Granite State Gas Transmission, Inc.

Fourth Revised Volume No. 1

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Effective Date: 03/01/2010, Docket: RP10-322-000, Status: Effective

Original Sheet No. 73 Original Sheet No. 73

 

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

services, Shipper shall make payment for all amounts due to

Transporter at its address designated herein, or if requested by

Transporter, by wire transfer of Federal Funds to a bank

designated 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.