Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 01/01/1996, Docket: RP96- 63-000, Status: Effective

First Revised Sheet No. 78 First Revised Sheet No. 78 : Effective

Superseding: Original Sheet No. 78

gas or park and loan service until such amount is paid; provided,

however, that Transporter shall notify Shipper and, if required,

the FERC in writing twenty (20) days and ten (10) days prior to

such suspension that continued failure to pay will result in

suspension of service.

 

(c) Termination Of Contract:

 

If such default continues for thirty (30)

additional days, Transporter may thereafter, in addition to

any other remedy it may have under a Gas Transportation

Contract or Park and Loan Service Contract, terminate said

contract in accordance with the provisions of Section 21 hereof,

subject to any appropriate regulatory authorization; provided,

however, that Transporter shall notify Shipper and, if required,

the FERC in writing twenty (20) days and ten (10) days prior to

such action that continued failure to pay will result in

termination of said contract.

 

(d) Good Faith Disputes:

 

If Shipper in good faith shall dispute the

amount of any bill or part thereof and shall pay to

Transporter such amounts as it concedes to be correct, and

at any time within thirty (30) days after 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 nor terminate the Gas

Transportation Contract or Park and Loan Service Contract as

outlined above unless and until default be made in the

conditions of such bond.

 

(e) Adjustment Of Underpayment, Overpayment Or

Error In Billing:

 

If it shall be found that at any time or times

Shipper has been overcharged or undercharged in any form

whatsoever under the provisions of the Gas Transportation

Contract or Park and Loan Service Contract and Shipper

shall have actually paid the bills containing such

overcharge or undercharge, then within thirty (30) days

after the final determination thereof, Transporter shall

refund the amount of any such overcharge, and Shipper

shall pay the amount of any such undercharge; provided,

however, that interest calculated in accordance with