Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 05/07/2020, Docket: RS93- 1-001, Status: Accepted

Original Sheet No. 244 Original Sheet No. 244 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

20. FLOW THROUGH OF FIXED TAKE-OR-PAY CHARGES FROM ALGONQUIN GAS

TRANSMISSION COMPANY (continued)

 

20.4 Lump Sum Payment by Shipper

 

Shipper shall have the option to pay in one lump sum the

total amount of Shipper's share of the Take-or-Pay

charges billed to Transporter by Algonquin, as deter-

mined in this Article 20. Shipper is permitted to exer-

cise its lump sum payment option at any time, subject to

the procedures under this Subsection 20.4. Any Shipper

electing the lump sum payment option must provide Trans-

porter with thirty (30) days advance notice thereof.

Transporter's next monthly invoice to Shipper occurring

at least 30 days after the date notice is received by

Transporter will reflect a lump sum payment amount for

all Take-or-Pay allocated amounts billed to Transporter,

up to the date notice is received. The invoice amount

shall be due and payable in accordance with Article 6 of

Transporter's General Terms and Conditions of this Tar-

iff. A lump sum payment by a Shipper will not extin-

guish that Shipper's obligation to pay Shipper's allo-

cated share of any future fixed Take-or-Pay costs billed

to Transporter by its upstream pipelines.