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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


    
        7.7.5.  Maintenance of Creditworthiness/Suspension of Service – If 
                Shipper's credit standing ceases to meet Transporter's credit 
                requirements during the period of service, then Transporter has 
                the right to require security as specified herein.
			 
                1.  If Transporter concludes that a Shipper is non-creditworthy, 
                    Transporter shall provide written notice to Shipper within 
                    ten (10) days after that determination is made.  If requested 
                    by Shipper, Transporter shall provide a written explanation 
                    of the reasons for this determination.  A Shipper may 
                    challenge Transporter's determination by providing a written 
                    rebuttal to Transporter's explanation within ten (10) days 
                    after the explanation is provided by Transporter.  Transporter 
                    shall respond to such rebuttal in writing within ten (10) days.  
                    Upon notification by Transporter that Shipper no longer 
                    meets Transporter's creditworthiness standards, Shipper must, 
                    within ten (10) business days, pay for one (1) month of 
                    service in advance to continue service.  Any re-evaluation 
                    of credit by Transporter in response to such a rebuttal by 
                    the Shipper shall be based on the credit criteria set out in 
                    this section and shall be performed as provided in this section.
    
                2.  If the Shipper has not satisfied the requirements in this 
                    section by the end of the specific prior notice period, 
                    Transporter may immediately suspend service to Shipper.  
                    
                3.  If Shipper has not satisfied the requirements of this section,
                    Transporter may terminate service after 30 days notice to the
                    Commission and Shipper, consistent with section 154.602 of
                    the Commission's regulations.
    
        7.7.6.  Shipper may continue to receive transportation service by providing 
                one of the following within thirty (30) days of Transporter's 
                notification that Shipper no longer meets Transporters 
                creditworthiness standards:
    
                1.  Guarantee – Shipper may provide a guarantee of financial 
                    performance in a form satisfactory to Transporter and for the 
                    term of the FT Agreement from a corporate affiliate of the 
                    Shipper or a third party, either of which meets the 
                    creditworthiness standards set forth in this section;
				
                2.  Cash Security Deposit – Shipper may provide a cash 
                    security deposit for service via cleared check or wire transfer.  
                    The deposit must be sufficient to cover the applicable 
                    reservation and commodity charges for three (3) months of 
                    service and shall be maintained until Shipper meets 
                    Transporter's creditworthiness standards.  Transporter will  
                    accrue interest on cash security deposits based on interest 
                    rates established by the Commission;
    
                3.  Letter of Credit – Shipper may post a Letter of 
                    Credit in a form acceptable to Transporter; or

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