TransGas Comprehensive Tariff
e)
Billing and Payments 1) Billings and Payments 1.1) Interest on Overdue Invoices Interest may be charged on all unpaid portions after the due date based on an annual interest rate of prime plus 4%. f) Terminations and Renewals 1) Renewal Rights 1.1) Long Term Firm Service For Firm Receipt and Delivery Transportation Service, except for Receipt Transportation Service initiating at NIT, which has a term of 1 year or longer, the term is automatically renewed for another 12-Month term, under the same terms and conditions, subject to Item 1.2 below, unless written notice is received by TransGas sixty (60) Days prior to the anniversary date, of the Customer’s intent to terminate or amend the Service. For Export Firm contracts a written notice must be received at least twenty-five (25) Months prior to the anniversary date. For Receipt Transportation Service initiating at NIT, this written notice must be received at least twenty-six (26) Months prior to the anniversary date; for Receipt Transportation Service initiating at NIT with an expiry date prior to November 1, 2026, this written notice must be received at least sixteen (16) Months prior to the anniversary date. 1.2) Long Term Firm Service and NRR In some instances, TransGas may, acting reasonably, offer a 1-year or longer TransGas Contract with No Renewal Rights (NRR), when, in TransGas’ opinion, Capacity is only available for a finite period. 1.3) Short Term Firm Service For Firm Receipt and Delivery transportation Service with a term of less than 1 year, the term in not automatically renewed (NRR). The Customer must apply in writing to extend the Service. The application is subject to Capacity approval and may be subject to the Queue Policy. 1.4) Interruptible Service For standard Interruptible Service, the monthly term will Evergreen monthly, subject to termination by the Customer upon forty-eight (48) hours’ prior written notice to TransGas. 1.5) TEP Service For all Shippers holding a valid transportation Service, Shipper’s TEP Service is automatically renewed along with the renewal of any transportation Service. In those instances where Customer does not have a valid transportation Service, Customer’s TEP Account is automatically renewed on a Monthly basis.
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Business Practices Overview 1.3 General Business Policies
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