Commercial and Industrial Customers. In determining the “estimated annual revenue” to the Utility for each commercial or industrial customer connecting to the Main Extension, all known factors affecting probable usage by such customer under the applicable rates and charges shall be considered, including the amount of consumption or annual revenues, if any, specified in any contract or agreement executed between the Utility and such customer by virtue of which the customer is or becomes obligated to take a specified quantity of water or guarantee specified revenues for a designated period of time. The Utility's investment, if any, in connecting each such commercial or industrial customer shall be the costs incurred by the Utility in order to provide the requested service, which may include the cost of service, meter, meter vault and any other equipment or facilities required and the cost of installation thereof. In the event an estimate of annual revenue cannot be computed upon connection of a commercial or an industrial customer, the actual revenue received for the first twelve (12) months, shall be used in the calculation of the refund due. After the twelve (12) months revenue figure is ascertained, it shall be multiplied by three (3), the Utility’s investment in connection shall be deducted, and the excess, if any, due shall be paid as a refund. EXAMPLE
Appears in 2 contracts
Commercial and Industrial Customers. In determining the “estimated annual revenue” to the Utility for each commercial or industrial customer connecting to the Main Extension, all known factors affecting probable usage by such customer under the applicable rates and charges shall be considered, including the amount of consumption or annual revenues, if any, specified in any contract or agreement executed between the Utility and such customer by virtue of which the customer is or becomes obligated to take a specified quantity of water or guarantee specified revenues for a designated period of time. The Utility's investment, if any, in connecting each such commercial or industrial customer shall be the costs incurred by the Utility in order to provide the requested service, which may include the cost of service, meter, meter vault and any other equipment or facilities required and the cost of installation thereof. In the event an estimate of annual revenue cannot be computed upon connection of a commercial or an industrial customer, the actual revenue received for the first twelve (12) months, shall be used in the calculation of the refund due. After the twelve (12) months revenue figure is ascertained, it shall be multiplied by three (3), the Utility’s investment in connection shall be deducted, and the excess, if any, due shall be paid as a refund. EXAMPLE.
Appears in 1 contract
Samples: Agreement
Commercial and Industrial Customers. In determining the “estimated annual revenue” to the Utility for each commercial or industrial customer connecting to the Main Extension, all known factors affecting probable usage by such customer under the applicable rates and charges shall be considered, including the amount of consumption or annual revenues, if any, specified in any contract or agreement executed between the Utility and such customer by virtue of which the customer is or becomes obligated to take a specified quantity of water or guarantee specified revenues for a designated period of time. The Utility's investment, if any, in connecting each such commercial or industrial customer shall be the costs incurred by the Utility in order to provide the requested service, which may include the cost of service, meter, meter vault and any other equipment or facilities required and the cost of installation thereof. In the event an estimate of annual revenue cannot be computed upon connection of a commercial or an industrial customer, the actual revenue received for the first twelve (12) months, shall be used in the calculation of the refund due. After the twelve (12) months revenue figure is ascertained, it shall be EXAMPLE multiplied by three (3), the Utility’s investment in connection shall be deducted, and the excess, if any, due shall be paid as a refund. EXAMPLE.
Appears in 1 contract
Samples: Agreement
Commercial and Industrial Customers. In determining the “estimated annual revenue” to the Utility for each commercial or industrial customer connecting to the Main Extension, all known factors affecting probable usage by such customer under the applicable rates and charges shall be considered, including the amount of consumption or annual revenues, if any, specified in any contract or agreement executed between the Utility and such customer by virtue of which the customer is or becomes obligated to take a specified quantity of water or guarantee specified revenues for a designated period of time. The Utility's investment, if any, in connecting each such commercial or industrial customer shall be the costs incurred by the Utility in order to provide the requested service, which may include the cost of service, meter, meter vault and any other equipment or facilities required and the cost of installation thereof. In the event an estimate of annual revenue cannot be computed upon connection of a commercial or an industrial customer, the actual revenue received for the first twelve (12) months, shall be used in the calculation of the refund due. After the twelve (12) months revenue figure is ascertained, it shall be multiplied by three (3), the Utility’s investment in connection shall be deducted, and the excess, if any, due shall be paid as a refund. EXAMPLE.
Appears in 1 contract
Samples: Agreement
Commercial and Industrial Customers. In determining the “estimated annual revenue” to the Utility for each commercial or industrial customer connecting to the Main Extension, all known factors affecting probable usage by such customer under the applicable rates and charges shall be considered, including the amount of consumption or annual revenues, if any, specified in any contract or agreement executed between the Utility and such customer by virtue of which the customer is or becomes obligated to take a specified quantity of water or guarantee specified revenues for a designated period of time. The Utility's investment, if any, in connecting each such commercial or industrial customer shall be the costs incurred by the Utility in order to provide the requested service, which may include the cost of service, meter, meter vault and any other equipment or facilities required and the cost of installation thereof. In the event an estimate of annual revenue cannot be computed upon connection of a commercial or an industrial customer, the actual revenue received for the first twelve (12) months, shall be used in the calculation of the refund due. After the twelve (12) months revenue figure is ascertained, it shall be multiplied by three (3), the Utility’s investment in connection shall be deducted, and the excess, if any, due shall be paid as a refund. EXAMPLE
Appears in 1 contract
Samples: Agreement
