Payment, Credit & Deposits
Payment, Credit, and Deposits
A. Payment Obligation
The supply of service for any purpose, at any location, is contingent upon payment of all charges provided in the rate schedules as applicable to the location and the character of service. Unless otherwise specifically provided in the rate, bills for service shall be net and shall be due and payable upon presentation. The Company will submit bills for gas service and collection of payment thereof in accordance with the applicable provisions of Chapters 810 and 860 of the MPUC Rules and Regulation.
B. Charge for Late Payment:
As provided for in Chapter 870 of the MPUC Rules and Regulations, a late payment charge of 1% per month (12% per annum) will be assessed on all balances that remain unpaid at the end of each billing period. Said period will be no less than thirty (30) days from date of postmark. When bills are paid by mail, the postmark on the envelope will be considered as the date of payment. A payment is late and subject to the late payment charge if it has not been received within thirty (30) days of the postmark on the payment envelope.
C. Charge for Returned Checks
As provided for in Chapter 870 of the MPUC Rules and Regulations, the Company will charge Customers a fee equal to the greater of $5.00 per check or the amount the bank charges the utility, not to exceed $15.00, for Customer checks returned for non-payment to the utility by a bank.
The Company’s right to require a deposit from a residential or non-residential Customer shall be governed by the MPUC Rules and Regulations, Chapters 810 and 860, respectively. The Company will pay interest on all cash deposits at such rate and interval as specified by Chapter 870 of MPUC Rules and Regulations.