Common use of CUSTOMER CREDIT FOR THE ACS DDC Clause in Contracts

CUSTOMER CREDIT FOR THE ACS DDC. The ACS DDC Amount is the share, in dollars, of the total DDC Amount that is to be distributed from the ACS rates specified above; the balance of the DDC Amount is to be distributed from specified Power rates. The ACS DDC Amount is converted to an ACS DDC Percentage by dividing the ACS DDC Amount by the most recent forecast of revenues for the relevant fiscal year at the ACS rates subject to the DDC. Line items showing a credit will be added to the bills for each service during the 12 months of the applicable year by multiplying the ACS DDC Percentage times each of the applicable rates times the billing factors for each rate for each customer.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Partial Settlement Agreement

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