Credit Requirements and Financial Assurances
- Alliance Pipeline Limited Partnership operates the Canadian portion of the pipeline.
- Alliance Pipeline L.P. operates the United States portion of the pipeline.
Shipper Credit Requirements
Alliance Pipeline Limited Partnership - Outlined in Article 26 of NEB approved General Terms and Conditions
Alliance Pipeline L.P. - Outlined in Section 22 of FERC approved Tariff
In the United States the FERC has provided criteria by which the temporary capacity release program is governed. Consequently, temporary shippers must meet the same credit criteria that firm shippers are subject to.
Initial Credit Evaluation is undertaken for a United States shipper when the prospective shipper provides the information contained in the Request to Become an Approved Bidder form.
Initial Credit Evaluation is undertaken for a United States capacity auction shipper when the prospective shipper provides the information contained in the Capacity Auction Creditworthiness Information form.
The ACE Credit Application form is used by the ACE service applicant to initiate the credit application process with the Alliance Credit department.
Audited Financial Statements Requirement
All shippers must provide audited yearly financial statements and unaudited quarterly financial statement as part of the ongoing credit monitoring process. If a shipper does not produce audited financial statements, the shipper must either provide financial assurances or Alliance Pipeline L.P.'s standard form parental guarantee must be provided by an affiliate that produces audited financials on behalf of the new shipper.
Shipper Creditworthiness Categories (for FT-1 service)
- Category 1 - Investment Grade - No Security Required
- Category 2 - Acceptable Credit Status - No Security Required
- Category 3 - Security Required