Laserfiche WebLink
Florida City Gas <br />FPSC Natural Gas Tariff <br />Volume No. 9 Original Sheet No. 61 <br />THIRD PARTY SUPPLIER (TPS) <br />(Continued) <br />CREDITWORTHINESS (Continued) <br />4. A written attestation from TPS that it is not subject to the uncertainty of pending <br />litigation or regulatory proceedings in state or federal courts which could cause a substantial <br />deterioration in its financial condition or a condition of insolvency. <br />5. A written attestation from TPS that no significant collection lawsuits or judgments <br />are outstanding which would seriously reflect upon the TPS's ability to remain solvent. <br />To remain in good standing, no uncontested delinquent balances should be outstanding <br />for natural gas sales, storage, Transportation Services, or imbalances previously billed by <br />Company, and TPS must have paid its account according to the established terms, and not <br />made deductions or withheld payment for claims not authorized by contract. <br />TPS shall furnish Company at least annually, and at such other time as is requested by <br />Company, updated credit information for the purpose of enabling Company to perform an <br />updated credit appraisal. In addition, Company reserves the right to request such information at <br />any time if Company is not reasonably satisfied with TPS's creditworthiness or ability to pay <br />based on information available to Company at that time. <br />Company shall not be required to permit and shall have the ability to suspend any TPS <br />who is or has become insolvent, fails to demonstrate creditworthiness, fails to timely provide <br />information to Company as requested, or fails to demonstrate ongoing creditworthiness as a <br />result of credit information obtained; provided, however, TPS may continue to sell / deliver gas <br />on the Company's system if TPS elects one of the following options: <br />(A) Payment in advance for up to three (3) months service as determined by <br />the Company. <br />(B) A standby irrevocable letter of credit in form and substance satisfactory to <br />Company in a face amount up to three (3) months service. The letter of credit must be <br />drawn upon a bank acceptable to Company. <br />(C) A guaranty in form and substance satisfactory to Company, executed by <br />a person that Company deems creditworthy, of TPS's performance of its obligations to <br />Company. <br />(D) Such other form of security as TPS may agree to provide and as may be <br />acceptable to Company. <br />Issued by: Carolyn Bermudez Effective: <br />Vice President, Florida City Gas <br />(D, 9(o <br />