&P BBB+ to BBB-

Moody’s Baa1 to Baa3



S&P BB+ and lower

Moody’s Ba1 and lower




24.6 "Material Adverse Change" means the failure of Customer at

anytime to satisfy the requirements pertaining to creditworthiness set forth

in Sections 3 and 24, to maintain an Acceptable Credit Rating or to maintain

or reinstate one of the forms of Financial Assurances specified in Section

24.12 within the time prescribed by Section 24.8.


24.7 "Financial Assurances" means one or more of the forms of

security set forth in Sections 24.12(a), 24.12(b), 24.12(c) and 24.12(d), in

accordance with and in an amount as set forth in Section