Common use of Final Invoice and Refund of Remaining Security Clause in Contracts

Final Invoice and Refund of Remaining Security. Within twelve months after completion of construction of Network Upgrade Facilities, Connecting Transmission Owner shall provide an invoice of the final cost of the construction of the Network Upgrade Facilities and shall set forth such costs in sufficient detail to enable Transmission Developer to compare the actual costs with the estimates and to ascertain deviations, if any, from the cost estimates. Connecting Transmission Owner shall refund to Transmission Developer any amount by which the actual payment or Security provided by Transmission Developer for estimated costs exceeds the actual costs of construction within thirty