Clear Creek Storage Company, LLC

Original Volume No. 1

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Effective Date: 05/01/2001, Docket: RP01-300-000, Status: Effective

First Revised Sheet No. 70 First Revised Sheet No. 70 : Effective

Superseding: Original Sheet No. 70

GENERAL TERMS AND CONDITIONS

(Continued)

 

actuals (if available) or best available data. Quantities

at points where OBA's exist shall be invoiced based on

scheduled quantities. Any necessary adjustment shall be

made in later billings for differences between the estimated

and actual quantities. Clear Creek's invoice shall include

credits for capacity released according to Section 4.12 of

these General Terms and Conditions.

 

18.2 Access to Billing Date. When information

necessary for invoicing purposes is in the control of

Customer, Customer shall furnish such information to Clear

Creek on or before the third Business Day of the Month.

Both Clear Creek and Customer have the right to examine, at

reasonable times, books, records and charts of the other as

necessary to verify the accuracy of any invoice, charge or

computation made under or pursuant to any of the provisions

of such statement.

 

18.3 Payment. Customer shall pay Clear Creek within

ten Days of the date of the invoice rendered under this

section. When such date does not fall upon a Business Day

as defined in Section 1.4 of these General Terms and

Conditions, payment shall be made the first Business Day

following the due date. Unless otherwise agreed to by Clear

Creek and its Customer, payments to Clear Creek shall be

made in the form of Wire Transfer directed to a bank account

designated by Clear Creek. Customer shall identify the

invoice number specified by Clear Creek to which the payment

relates. If Customer submits a payment that is different

from the invoiced amount, remittance detail must be provided

with the payment. When payment is made by electronic funds

transfer (EFT), however, the remittance detail shall be due

within two Business Days of the payment due date. Clear

Creek shall apply the payment per supporting documentation

provided by the Customer.

 

18.4 Late Payments. If Clear Creek's invoice is

rendered after the ninth Business Day of the Month, the time

of payment shall be extended accordingly unless Customer is

responsible for such delay.

 

(1) If Customer fails to make timely payment of

any part of the amount of the bill, the unpaid amount shall

be deemed late, and Clear Creek shall charge interest from

the date payment is due until the actual date of receipt of

payment. The interest shall be compounded quarterly until

paid.