Caprock Pipeline Company

First Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-139-001, Status: Effective

First Revised Sheet No. 17 First Revised Sheet No. 17 : Effective

Superseding: Original Sheet No. 17

allocated overhead not to exceed fifteen percent (15%) of the

total cost of installation which includes: obtaining right of

way, surface sites, professional services, materials,

equipment and labor for the installation of such facilities.

Such additional facilities shall, upon completion, be owned,

operated and maintained by Caprock or its designee.

ARTICLE VIII

 

BILLING AND PAYMENT

 

8.1 Billing - On or before the ninth (9th) business day

after the end of the production month Caprock shall prepare

an invoice evidencing the bill for services rendered to

Shipper under the executed Agreement during the preceding

month. When Shipper is in control of information required by

Caprock to prepare invoices, Shipper shall cause such

information to be received by Caprock on or before the fifth

(5th) day of the month immediately following the month to

which the information applies. An imbalance statement will be

rendered prior to or with the invoice. Rendered is defined as

postmarked, time-stamped and delivered to the designated site.

8.2 Payment by Wire Transfer - Payment to Caprock for

services rendered during the preceding month shall be due on

the twenty-sixth (26) day of the calendar month next

succeeding that month for which such service was rendered and

shall be paid by Shipper on or before such due date. Subject

to the provisions of paragraph 8.3 below, Shipper shall make

such payment to Caprock by wire transfer in immediately

available funds to a depository designated by Caprock. When

the due date falls on a day that the designated depository is

not open in the normal course of business to receive

Shipper's payment, Shipper shall cause such payment to be

actually received by Caprock on or before the first business

day on which the designated depository is open after such due

date.

8.3 Payment Other Than by Wire Transfer - In the event

that Shipper is unable to make payment by wire transfer, then

payment to Caprock for services rendered during the preceding

month shall be due on the twenty-fifth (25) day of the

calendar month next succeeding that month for which such

service was rendered . Shipper shall cause payment for such

bill to be actually received by Caprock at its offices in

Houston, Texas, directed to the attention of General

Accounting, on or before such due date. When the due date

falls on a day that Caprock's offices located in Houston,

Texas, are not open in the normal course of business to

receive Shipper's payment, Shipper shall cause such payment

to be actually received by Caprock on or before the

last business day on which Caprock's offices located in

Houston, Texas, are open prior to such due date.