Agreement for Summary Billing
DUKE ENERGY SHARED SERVICES, INC.
AGREEMENT FOR SUMMARY BILLING
This Agreement for Summary Billing is made «Date», between «Customer» (also, "Customer") and Duke Energy Shared Services, Inc. ("Services") as an agent for The Cincinnati Gas & Electric Company d/b/a Duke Energy Ohio, Inc., PSI Energy, Inc. d/b/a Duke Energy Indiana, Inc., and/or The Union Light, Heat and Power Company d/b/a Duke Energy Kentucky, Inc.(the "Utilities").
«Customer» has multiple utility service locations in Utilities' service areas as indicated by the Accounts listed on Attachment A hereto (the "Accounts");
«Customer» has requested Services to summarize its billings for such Accounts in a single statement and desires to use this service in order to avoid the inconvenience of receiving and paying numerous billings;
Services has agreed with the Utilities to act as their bill rendering and collection agent and is willing to offer a Summary Billing service wherein the Customer’s billings are condensed on one Summary Billing statement ("Statement") each month under the following terms and conditions:
THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS:
1. SUMMARY BILLING STATEMENT
Services will render one Statement each month, which will summarize the Accounts of «Customer» in the manner described in Attachment B hereto. Additionally, the Customer has elected to receive a report of the Summary Billing account, giving details of the associated Accounts, and agrees that all statutory or regulatory requirements regarding billing will be satisfied by Services sending such billing information to the Customer.
2. AUTHORIZATION TO RELEASE INFORMATION
«Customer» hereby authorizes the Utilities to release all necessary information to Services for its use in preparing the Statement and collection thereof.
3. SUMMARY BILL DUE DATE
The Customer hereby agrees to waive its rights to the normal grace period with respect to the rendering of the Summary Billing Statement and the due date, as may be existing under the rules or regulations of the utilities' respective regulatory authorities, and hereby agrees that the amount shown as owed on the Statement will be due and payable within fifteen (15) days from the date it is rendered (“Due Date”). The Due Date may be reviewed by Services in conjunction with any pertinent changes to the Summary Billing Account, (e.g., the removal or addition of accounts), and reserves the right to revise the Due Date after proper notification to «Customer».
4. APPLICATION OF PAYMENT
(a) Payment will be considered delinquent if not received by Services on or before the Due Date. Should an account become sixty (60) days past due, this Summary Billing Agreement may be terminated by Services without further notice.
(b) Complete payments and underpayments will first be applied to arrearage balances, then pro rata among all Accounts as established by the applicable Utility. Overpayments will be credited to a master account and applied to the next billing cycle.
5. BILLING ERRORS
Adjustments to correct billing errors will be made by the applicable Utility to the underlying Accounts and will be reflected in the following month’s Statement.
6. LATE PAYMENT CHARGES
If full payment is not received by the Due Date, a late payment charge may be imposed and included on the Customer's next Statement. Late payment charges will be determined for each Account based on the applicable State regulatory authority's regulations and orders, approved «Utilities'» service regulations and the tariffed late payment charge in effect for each Utility.
7. SUMMARY BILLING SERVICE FEE
There is no charge for Summary Billing services. However, Services reserves the right to implement a charge therefore upon thirty (30) days written notice to «Customer».
9. TERMINATION OF AGREEMENT
(a) Either party hereto may cancel this Agreement for any reason upon thirty (30) days written notification to the other party. In the event of termination, the individual Accounts will revert to the prior billing and collection procedures of the applicable Utility.
(b) Services may also unilaterally terminate this Agreement if it or any of the Utilities receives an Order from a governmental agency or court of competent jurisdiction requiring it to terminate, suspend or modify this Agreement. Services will notify affected Customers within a reasonable time after receipt of such an Order. In such event, the individual Accounts will be treated as provided in the foregoing sub§9(a).
«Customer» shall not sell, assign or transfer this Agreement or any part hereof without the prior written consent of Services. Services shall have the right to sell, assign or transfer this agreement or any portion hereof, provided written notice thereof is provided to Customer.
11. RIGHT TO AMEND
This Agreement may be amended or modified only by written agreement of both parties.
Contact Person: __________________________________
Phone ( ) _________________________ Fax__________________
Second Contact Person: __________________________________
Phone ( ) ________________________ Fax__________________
Duke Energy Shared Services, Inc.
Special mailing instructions for your summary billing account:
Customer/Account Name: _________________________________________________
City: _________________ State: _________ ZIP Code: ________________
|Account Name||Account Number||Account Address||City||State||ZIP Code||Bill Cycle|
Attachment B (See top of page)