Mogas Pipeline LLC (Fomerly Missouri Interstate Gas)

First Revised Volume No. 1

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Effective Date: 06/01/2008, Docket: CP06-407-002, Status: Effective

Original Sheet No. 85 Original Sheet No. 85 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

26. Billing, Invoices and payments (continued)

 

26.3 If the Shipper has service agreements in effect with

Transporter for both firm and interruptible transportation

service, then any gas volumes transported by Transporter for

Shipper shall first be billed and accounted for as firm

transportation gas under Rate Schedule FT up to Shipper's MDQ on

a daily basis. Any gas volumes transported by Transporter in

excess of such Shipper's MDQ on a daily basis shall be billed and

accounted for as interruptible transportation gas under Rate

Schedule IT. Any gas volumes transported by Transporter in

excess of Shipper's firm MDQ on a daily basis shall be deemed as

interruptible transportation and billed at the maximum

interruptible transportation rate.

 

26.4 Shipper shall pay to Transporter at its designated

office on or before the fifteenth day of each month for the

natural gas delivered by Transporter during the preceding month

and invoices by Transporter; provided, however, Shipper's payment

shall never be due until ten (10) days from the postmark, e-mail

notification or facsimile confirmation date of Transporter's

invoice.

 

26.5 In the event Shipper fails to pay all of the amount due

Transporter within the allotted period, interest thereon shall

accrue from the due date at the maximum allowable interest

permitted under and in accordance with 18 C.F.R. Section 154.67

or any superseding regulations of the Commission. If such

failure to pay continues for thirty (30) days after payment is

due, Transporter, upon thirty (30) days' prior written notice to

Shipper, may suspend further receipt and/or delivery of gas until

such past due amount is paid, or satisfactory credit arrangements

have been made. If Shipper fails to pay or make satisfactory

credit arrangements within such thirty (30) day notice period,

Transporter, in addition to any other remedy it may have

hereunder, may, upon thirty (30) days' written notice to Shipper,

terminate further receipt and/or delivery of gas on behalf of

Shipper. Transporter will not bill Shipper for periods when

service is suspended.

 

26.6 Payments received shall be applied first to accrued

interest, then to the previously outstanding principal due, and

lastly, to the most current principal due.