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.