Centerpoint Energy Gas Transmission Company

Sixth Revised Volume No. 1

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Effective Date: 05/01/2010, Docket: RP10-567-000, Status: Effective

First Revised Sheet No. 472 First Revised Sheet No. 472

Superseding: Original Sheet No. 472

 

GENERAL TERMS AND CONDITIONS

(continued)

 

14. PAYMENTS (continued)

 

exceeding $100,000.00 be made by Shipper in the form of wire

transfer directed to a bank account designated by

Transporter such that funds are available on the date

payment is due. Amounts past due hereunder shall bear

interest from the due date until paid at the rate of

interest effective from time to time under 18 C.F.R. Section

154.501, but not more than the maximum lawful rate, and

Shipper shall indemnify and reimburse Transporter for all

costs and liabilities associated with the collection of such

past due amounts.

 

(c) Subject to the provisions of Section 14.4 below, if Shipper

in good faith disputes the amount of its invoice, it shall

pay at least the portion of the invoiced amount not

disputed, and if it withholds payment of the disputed amount

it must provide with such payment (unless payment is via

wire or other electronic funds transfer, in which case the

documentation shall be provided within two (2) Business

Days of the payment due date) full documentation in writing

or electronically to Transporter with respect to the claimed

error, including the identification of each amount in

dispute, and the reasons and support therefor.

 

14.2 Default. Upon failure to receive payment when due, Transporter

upon at least ten (10) Days written notice to Shipper may suspend

or discontinue service until satisfactory credit arrangements or

other compliance has been made, without prejudice to any other

rights and remedies available to Transporter. Transporter may

terminate the applicable Service Agreement and the provision of

service thereunder without prejudice to any other rights and

remedies available to it, provided ten (10) Days prior written

notice of such intent to terminate is provided to Shipper and

Shipper's default is not cured within a period of thirty (30) Days

from the date payment is due. Transporter may require as a

condition of recommencement or continuation of service or deferral

of termination a reasonable refundable deposit or bond or increase

in an existing deposit or bond at any time to secure payment of

invoices, in the manner described in Section 14.5 of these General

Terms and Conditions.