Kern River Gas Transmission Company
Second Revised Volume No. 1
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Effective Date: 07/01/2000, Docket: RP00-288-000, Status: Effective
Original Sheet No. 636 Original Sheet No. 636 : Effective
RATE SCHEDULE UP-1
Kern River Firm Transportation Services
ARTICLE VIII - INVOICING AND PAYMENT (Continued)
8.4 Interest on Overcollections by Transporter. (Continued)
Manhattan, N.A.), or the maximum applicable nonusurious rate of interest
in the state of Texas. Such interest shall accrue on the amount of the
overcollection, plus any unpaid interest compounded daily, beginning on
the date Transporter receives the overcollected funds, and shall
terminate on the date Transporter repays such funds to Shipper.
8.5 Remedies for Failure to Pay. If Shipper's failure to pay continues for
45 Days after payment is due, Transporter, in addition to any other
remedy it may have, may suspend further Transportation of Gas until such
amount is paid unless Shipper in good faith disputes the amount owing
and pays all amounts not subject to such good faith dispute.
8.6 Late Billing. If presentation of a bill by Transporter is delayed after
the due date, then the time for payment shall be extended
correspondingly unless Shipper is responsible for such delay.
8.7 Adjustment of Invoicing Errors. In the event an error is discovered in
any invoice rendered by Transporter, Shipper must contest such amount in
writing within six (6) months from the date that the invoice was
rendered, otherwise the invoice will be deemed correct. Transporter
will correct any invoicing errors (after a rebuttal period of not more
than three months) within thirty (30) days of the date that Shipper and
Transporter agree that an invoicing error occurred.
8.8 Financial Requirements. Upon a reasonable request by Transporter,
Shipper will render to Transporter complete audited financial statements
of Shipper or Shipper's parent (including Shipper's ultimate parent) as
contained in the respective Form 10-K's and Annual Reports of such
companies. Upon request by Transporter, Shipper shall cause its parent
to provide a guaranty of Shipper's financial performance hereunder.