NorAm Gas Transmission Company

Fourth Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

Effective Date: 02/01/1995, Docket: RP94-343-000, Status: Effective

Original Sheet No. 235 Original Sheet No. 235 : Superseded

GENERAL TERMS AND CONDITIONS

(continued)

14. PAYMENTS:

14.1 Billing and Payment.

(a) Transporter shall have the right to bill Shipper

each Month (as may be adjusted for billing or

measurement cycle purposes) for all purposes on

the basis of nominated quantities or estimated

quantities, provided that adjustments shall be

made to such quantities in subsequent months'

billings based on actual quantities, as

appropriate. If, due to a capacity release or

as otherwise specifically provided by this

Tariff, Transporter finds it necessary to

invoice or credit for part of a month a firm

shipper for any reservation or demand charges

assessed on a monthly basis, Transporter may do

so utilizing a basis of 30.4 days to a month.

Transporter's bills will be rendered no later

than ten (10) business days after the close of

each billing period, or as soon thereafter as is

practicable. In any Month, Transporter may

submit to Shipper separate bills for applicable

charges and fees related to service provided for

Shipper under this Tariff (including, but not

limited to, invoices for fixed charges, e.g.,

Reservation Charges, at any time during the

applicable Service Month; invoices for variable

charges, e.g., commodity, usage and overrun

charges; and invoices for penalties). In the

event that conduct by Shipper under a Service

Agreement or the provisions of this Tariff

constitutes a violation of its obligations

thereunder such that Shipper would incur more

than one penalty for the same act or failure to

act, Transporter will charge, and Shipper shall

pay, in addition to any amounts due under

Section 5.7, only the total penalty charges

applicable to the conduct or action yielding the

highest dollar amount.

(b) Payment shall be due and received by Transporter

in accordance with Transporter's instructions

within ten (10) Days after the date such bills

are rendered. Transporter shall have the right

to require that payments of any amounts