Mississippi River Transmission Corp.
Original Volume No. 1-A
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Effective Date: 04/01/1993, Docket: RP93- 4-000, Status: Suspended
Second Revised Sheet No. 47 Second Revised Sheet No. 47 : Suspended
Superseding: First Revised Sheet No. 47
TRANSPORTATION
GENERAL TERMS AND CONDITIONS
(Continued)
6. STATEMENTS, PAYMENTS AND RECORDS (Continued)
information, Transporter shall submit to Shipper an invoice for
billing for the transportation based on such information. In the
event the quantity of gas delivered to or received by Transporter is
not measured at the standard pressure base, the factor to be utilized
to convert such delivered quantities shall be set forth in
Transporter's procedures as may be established and publicized from
time to time. Shipper shall pay Transporter by electronic funds
transfer to a designated bank account established by Transporter for
invoiced amounts equal to or greater than $50,000. For invoiced
amounts less than $50,000, Shipper shall pay Transporter by check to
Transporter's designated office, 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 on which the bill is
sent via mail or telefaxed for all charges billed in accordance with
the provisions of this tariff. 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.
6.2 In the event Shipper fails to pay all of the amount due
Transporter within the ten day period, interest thereon shall accrue
from the due date at the maximum allowable interest permitted under
and in accordance with Section 154.67 or any superseding regulations
of the Commission. If such failure to pay continues for thirty (30)
days after payment is due, Transporter, upon ten (10) days' written
notice to Shipper, may suspend further receipt and/or delivery of gas
until such amount is paid, or satisfactory credit arrangements have
been made in accordance with Section 12.4 of the Transportation
General Terms and Conditions. If Shipper fails to pay or make
satisfactory credit arrangements within such ten (10) day notice
period, Transporter, in addition to any other remedy it may have
hereunder, may, upon thirty (30) days' written notice to Shipper,
terminate further receipt and/or delivery of gas on behalf of
Shipper. If Shipper in good faith shall dispute the amount of any
such statement, Shipper shall nevertheless pay to Transporter such
amount and, at any time thereafter within thirty (30) days of a
demand made by Shipper, Transporter shall furnish a good and
sufficient surety bond guaranteeing refund to Shipper of the amount
ultimately found overpaid by Shipper following a final determination
which may be reached either by agreement or judgment of the courts,
as may be the case.