Young Gas Storage Company, Ltd.

Original Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective

Third Revised Sheet No. 94 Third Revised Sheet No. 94

Superseding: Second Revised Sheet No. 94

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

12.2 (Continued)

 

(b) Payment. Shipper and Replacement Shipper, as appropriate, shall

pay the invoiced amount within ten (10) calendar days of the

invoice date. Unless otherwise specified in an applicable

Tariff, General Terms and Conditions, or contract, the

effective payment due date of an invoice when such due date

does not fall upon a Business Day (as defined in NAESB Standard

3.2.1) should be the first Business Day following the due date.

(NAESB Standard 3.3.25) Payment received from Shipper and

Replacement Shipper, as appropriate, shall be accompanied by a

payment remittance setting forth the total payment and amount

of payment to apply to late charges pursuant to Section 12.2(c)

and each outstanding invoice by invoice number. Subject to

Section 12.2(c), Transporter shall apply payment per the

payment remittance. If payment is made by electronic funds

transfer (EFT), the remittance detail is due within two

Business Days of the payment due date. (NAESB Standard 3.3.17)

If the invoice is in dispute, Shipper and Replacement Shipper,

as appropriate, shall pay the portion not in dispute and

provide documentation identifying the basis for the dispute.

 

(c) Late Charges. Should Shipper and/or Replacement Shipper fail to

remit all invoiced amounts when due, Shipper and/or Replacement

Shipper shall pay Transporter a late charge based on the unpaid

balance. Such late charge shall accrue daily from the due date

at a rate of interest equal to, and shall be compounded in

accordance with, the provisions of 18 CFR Section 154.501(d).

Transporter shall not bill interest when such amount is less

than $100. Subject to requirements of regulatory bodies having

jurisdiction and without prejudice to any other rights and

remedies available to Transporter under the law and the

agreement(s), Transporter shall have the right but not the

obligation to discontinue Storage Service hereunder if any

charges remain unpaid for 30 days after the due date thereof.

Storage Service may be resumed upon payment by Shipper of all

unpaid charges.