Dominion Cove Point LNG, LP

Original Volume No. 1

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Effective Date: 02/12/2004, Docket: RP04-140-001, Status: Effective

Substitute First Revised Sheet No. 263 Substitute First Revised Sheet No. 263 : Effective

Superseding: Original Sheet No. 263

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

18. BILLING AND PAYMENT

 

(a) Billing.

 

(1) On or before the tenth day after the final monthly meter reading for each Billing

Month, Operator shall render to Buyer an imbalance statement and a statement

detailing (i) the billing determinants applicable to each Rate Schedule under

which Buyer has contracted for service, (ii) the total quantity of Natural Gas

delivered to or for the account of Buyer under each Rate Schedule during each Day

of the preceding Billing Month, (iii) the net billing rate and the amount due.

Billing statements and imbalance statements shall be deemed to be rendered when

such statements are deposited by Operator with the U.S. Mail for first-class

delivery, as evidenced by the postmark date, deposited by Operator with an

overnight courier service for delivery to Buyer, or posted by Operator on its

Electronic Bulletin Board. Operator will provide Buyer with contemporaneous

notification of billing statements and imbalance statements that are rendered

through posting on Operator's Electronic Bulletin Board. Buyer will have the

option of being notified via e-mail, pager, text message or any combination

thereof. To receive such notification, Buyer must provide to Operator, via

Operator's Electronic Bulletin Board, a designation of the form(s) of

notification requested and the requisite contact information. Operator's

obligation to provide notification is waived until Operator is provided with the

required notification information.

 

(2) When information necessary for billing purposes is in the control of Buyer, Buyer

shall furnish such information to Operator on or before the fifth day after the

final meter reading of each Billing Month.

 

(3) Both Operator and Buyer shall have the right to examine, at such reasonable times

agreed to by both parties, each other's books, records, and charts to the extent

necessary to verify the accuracy of any statement, charge, or computation made

pursuant to any of the provisions of this Section.

 

 

(b) Payment.

 

(1) On or before the tenth day after Operator renders its bill to Buyer for the gas

delivered during the preceding Billing Month, except when such tenth day is a

Saturday, Sunday or federal bank holiday, Buyer shall pay Operator by wire

transfer of Federal Funds immediately available to Operator at such bank account

as Operator shall designate. When the payment due date falls on a Saturday,

Sunday, or federal bank holiday, payment is due on the following Business Day.

All such payments shall be considered to have been made on the date when Operator

has use of said funds. Notwithstanding the foregoing, a Buyer whose monthly

statement total amount due is less than $10,000.00 may elect to make payment by

check which shall be sent by U.S. Mail, First Class delivery and postmarked on or

before the twentieth day of the month. All payments shall be identified by

invoice number and, if a payment differs from the invoiced amount, remittance

detail shall be provided with payment.

 

(2) If rendering of a bill by Operator is delayed until one or more days after the

tenth day following the final monthly meter reading, then the time of payment

shall be extended by the same number of days unless Buyer is responsible for such

delay.

 

(3) Should Buyer fail to pay all of the amount of any bill as herein provided,

interest on the unpaid portion of such bill shall be computed at the rate set

forth in Section 154.501(d) of the Commission's Regulations, prorated for the

number of days from the due date of payment until the actual date of payment.