Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective

Original Sheet No.136 Original Sheet No.136 : Effective

 

GENERAL TERMS AND CONDITIONS (cont'd)

 

19.7 Billing and Payment - (cont'd)

 

(b) An ACQUIRING SHIPPER receiving capacity released from an FT-2

TSA for use under Rate Schedule FT-2 shall be billed by

Transporter and shall make payments to Transporter in accordance

with the terms of its executed FT-2 TSA or a Temporary Release

Agreement. On the RELEASING SHIPPER's bill for a month in which

it released capacity hereunder on a temporary basis, Transporter

shall bill the RELEASING SHIPPER subject to the terms of the

RELEASING SHIPPER's FT-2 TSA with the MDQ equal to the MDQ of

the RELEASING SHIPPER prior to the release and the total

quantity of gas allocated to the RELEASING SHIPPER's FT-2

TSA equal to the summation of the actual quantity of gas

allocated to both the RELEASING SHIPPER's FT-2 TSA and the

ACQUIRING SHIPPER's Temporary Release Agreement in the month

and shall credit the RELEASING SHIPPER an amount equal to the

total quantity of gas on which the ACQUIRING SHIPPER's bill for

the same month was based (pursuant to the ACQUIRING SHIPPER's

Temporary Release Agreement) times the lower of the RELEASING

SHIPPER's or ACQUIRING SHIPPER's rate under their respective

FT-2 TSA or Temporary Release Agreement; provided, however,

that in the event the ACQUIRING SHIPPER fails to pay

Transporter for any part of the amount

credited to the RELEASING SHIPPER's bill, Transporter reserves

the right to reverse the credit on the RELEASING SHIPPER's bill

in a later month up to the unpaid amount plus interest thereon

calculated pursuant to Section 14.3. If the ACQUIRING SHIPPER

fails to pay its charges pursuant to the provisions of Section

14, the RELEASING SHIPPER shall have the right to recall its

capacity by notifying the ACQUIRING SHIPPER and Transporter of

such recall pursuant to the provisions of Section 19.4. All

credits to the RELEASING SHIPPER's bill pursuant to this

subsection shall be final and nonreversible upon Transporter's

receipt of full payment therefor from the ACQUIRING SHIPPER.