Common use of Adjustments Due to Inaccuracies Clause in Contracts

Adjustments Due to Inaccuracies. If any metering equipment test discloses an inaccuracy exceeding two percent (2%), the energy account between the Parties shall be adjusted to correct for the inaccuracy disclosed over the shortest of the following periods; (i) for the six (6) month period immediately preceding the day of the test, or (ii) for the period that such inaccuracy may be determined to have existed, or (iii) if the last test took place within the immediately preceding six month period and the period of inaccuracy cannot be determined, for the period since the last test. Should the metering equipment fail to register, the amount of electric power and energy delivered shall be determined from the best available data.

Appears in 4 contracts

Samples: Interconnection Agreement (Indianapolis Power & Light Co), Agreement (Indianapolis Power & Light Co), Interconnection Agreement (Indianapolis Power & Light Co)

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