Guardian Pipeline, L.L.C.

Original Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-926-000, Status: Effective

First Revised Sheet No. 129 First Revised Sheet No. 129

Superseding: Original Sheet No. 129

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8. BILLING AND PAYMENT (Continued)

 

Interest applicable to such bill will be invoiced to Shipper,

pursuant to Section 8 of General Terms and Conditions, to the

extent that the amount of interest is $25 or more.

 

If any portion of an amount so paid to Transporter by Shipper is

finally determined to be repayable to Shipper, Transporter shall

pay or credit such amount to Shipper, together with interest

thereon computed at the rate of interest set forth in Section

154.501(d) of FERC's regulations and accrued from the date

payment thereof was made by Shipper to Transporter to the date

payment or credit thereof is made by Transporter.

 

8.4 Suspension of Transportation in the Event of Default

 

(a) If Shipper's failure to make payment continues for

twenty (20) Days or more, Transporter may suspend the

further transportation of Natural Gas upon

fifteen (15) Days' prior written notice to Shipper and

the Commission, but the exercise of such right shall

be in addition to any other remedy available to

Transporter; provided, however, that if Shipper, in

good faith, shall dispute the amount of any such bills

or parts thereof and shall pay to Transporter in a

timely manner such amounts as it concedes to be

correct (accompanied by supporting documentation,

including invoice number, remittance detail which

Transporter shall follow in applying such payment, and

the basis for dispute) and, at any time thereafter

within thirty (30) Days of a demand made by

Transporter, shall furnish a good and sufficient

surety bond in an amount and with sureties

satisfactory to Transporter conditioned upon the

payment of any amounts ultimately found due after a

final determination, which may be reached either by

agreement or by an arbitration award or a judgment of

the courts, as the case may be, then Transporter shall

not be entitled to suspend further delivery of Natural

Gas unless and until default be made in the conditions

on such bond. In the event it is finally determined

or agreed that no payments were due from Shipper on

such disputed bills, then Transporter will reimburse

Shipper for the cost of procuring the surety bond

within ten (10) Days after receipt of a detailed

invoice thereof from Shipper.