Central Kentucky Transmission Company

Original Volume No. 1

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Effective Date: 05/01/2006, Docket: CP05- 48-002, Status: Effective

Original Sheet No. 113 Original Sheet No. 113 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

10. BILLING AND PAYMENT

 

10.1 Billing.

 

(a) Transporter shall render or cause to be rendered to Shipper

by the tenth (10th) day of each month following the date of the final

monthly meter reading (Billing Month) an imbalance statement, and an invoice

setting forth the volume of gas and the Btu of the gas tendered at the

point(s) of receipt and point(s) of delivery during the preceding month, the

net billing rate and the amount due, together with information sufficient to

explain and support any adjustments made by Transporter with respect to the

quantity of gas delivered hereunder. Rendered is defined as postmarked,

time-stamped, or delivered to the designated site. All invoices shall be

based on actuals (if available) or on best available data. Quantities at

points where OBAs exist shall be invoiced on scheduled quantities.

 

(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) Transporter shall notify Shipper through its EBB the billing

date which will be used for determining on-time payments. If Transporter

fails to perform such notification, the billing date will be deemed the later

of the 10th calendar day after the flow month or the actual date the invoice

was posted on Transporter's EBB. Shipper shall pay Transporter by wire or

other electronic fund transfer (EFT) of Federal Funds which are made

immediately available to Transporter at such bank account as Transporter

shall designate, on or before the tenth (10th) day after Transporter has

presented to Shipper an invoice for payment, except when such tenth (10th)

day is a Saturday, Sunday or Federal Bank Holiday, in which case payment is

due on the following business day, provided however, a Shipper whose monthly

invoice shows a total amount due of less than $5,000 (five thousand dollars)

may elect to make payment by check which shall be sent by U.S. Mail, first

class delivery and postmarked on or before the tenth (10th) day after the

posted billing date. All such payments shall be considered to have been made

on the date when Transporter has use of said funds. Shipper shall identify

invoice number(s) on all payments. Shipper should submit

supporting documentation.