Billing and Settlement Information Sample Clauses
The "Billing and Settlement Information" clause defines how financial transactions between the parties will be documented, invoiced, and paid. It typically outlines the procedures for issuing invoices, the required details on billing statements, payment timelines, and acceptable payment methods. By establishing clear expectations for the exchange and settlement of funds, this clause helps prevent disputes over payments and ensures both parties understand their financial obligations.
Billing and Settlement Information. The ISO shall provide settlement and billing information to Transmission Customers. The ISO shall inform each Transmission Customer that provides or is provided services furnished under this ISO OATT or the ISO Services Tariff of the payments due for such service. Such information shall be made electronically available to the Transmission Customer.