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TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1

SECTION 7.7
CREDITWORTHINESS
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS

			       
    
    7.7.  CREDITWORTHINESS
    
        7.7.1.  General – Transporter shall not be required to (a) execute a 
                FT or IT Agreement providing for service under the applicable 
                Rate Schedule for any Shipper who fails to meet Transporter's 
                standards for creditworthiness, or (b) initiate service for 
                a Shipper who fails to meet Transporter's standards for 
                creditworthiness, or (c) continue service for any Shipper 
                who is or has become non-creditworthy or who, at Transporter's 
                request, fails within a reasonable period to demonstrate 
                creditworthiness pursuant to Transporter's standards.  
                If Shipper is found to be non-creditworthy, Transporter will, 
                upon request, inform Shipper in writing as to the reasons 
                Shipper has been deemed non-creditworthy.
    
        7.7.2.  Credit Appraisal Information – Transporter shall perform a 
                credit appraisal, if applicable, by utilizing any or all of 
                the following information which Shipper shall furnish to 
                Transporter:
    
                1.  A copy of Shipper's most recent audited financial 
                    statements;
    
                2.  A copy of Shipper's most recent twelve (12) month 
                    audited financial statements or Annual Report and, if 
                    applicable, SEC 10-K form;
    
                3.  A list of Shipper's affiliates, including parent and 
                    subsidiaries, if applicable;
				
                4.  A bank reference and two trade references.  The results 
                    of the reference checks must show that Shipper's 
                    obligations are being paid on a reasonably prompt basis;
    
                5.  Any credit reports from credit reporting agencies, which 
                    are available; and/or,
    
                6.  Such other information or guarantees as may be mutually 
                    agreed to by the parties.
    
        7.7.3.  Credit Evaluation – For purposes herein, a shipper shall be 
                deemed creditworthy if:
    
                1.  Shipper's senior unsecured debt is rated at least BBB by 
                    Standard & Poor's, Baa2 by Moody's, or an equivalent rating 
                    as determined by Transporter based on financial 
                    information; or
				    
                2.  The Shipper prepays for service, or provides an irrevocable 
                    letter of credit to secure payment of an amount equal to:

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