Carnegie Interstate Pipeline Company
Original Volume No. 1
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Effective Date: 01/01/1995, Docket: CP93-552-003, Status: Effective
Original Sheet No. 139 Original Sheet No. 139 : Effective
Superseding: Original Sheet No. 139
GENERAL TERMS AND CONDITIONS
(Continued)
31.3 (Continued)
(2) CIPCO shall issue a bill for
amounts due from each customer pursuant to
this Section 31.3(b) which shall be payable
ten (10) days after receipt of the bill.
Interest shall accrue on all amounts not
paid by the tenth (10th) day after receipt
of the bill at the rate computed using the
factors specified in Section 157.67 of the
FERC's Regulations until such time as the
full amount due has been paid. Any
customer may elect to pay such bill
amortized over up to twelve (12) months, by
making up to twelve (12) consecutive
monthly payments, each of which shall be
equal to a corresponding fraction of the
amount of the bill. Any customer that
elects such amortization must notify CIPCO
within two (2) business days of receipt of
the bill that such customer desires to
amortize the direct bill and must specify
the desired amortization period. Such
amortized amounts shall be due on the same
date and made in the same manner as
payments for services to CIPCO under
Section 22. Any such customer may, at any
time prior to the end of the amortization
period, pay the entire amount of its unpaid
share of the direct bill to CIPCO with no
further obligation to pay interest
applicable after such time.
(3) CIPCO shall not post costs
eligible for recovery under this Section
31.3(b) to its Account No. 191 after June
30, 1994.