Trunkline Gas Company, LLC

Third Revised Volume No. 1

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Effective Date: 08/01/2003, Docket: RP03-534-000, Status: Effective

Original Sheet No. 303 Original Sheet No. 303 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

26. SETTLEMENT DIRECT BILL SURCHARGE (Continued)

 

26.5 Billing and Payment

 

(A) The entire amount of each Buyer's and each affected Shipper's

Settlement Direct Bill Surcharge Amounts shall be due and

payable ten (10) days after Trunkline submits an invoice to

Buyer or Shipper for such amounts. Trunkline shall render

bills hereunder on or after the tenth (10th) day of each

month. Buyer or affected Shipper shall pay Trunkline by

Electronic Funds Transfer to a designated bank account

established by Trunkline for invoiced amounts equal to or

greater than $50,000. For invoiced amounts less than

$50,000, Buyer or affected Shipper shall pay Trunkline by

check to Trunkline's designated Post Office box, or at Buyer

or affected Shipper's election, by Electronic Funds Transfer

to a designated bank account established by Trunkline.

Buyer/Shipper shall pay Trunkline, at its designated Post

Office box, on or before the tenth (10th) day after such

billing the full amount so invoiced. Payments made by

Electronic Funds Transfer shall be considered to have been

made on the date when such payment of good funds is received

by Trunkline. Should Buyer/Shipper fail to pay any amount

which shall become due hereunder, interest thereon shall

accrue at the rate computed using the factors specified in

Section 154.501(d) of the Commission's Regulations, until

such time as the full amount due has been paid or collected.

 

(B) Each Buyer or affected Shipper shall have the option, in lieu

of a lump sum payment of such amount, of paying sixty (60)

monthly consecutive payments equal to 1/60th of such amount.

Carrying charges on such amounts shall commence on

November 1, 1992 and shall be calculated and included on each

monthly invoice for those Buyers and affected Shippers

electing the sixty (60) month payment option. The amount of

Buyer's or affected Shipper's Settlement Direct Bill

Surcharge which Buyer or affected Shipper may elect to pay in

lieu of paying a lump-sum payment, as provided for herein

shall be stated on Tariff Sheet Nos. 25 and 26 as the same

may be changed from time to time. Carrying charges on unpaid

principal amounts for those Buyers or affected Shippers

electing to extend their payments hereunder shall be