Common use of Settlement Records and Bills Clause in Contracts

Settlement Records and Bills. Settlement records will be maintained, prepared, and disseminated by ISO personnel. The ISO shall provide Settlement and billing information to customers who take service under an ISO Tariff consistent with the Settlement and billing provisions of the applicable Tariff. Bills for charges made under the ISO Tariffs shall be paid into an account maintained by the ISO for such purposes within the timeframes set forth in the Settlement and billing provisions in the ISO Tariffs. Payments for bills related to Bilateral Transactions will be settled by the Parties to the transactions.

Settlement Records and Bills. ‌ Settlement records will be maintained, prepared, and disseminated by ISO personnel. The ISO shall provide Settlement and billing information to customers who take service under an ISO Tariff consistent with the Settlement and billing provisions of the applicable Tariff. Bills for charges made under the ISO Tariffs shall be paid into an account maintained by the ISO for such purposes within the timeframes set forth in the Settlement and billing provisions in the ISO Tariffs. Payments for bills related to Bilateral Transactions will be settled by the Parties to the transactions.