APPLYING FINANCIAL BILLING CREDITS. The following methodology will be utilized by the Company in determining a Financial Interest Customer's Bill Credits or payment obligations for (i) transmission and distribution service provided by the Company and (ii) electric generation service provided by either the Standard Offer Provider or the Financial Interest Customer’s Competitive Electricity Provider. If the Financial Interest Customer’s Competitive Electricity Provider provides the Financial Interest Customer with a separate bill for generation service, the Company shall not in any way be responsible for computing the charges or providing any financial credits for this separate generation service bill. The initial application of Bill Credits for Financial Interest Customers under this Agreement may require two Billing Periods to implement. In order to facilitate billing under this Agreement, the utility reserves the right to place all Financial Interest Customers listed in Exhibit 1 or Exhibit 2 in the same billing cycle.
A. Bill Credit If during a Billing Period, Bill Credits are greater than zero (0), the Financial Interest Customer’s accounts with the Company as identified in Exhibit 1 or Exhibit 2 will be credited based upon the percentage or cascading allocation specified for each such account as identified in Exhibit 1 or Exhibit 2 of this Agreement. For the Fixed Allocation method, the total percent allocation must equal 100 percent. The applied Bill Credit in a Billing Period may not exceed the total monthly charges applicable to a Financial Interest Customer’s account(s) with the Company during the Billing Period. In applying monthly Bill Credits, the Company will follow the payment waterfall methodology specified in Chapter 322 of the Commission Rules. Unused Credits will be calculated for each designated account listed in Exhibit 1 or Exhibit 2. Unused Credits, once accrued on an account, cannot be reallocated to another account. Cumulative Unused Credits are increased by the value of excess Bill Credits determined for the current Billing Period, and the cumulative value will remain available for possible future application in accordance with paragraph (C) Unused Credits of this Article
