Kern River Gas Transmission Company

Second Revised Volume No. 1

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Effective Date: 02/03/2002, Docket: RP02-137-000, Status: Effective

First Revised Sheet No. 635 First Revised Sheet No. 635 : Effective

Superseding: Original Sheet No. 635

 

 

RATE SCHEDULE UP-1

Kern River Firm Transportation Services

(Continued)

 

ARTICLE VIII - INVOICING AND PAYMENT (Continued)

 

8.2 Payment. (Continued)

 

faith, including any amount attributable to the Monthly Demand Charge,

so long as such amounts are withheld only from the Monthly Commodity

Charge or other charges other than the Monthly Demand Charges invoiced

or claimed by Transporter. Except as otherwise specifically provided,

nothing herein shall prejudice or limit Shipper's right to dispute the

propriety or amount of any statement or portion thereof received from

Transporter.

 

8.3 Interest on Unpaid Amounts. Should Shipper fail to pay the amount of

any invoice rendered by Transporter when such amount is due, unless such

failure to pay is the result of Transporter's error, interest shall

accrue on the amount not paid at a rate of interest equal to the then

effective rate computed in the manner set forth in Section 154.501(d)(1)

of the FERC's regulations under the Natural Gas Act. If such rate

becomes unavailable, the rate shall be computed on the basis of the

lesser of two percent (2%) above the prime rate from time to time

charged by Chase Manhattan N.A. (or the succeeding bank of Chase

Manhattan, N.A.), or the maximum applicable nonusurious rate of interest

in the state of Texas. Such interest shall accrue on unpaid amounts,

including any unpaid interest compounded daily, beginning on the Due

Date of Transporter's invoice to Shipper, and shall terminate when such

an invoice is paid.

 

8.4 Interest on Overcollections by Transporter. Should Transporter

overcollect by payment of any bill by Shipper, interest shall accrue on

the amount of the overcollection at a rate of interest equal to the then

effective rate computed in the manner set forth in Section 154.501(d)(1)

of the FERC's regulations under the Natural Gas Act. If such rate

becomes unavailable, the rate shall be computed on the basis of the

lesser of two percent (2%) above the prime rate from time to time

charged by Chase Manhattan, N.A. (or the succeeding bank of Chase