GENERAL TERMS AND CONDITIONS OF SERVICE
(Continued)
12. CREDITWORTHINESS (Continued)
12.6 Creditworthiness for Firm and Interruptible Transportation
Services (Continued)
(b) (Continued)
Subject to the requirements of Section 7 of the Natural Gas
Act, NBP shall not be required to perform or to continue to
perform service on behalf of any Shipper that has applied
for bankruptcy under the Bankruptcy Code or on behalf of any
Shipper who, at NBP's discretion, fails to demonstrate
minimal creditworthiness as required under this FERC Gas
Tariff; provided, however, such Shipper may receive service
if said Shipper provides alternative credit as described
within Paragraphs 12.1(b), 12.4(b), and 12.5(b) of these
General Terms and Conditions of Service and, provided
further, that an exception may be made for a Shipper who is
a debtor in possession operating under Chapter 11 of the
Bankruptcy Code where adequate assurance is provided from
the bankruptcy court having jurisdiction over such debtor in
possession that service billings will be paid promptly as a
cost of administration of the bankruptcy proceeding, or in
other circumstances in which NBP is provided comparable
assurances that it will be paid promptly.
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Issued by: John A Roscher, Director of Rates & Regulatory Affairs
Issued on: March 31, 2003 Effective on: February 28, 2003
Filed to comply with order of the Federal Energy Regulatory Commission, Docket
No. RP02-363-003, issued February 28, 2003, 02 FERC ¶ 61,239 |