K N Interstate Gas Transmission Co.

Second Revised Volume No. 1-B

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Effective Date: 11/01/1994, Docket: RP94-397-000, Status: Effective

First Revised Sheet No. 56 First Revised Sheet No. 56 : Superseded

Superseding: Original Sheet No. 56

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

 

25.4 ELECTION OF AMORTIZATION PERIOD.

 

Any Shipper not timely notifying Transporter in writing of its

election to delay the billing of the Buyout-Buydown Obligation

billing pursuant to Section 25.3 above may notify Transporter on or

before 30 days after the date of the Commission's order accepting

tariff sheets authorizing the initial fixed charge billing of its

desire to utilize an Amortization Period other than twelve months,

not to exceed 60 months.

 

In the event Transporter makes additional tariff filings which

adjust the Buyout-Buydown Obligation, Shipper shall be provided 30

days after the date of the Commission's order accepting the tariff

filing to elect to delay the billing or to utilize an amortization

period other than twelve months, not to exceed 60 months, as

provided by this Section 25 for the initial billing.

 

Upon receipt of such election to utilize an alternate Amortization

Period, and upon acceptance of an appropriate tariff filing to be

made by Transporter reflecting the effect of the use of an

alternate Amortization Period, Transporter will bill Shipper in the

immediately following normal billing cycle based upon the alternate

Amortization Period selected by Shipper.

 

25.5 FAILURE TO ELECT.

 

Any Shipper failing to notify Transporter in writing no later than

August 24, 1989 of its election either to delay the initial billing

of the Buyout-Buydown Obligation or to use an alternate

Amortization Period will be billed in the normal billing cycle of

the month immediately following the effectiveness of this tariff

sheet for the Buyout-Buydown Obligation amount over a twelve month

Amortization Period.