Common use of Pricing, Billing and Payment Terms Clause in Contracts

Pricing, Billing and Payment Terms. As set forth in your Customer Agreement, TriEagle will be paid, through the bill by the EDC, for your electric generation service at the prices set for the Initial Term. As set forth in your Customer Agreement, you will pay TriEagle Energy for your electric generation service at the prices set for the Initial Term. This price includes Transmission Charges and Estimated Gross Receipts Tax but excludes applicable state and local Sales Taxes. As to payment terms, your EDC will send you a bill monthly which will set forth the Basic Service Charge for Basic Service. That bill will contain, among other charges, TriEagle Energy's Electric Generation Service Charge for the amount of electricity you used during the billing cycle. That amount will be measured or estimated by the EDC. Your payment will be due to the EDC by the date specified in the EDC bill. If you fail to pay it on time, you could be subject to interest and late charges imposed by the EDC, and your service could be disconnected. Your EDC may offer you budget, levelized or other payment plans. If your EDC is West Penn Power, MetED or Penelec, contact TriEagle for budget billing plans. Refer to section 16 of the Disclosure Statement for contact information