Billing Corrections Clause Samples
The Billing Corrections clause establishes the process for identifying and rectifying errors in invoices or billing statements between parties. Typically, it allows either party to notify the other of discrepancies, such as overcharges or undercharges, within a specified period after receiving a bill. This clause ensures that billing mistakes are addressed promptly and fairly, thereby maintaining accurate financial records and preventing disputes over payment amounts.
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Billing Corrections. If the AGENT discovers missing or erroneous data of a material nature pertaining to prior ▇▇▇▇▇▇▇▇, a correction adjustment applicable to those ▇▇▇▇▇▇▇▇ will be based on the period affected by such missing or erroneous data, but not to exceed forty-five (45) days from the date of such discovery (“correction period”). If the correction period is forty-five days, then the period actually used for the calculation will extend to the beginning of the billing month in which the forty-five day period falls. Interest does not accrue on any such adjustment. The resulting billing correction will be applied as soon as practicable to the regular monthly ▇▇▇▇. Issued by: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇, V.P., Fleet Operations & Trading Effective: May 1, 2007 Issued on: May 18, 2007 Filed pursuant to order dated April 19, 2007 accepting compliance filing in Docket Nos. EL05-102, et al., Southern Company Services, Inc., 119 FERC ¶ 61,065 (2007). Southern Company Services, Inc. Original Sheet No. 19 Second Revised Rate Schedule FERC Number 138
Billing Corrections. Invoices shall be subject to adjustment for any arithmetic errors, computation errors, meter reading errors, or other errors, provided that the Cooperative’s retail tariff permit the Cooperative to make adjustment with the Customer for such errors, and provided that the errors become known within the period of time in which such adjustment with the Customer is permitted by the Cooperative’s retail tariff.
Billing Corrections. 13.3.1 If, at any time and in relation to any Relevant Period (as defined below), either Party (acting reasonably) determines that the Energy Metering Facilities have not registered the true amount of Net Energy Output which was delivered by the Seller to the Delivery Point during that Relevant Period, such Net Energy Output shall be determined by the Committee of Operation, utilizing the average meter error determined according to Article 13.2.4.
13.3.2 The average meter error shall be used to adjust the bills for the amount of electric Energy supplied to BEL for the previous six (6) months from the Seller’s Facility, unless records of meter readings conclusively establish that such error existed for a greater or lesser period, in which case the correction shall cover such actual period of error. The Committee of Operation shall determine (i) the Relevant Period and (ii) the amount of any balancing payments due from BEL to the Seller or from the Seller to BEL (as the case may be) in respect of that Relevant Period utilizing the average meter error determined according to Article 13.2.4.