Common use of Billing and Payment Procedures and Final Accounting Clause in Contracts

Billing and Payment Procedures and Final Accounting. 6.1.1 HEA shall ▇▇▇▇ the Interconnection Customer for the design, engineering, construction, and procurement costs of interconnection facilities and upgrades contemplated by this Agreement on a monthly basis, or as otherwise agreed by the Parties. The Interconnection Customer shall pay each ▇▇▇▇ within 30 calendar days of receipt, or as otherwise agreed to by the Parties. 6.1.2 Within three months of completing the construction and installation of HEA’s interconnection facilities and/or upgrades described in the Attachments to this Agreement, HEA shall provide the Interconnection Customer with a final accounting report of any difference between (1) the Interconnection Customer's cost responsibility for the actual cost of such facilities or upgrades, and (2) the Interconnection Customer's previous aggregate payments to HEA for such facilities or upgrades. If the Interconnection Customer's cost responsibility exceeds its previous aggregate payments, HEA shall invoice the Interconnection Customer for the amount due and the Interconnection Customer shall make payment to HEA within 30 calendar days. If the Interconnection Customer's previous aggregate payments exceed its cost responsibility under this Agreement, HEA shall refund to the Interconnection Customer an amount equal to the difference within 30 calendar days of the final accounting report.

Appears in 2 contracts

Sources: Generation Interconnection Agreement, Generation Interconnection Agreement

Billing and Payment Procedures and Final Accounting. 6.1.1 HEA shall ▇▇▇▇ bill the Interconnection Customer for the design, engineering, construction, and procurement costs of interconnection facilities and upgrades contemplated by this Agreement on a monthly basis, or as otherwise agreed by the Parties. The Interconnection Customer shall pay each ▇▇▇▇ bill within 30 calendar days of receipt, or as otherwise agreed to by the Parties. 6.1.2 Within three months of completing the construction and installation of HEA’s interconnection facilities and/or upgrades described in the Attachments to this Agreement, HEA shall provide the Interconnection Customer with a final accounting report of any difference between (1) the Interconnection Customer's cost responsibility for the actual cost of such facilities or upgrades, and (2) the Interconnection Customer's previous aggregate payments to HEA for such facilities or upgrades. If the Interconnection Customer's cost responsibility exceeds its previous aggregate payments, HEA shall invoice the Interconnection Customer for the amount due and the Interconnection Customer shall make payment to HEA within 30 calendar days. If the Interconnection Customer's previous aggregate payments exceed its cost responsibility under this Agreement, HEA shall refund to the Interconnection Customer an amount equal to the difference within 30 calendar days of the final accounting report.

Appears in 1 contract

Sources: Generation Interconnection Agreement