Transwestern Pipeline Company, LLC

Third Revised Volume No. 1

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Effective Date: 10/23/2006, Docket: RP06-604-000, Status: Effective

First Revised Sheet No. 112 First Revised Sheet No. 112 : Effective

Superseding: Original Sheet No. 112

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

 

6.2 Access to Billing Data

 

Transporter and Shipper shall have the right at all reasonable times to examine the books,

records, and charts of each other to the extent necessary to verify the accuracy of any

billing, statement, charge or computation made by the other pursuant to any provision of

this FERC Gas Tariff.

 

7. PAYMENT

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7.1 Monthly Bills

 

Shipper shall pay Transporter by wire transfer of federal funds, unless otherwise agreed,

on or before the 10th day following the invoice date for all sums due for the preceding

month under the applicable Rate Schedule as billed by Transporter, except when such

payment day is a Saturday, Sunday, or bank holiday, in which case payment is due the

following business day. Any payment shall be considered to have been made on the date

when such payment is wire transferred by Shipper to an address designated by Transporter.

Notwithstanding the foregoing, FTS-2 shippers shall have the option to pay by wire

transfer or normally accepted business practice.

 

Shipper shall submit supporting documentation with any payment and shall identify invoice

numbers on all payments. In the event the Shipper's payment differs from the invoiced

amount, Shipper shall provide remittance detail with the payment except when payment is

made by electronic funds transfer (EFT), in which case, the remittance detail is due

within two Business Days of the payment due date.

 

7.2 Failure to Pay and Disputed Bills

 

Should Shipper fail to pay any or all of the amount of any bill for gas transported when

such sum is due, Transporter may charge interest on the unpaid portion of the bill

computed from the due date until the date of payment at the same rate of interest and in

the same manner as prescribed for pipeline refunds as set forth in Section 154.501 of

the Federal Energy Regulatory Commission's Regulations under the Natural Gas Act. If

such failure to pay continues for ten (10) days or more after payment is due,

Transporter may notify Shipper by Internet e-mail or direct notification to Shipper's

Internet URL address, whichever is chosen by Shipper, that collateral acceptable to

Transporter equivalent to three (3) months worth of reservation charges is due. Shipper

shall have five (5) business days within which to provide advance payment for one

month's service and must satisfy the collateral requirements within thirty (30) days.

If Shipper fails to provide the required security within these time periods, Transporter

may suspend service immediately and provide simultaneous written notice to Shipper and

the Commission that Transporter will terminate service in thirty (30) days if the

Shipper fails to provide security;