Kinder Morgan Interstate Gas Transmission LLC

Fourth Revised Volume No. 1-B

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 12/28/1999, Docket: GT00- 19-000, Status: Effective

Original Sheet No. 59 Original Sheet No. 59 : Effective

 

 

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

Upon receipt of such election to utilize an alternate

Amortization Period, and upon acceptance of an

appropriate tariff filing to be made by Transporter

reflecting the effect of the use of an alternate

Amortization Period, Transporter will bill Shipper in

the immediately following normal billing cycle based

upon the alternate Amortization Period selected by

Shipper.

 

Period will be billed in the normal billing cycle of

the month immediately following the effectiveness of

this tariff sheet for the Buyout-Buydown Obligation

amount over a twelve month Amortization Period.

 

25.6 PAYMENT TO TRANSPORTER.

 

Transporter shall render invoices on or before the

tenth day of each month. The payment of each affected

Shipper's share of Transporter's fixed charge

Buyout-Buydown Obligation shall be due and payable at

Transporter's designated office on or before the

twentieth day of each month as billed by Transporter in

the invoice for said month. Transporter's monthly

billing to the identified Shippers shall contain a

separately stated Buyout-Buydown Obligation principal

amount currently due, including appropriate interest

charges. Interest shall be calculated in accordance

with Section 154. 501(d) of the Commission's

Regulations, commencing with the effective date of

interest accruals , and continuing throughout Shipper's

Amortization Periods. At any time during the

Amortization Period, any Shipper may elect to pay

through a lump-sum payment the remaining unamortized

balance of Shipper's Buyout-Buydown Obligation which

shall include interest accrued to date of payment.