Michigan Gas Storage Company

First Revised Volume No 1

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Effective Date: 06/01/1997, Docket: RP97-152-003, Status: Effective

Second Revised Sheet No. 49 Second Revised Sheet No. 49 : Superseded

Superseding: First Revised Sheet No. 49

GENERAL TERMS AND CONDITIONS

(continued)

6. BILLING

6.1 Billing

On or before the ninth (9) Business Day of each month,

MGS shall render to Shipper a billing of charges for

service rendered in the preceding Month. The imbalance

statement shall be rendered prior to or with the invoice.

If Shipper has contracted for multiple services with MGS,

then Shipper may receive a master bill which shall

contain multiple charges for the multiple services and/or

contracts for which Shipper has contracted. Rendered is

defined as postmarked, time-stamped, and delivered to the

designated site.

Both Transporter and Shipper have the right to examine at

reasonable times, books, records and charts of the other

to the extent necessary to verify the accuracy of any

statement, charge or computation made under or pursuant

to any of the provisions hereof.

6.2 Payment

Shipper shall pay the amount due for the preceding Month

by remittance to Transporter at its general office, or at

such other address as Transporter shall designate, by

wire transfer or by check with payment received and funds

available, ten (10) Days from issuance of statement

rendered by Transporter.

If presentation of a bill by Transporter is delayed after

the ninth (9) Business Day of the Month, then the time of

payment shall be extended accordingly unless Shipper is

responsible for such delay.

Should Shipper fail to pay all of the amount of any bill

as herein provided when such amount is due, interest on

the unpaid portion of the bill shall accrue at the rate

set under 18 C.F.R. 154.67 (c)(2)(iii) or successor

regulations, from the due date until the date of payment.

If such failure to pay continues for thirty (30) Days

after payment is due, Transporter, in addition to any

other remedy it may have hereunder, may suspend further

delivery of Gas until such amount is paid, after any

necessary authorization by any regulatory bodies having

jurisdiction; provided, however, that if Shipper in good

faith shall dispute the amount of any such bill or part

thereof and shall pay to Transporter such amounts, if

any, as it concedes to be correct and, at any time

thereafter within thirty (30) Days of a demand made by

Transporter, shall furnish a good and sufficient surety

bond in an amount and with surety satisfactory to

Transporter, guaranteeing payment to Transporter of the

amount ultimately found due upon such bill after a final

determination which may be reached either by agreement or

judgement of the courts, as may be the case, then

Transporter shall not be entitled to suspend further

delivery of such Gas unless and until default be made in

the conditions of such bond.