Prequalification credit-worthiness requirements for prospective replacement shippers in capacity release programs are “unworkable for many capacity release transactions, particularly short-term releases,” Reliant Energy Services said last week in rebutting a call by KeySpan Delivery Cos. for prequalification, including the posting of collateral by non-creditworthy shippers.
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Reliant Protests Proposed Credit/Cash Prequalification for Bidding on Released Capacity
Prequalification credit-worthiness requirements for prospective replacement shippers in capacity release programs are “unworkable for many capacity release transactions, particularly short-term releases,” Reliant Energy Services said in rebutting a call by KeySpan Delivery Cos. for prequalification, including the posting of collateral by non-creditworthy shippers.
July 22, 2003
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