Texas Gas Transmission Corporation

First Revised Volume No. 2-A

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Effective Date: 11/01/1990, Docket: RP90-192-000, Status: Effective

Original Sheet No. 83 Original Sheet No. 83 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

6.2 Time of payment extended if bill delayed: If pres-

entation of a bill to Customer is delayed after the

tenth (10th) day of the month, then the time of

payment shall be extended accordingly unless Cus-

tomer is responsible for such delay.

 

6.3 Remedies for nonpayment: Should Customer fail to

pay all of the amount of any bill as herein pro-

vided when such amount is due, interest on the

unpaid portion of the bill shall be computed by

multiplying (a) the unpaid portion of the bill by

(b) the ratio of the number of days from the due

date to the date of actual payment to 365, by (c)

the interest rate calculated in accordance with

Section 154.67(c) of the Commission's Regulations.

Payments by Customer shall first be applied against

interest owed by Customer, then against the Custom-

er's delinquent bills and finally against the Cus-

tomer's current bill. If such failure to pay con-

tinues for thirty days after payment is due, Trans-

porter, in addition to any other remedy it may

have, may, after application to and authorization

by the Commission, suspend further delivery of gas

until such amount is paid; provided, however, that

if Customer in good faith shall dispute the amount

of any such bill or part thereof and shall pay to

Transporter such amounts as Customer concedes to be

correct and at any time thereafter within thirty

days of a demand made by Transporter shall furnish

good and sufficient surety bond, guaranteeing pay-

ment to Transporter of the amount ultimately found

due upon such bills after a final determination

which may be reached either by agreement or judg-

ment of the courts, as may be the case, then Trans-

porter shall not be entitled to seek to suspend

further delivery of gas unless and until default be

made in the conditions of such bond.