SECTION 165:40-3-4. Billing for electric purchase

(a)   Consumer/producer. Billing for electric purchase will be done in the same manner and by the same persons as is done for electric service to the same premises. Invoices for purchases will be prepared by the cooperative/utility and submitted at the same time to the consumer/producer as a separate statement or as a separate item on the bill for service. This procedure will be followed unless otherwise agreed upon between the producer and the cooperative/utility. Any charge for late payment for service will be made in accordance with the terms and conditions of service except that the amount will be calculated after netting for any amounts purchased.

(b)   Producer only. Purchase meters shall be read by the producer at approximately monthly intervals at a time specified by the cooperative/utility. Invoices will be prepared by the producer. Cooperative/utility will normally make payment within its usual payment cycle. This procedure will be followed unless otherwise agreed upon between the producer and the cooperative/utility.