While Pacific Gas and Electric Company does not charge interest on local transmission bills, backbone shippers are subject to interest on any past due bill or portion of a past due bill. We want to help you avoid interest charges by pointing out the interest charge policy detailed in gas Rule 25.
Customers holding Gas Transmission Service Agreements will be charged interest on unpaid invoice balances. Contract Section 3 on the GTSA under Billing and Payment states: Bills shall be rendered and payments shall be due in accordance with gas Rule 25, Section C.
Gas Rule 25, Section C-2, under Payment Terms, states: Any bill issued to a Customer by PG&E is due and payable on the transmittal date on the bill. The bill will be considered past due and a Customer in default if the bill is not paid in full within fifteen (15) calendar days after the transmittal date on the bill.
In addition, the late payment fee in gas Rule 25, Section C-3, states: Interest on any past due bill or portion of a past due bill shall accrue on a daily basis, beginning the day after any bill was due and payable and continuing until the day full payment of the past due bill or portion of a past due bill and all accrued interest thereon is received by PG&E. The applicable interest rate shall be equal to the interest rate on commercial paper (prime, three-month) for the previous months as reported in the Federal Reserve Statistical Release, G.13, or its successor publication.
If you have questions about payment dates or how interest fees are applied, please contact your California Gas Transmission Account Services Representative or call the CGT Helpline at 1.800.343.4743.