Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 05/07/2020, Docket: RP97-153-000, Status: Accepted

First Revised Sheet No. 216 First Revised Sheet No. 216 : Effective

Superseding: Original Sheet No. 216

GENERAL TERMS AND CONDITIONS

(continued)

 

6. PAYMENTS

6.1 Monthly Payments: On or before the 10th day following the date of

Transporter's invoice for the natural gas and natural gas ser

vices, Shipper shall make payment for all amounts due to Trans

porter at its address designated herein, or if requested by

Transporter, by wire transfer of Federal Funds to a bank desig

nated by Transporter. Shipper shall provide Transporter with

supporting documentation with any payment, including invoice

number, on which Transporter shall rely in applying such

payment.

 

6.2 Remedies for Nonpayment: Subject to Section 6.3 below, should

Shipper fail to pay all of the amount of any bill as herein

provided when such amount is due, Shipper shall pay a Charge for

Late Payment which shall be included by Transporter on the next

regular monthly bill rendered to Shipper under Article 5 hereof.

Such Charge for Late Payment shall be determined by multiplying

(a) the unpaid portion of the bill by (b) the ratio of the number

of days from the due date to the date of actual payment to 365,

by (c) a rate of interest calculated in accordance with 18 C.F.R.

154.501(d) for the applicable period(s) from the due date to the

date of payment. If such failure to pay continues for thirty

days after payment is due, Transporter, in addition to any other

remedy it may have under the applicable contract, may after

application to and authorization by the Federal Energy Regulatory

Commission, suspend further delivery of gas until such amount is

paid.

 

6.3 Disputed Bills: If Shipper in good faith shall dispute the

amount

of any such bill or part thereof and pay Transporter such amounts

as it concedes to be correct, and at any time thereafter within

thirty days of a demand made by Transporter shall furnish good

and sufficient surety bond, guaranteeing payment to Transporter

of the amount ultimately found due upon such bills after a final

determination, which may be reached either by agreement or

judgment of the courts, as may be the case, then Transporter

shall not be entitled to seek to suspend further delivery of gas

unless and until default be made in the conditions of such bond.

In the event of a dispute, Shipper shall provide written

notification to Transporter of the amount billed that is in

dispute, for which payment is being withheld and provide adequate

supporting documentation and reasons why Shipper believes full

payment is not appropriate.