K N Wattenberg Transmission LLC

First Revised Volume No. 1

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Effective Date: 05/01/2001, Docket: RP01-313-000, Status: Effective

First Revised Sheet No. 52 First Revised Sheet No. 52 : Effective

Superseding: Original Sheet No. 52

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

Prior period adjustment time limits shall be six (6) months from

the date of the initial transportation invoice and seven (7)

months from date of initial sales with a three (3) month rebuttal

period, excluding government-required rate changes. This standard

shall not apply in the case of deliberate omission or

misrepresentation or mutual mistake of fact. Parties' other

statutory or contractual rights shall not be otherwise be

diminished by this standard.

 

8. PAYMENTS

 

8.1 Shipper shall pay Transporter by Electronic Funds Transfer to a

designated bank account established by Transporter for billed

amounts equal to or greater than $100,000 for all services

rendered by Transporter. For billed amount less than $100,000

Shipper shall pay Transporter by check to Transporter's

designated Post Office Box or at Shipper's election by Electronic

Funds Transfer to a designated bank account established by

Transporter. Payments shall be made by Shipper to Transporter

within ten (10) days from the date of the invoice (Due Date) for

all charges in accordance with the provisions of the applicable

Rate Schedules. Payments made by Electronic Funds Transfer shall

be considered to have been made on the date when such payment of

good funds is received by Transporter. Any amount not paid when

due shall bear interest at the rate specified in Section

154.501(d) of the Commission's regulations from the due date

until paid.

 

Unpaid and Disputed Bills. If an invoice is in dispute, Shipper

shall pay portion not in dispute and provide documentation

identifying basis for the dispute with the payment, except when

payment is made by electronic funds transfer, in which case the

remittance detail is due within two (2) business days of the

payment due date. Should Shipper fail to pay part or all of the

amount of any such bill, interest thereon shall accrue at an

average prime interest rate computed in a manner consistent with

Section 154.501(d) of the FERC's regulations from the DUE DATE

until date of receipt of payment by Transporter. If such failure

to pay continues thirty (30) days after payment is due,

Transporter, in addition to any other remedy it may have, after

Transporter provides Shipper with twenty (20) days prior written

notice, may suspend further service to Shipper until such amount

is paid; provided, however, that if Shipper in good faith

disputes in writing the amount of any such bill or parts thereof

and pays to Transporter such amounts as it concedes to be

correct, and at any time thereafter within thirty (30) days of