Colorado Interstate Gas Company
First Revised Volume No. 1
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Effective Date: 06/01/2010, Docket: RP10-689-000, Status: Effective
Fifth Revised Sheet No. 369A Fifth Revised Sheet No. 369A
Superseding: Fourth Revised Sheet No. 369A
GENERAL TERMS AND CONDITIONS
(Continued)
(b) Payment. Payment received from Shipper shall be accompanied by
a payment remittance setting forth the total payment and amount
of payment to apply to late charges pursuant to Section 12.4(c)
and each outstanding invoice by number. Subject to Section
12.4(c), Transporter shall apply payment per the payment
remittance. If the invoice is in dispute, Shipper shall pay the
portion not in dispute and provide documentation identifying
the basis for the dispute.
(c) Late Charges. Should Transporter fail to receive all invoiced
amounts when due, Shipper shall pay Transporter a late charge
based on the unpaid balance. Such late charge shall accrue
daily from the due date at a rate of interest equal to that
specified pursuant to 18 CFR Section 154.501(d) and compounded
quarterly. If payment is due on a Day other than a Business
Day, no interest will be charged if Transporter receives
payment on the next Business Day. If such payment is not
received on the next Business Day, interest shall be charged
for all Days back to the due date. Transporter shall not bill
interest when such amount is less than $100. Subject to
requirements of regulatory bodies having jurisdiction and
without prejudice to any other rights and remedies available to
Transporter under the law and the agreement(s), Transporter
shall have the right, but not the obligation, to discontinue
Transportation and/or Storage Service hereunder if any charges
remain unpaid for 30 days after the due date thereof. However,
in the event of a bona fide dispute between the Parties with
respect to the charges, Transporter shall have the right to
discontinue the Transportation and/or storage service hereunder
beginning 30 Days after the issuance of a final nonappealable
decision by a court of competent jurisdiction in favor of
Transporter if Shipper has failed to remedy or correct such
violation within said 30-Day period. Transportation and/or
Storage Service may be resumed upon payment by Shipper of all
unpaid charges.
(d) Municipality Limited Liability. If a Shipper is a municipally
owned utility, (local government owned entity engaged in the
provision of utility service to its constituents) then these
additional provisions will apply. Transporter may agree that
it will not collect a municipally owned utility's unpaid
invoices from the other financial resources of the governing
municipality insofar as the law governing the municipality's
utility operations prevents such actions. The Transporter may
also agree to condition the effectiveness of multi-year
obligations on appropriations, but to obtain such a condition