Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 11/30/2009, Docket: RP10-77-000, Status: Effective

First Revised Sheet No. 555 First Revised Sheet No. 555

Superseding: Original Sheet No. 555

 

GENERAL TERMS AND CONDITIONS

(continued)

 

19. PAYMENT (continued)

 

(c) Algonquin may waive the interest on a Late Payment made within

five days of the due date where Customer has diligently paid its

prior bills on time, and lateness in payment is of a

nonrecurring nature.

 

(d) Subject to Section 19.3 below, should Customer fail to pay its

bill for thirty days after payment is due and such failure

continues beyond such thirty days, Algonquin, in addition to any

other remedy it may have hereunder, may, after any necessary

authorization by regulatory bodies having jurisdiction, suspend

further delivery of gas to Customer until such amount is paid.

 

19.3 Disputed Bills. If Customer in good faith shall dispute the amount

of any bill or parts thereof and shall pay to Algonquin such amounts

as it concedes to be correct, and at any time thereafter within

thirty days of a demand made by Algonquin shall furnish a good and

sufficient surety bond guaranteeing payment of the amount ultimately

found due upon such bills after a final determination which may be

reached either by agreement or judgment of the courts as may be the

case, then Algonquin shall not be entitled to suspend further

delivery of gas unless and until default be made in the conditions of

such bond. Customer shall pay the portion of the bill not in dispute

and shall provide documentation identifying the basis for the

dispute. No payment by Customer of the amount of a disputed bill

shall prejudice the right of Customer to claim an adjustment of the

disputed bill. Customer shall pay interest on that disputed portion

of a bill for which Customer has withheld payment and which

ultimately is found due, in accordance with the provisions of Section

19.2 (a) above.

 

19.4 Extension of Time. If presentation of bills by Algonquin is delayed

after the seventh Day of the Month, then the time of payment shall be

extended accordingly unless Customer is responsible for such delay.