White River Hub, LLC

Original Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-645-000, Status: Effective

Original Sheet No. 135 Original Sheet No. 135

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

17.4 Payment. Shipper shall pay White River within ten days of the

date of the bill rendered under this section. Shipper must submit supporting

documentation; White River shall apply payment per supporting documentation

provided by Shipper; and if payment differs from invoiced amount, remittance

details must be provided 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. Shipper must identify

invoice number(s) on all payments.

 

17.5 Late Payments. (a) If Shipper fails to make timely payment of any

part of the amount of any bill, the unpaid amount shall be deemed late, and

White River shall charge interest from the date payment is due until the

actual date of receipt of payment. The interest shall be compounded quarterly

until paid.

 

(b) Interest shall be calculated at the current rate prescribed

by 18 C.F.R. § 154.501(d).

 

(c) White River shall bill Shipper for any interest due in its

next billing to Shipper, and Shipper will pay the amount due according to this

section. White River will not bill for interest that totals less than $5.00

for a Shipper's aggregate delinquent bill. White River may waive the interest

on late payment made within five days of the due date. If an uncontested bill

remains unpaid for 30 days or more after payment is due, White River, in

addition to any other remedy it may have, may, after giving Shipper 15 days'

written notice, suspend further receipt and delivery of gas for Shipper until

full payment for all service rendered to date is made.