Kinder Morgan Interstate Gas Transmission LLC
Fourth Revised Volume No. 1-B
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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.