Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 12/22/2008, Docket: CP98-150-011, Status: Effective

Original Sheet No. 147 Original Sheet No. 147

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

10. BILLING AND PAYMENT

 

10.1 Billing.

 

(a) On or before the ninth business day following the date of the

final monthly meter reading for each Billing Month, Transporter shall render

to Shipper an imbalance statement and a statement of the total quantity of

gas delivered to or for the account of Shipper under each Rate Schedule

during each Day of the preceding Billing Month, the net billing rate and the

amount due. Billing statements shall be deemed to be rendered by Transporter

when such statements are electronically posted to Shipper by Transporter on

Transporter's EBB. If Transporter is unable to render bills and imbalance

statements through Transporter's EBB, billing statements shall be deemed to

be rendered when such statements are deposited by Transporter with the U.S.

Mail for first-class delivery, as evidenced by the postmark date, or

deposited by Transporter with an overnight courier service for delivery to

Shipper.

 

(b) When information necessary for billing purposes is in the

control of Shipper, Shipper shall furnish such information to Transporter on

or before the fifth day after the final meter reading of each Billing Month.

 

(c) Both Transporter and Shipper shall have the right to examine,

at reasonable times agreed to by both parties, books, records, and charts of

the other to the extent necessary to verify the accuracy of any statement,

charge, or computation made pursuant to any of the provisions of this

Section.

 

10.2 Payment.

 

(a) Shipper shall pay Transporter by wire or other electronic fund

transfer of Federal Funds which are made immediately available to Transporter

at such bank account as Transporter shall designate, on or before the

twentieth day following the date of the final monthly meter readings for the

gas delivered during the preceding Billing Month, except when such twentieth

day of the month is a Saturday, Sunday or federal bank holiday, in which case

payment is due on the following business day. All