FUEL ADJUSTMENT CLAUSE Sample Clauses

FUEL ADJUSTMENT CLAUSE. Refer to EKPC General Wholesale Power Tariffs, Fuel Adjustment. P.S.C. No. 35, Original First Revised Sheet No. 20 Canceling P.S.C. No. 34, Third Revised Sheet No. 24 35, Original Sheet No. 20
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FUEL ADJUSTMENT CLAUSE. If in this case the Commission authorizes AmerenUE to continue to use a fuel adjustment clause, then the signatories agree that AmerenUE’s fuel adjustment clause shall be modified in accordance with the illustrative tariff sheets attached as Schedule 1 which are designed to implement for service on and after the effective date of new general rates in this case, the following:
Sample 1
FUEL ADJUSTMENT CLAUSE. Participant understands that if the U.S., nationally-averaged fuel cost for Regular Unleaded Fuel ("Regular Unleaded Fuel" is fuel with an 87 OCTANE level or higher) exceeds $3.50 per gallon on the arrival day of the Tour (as published here: xxxx://xxx.xxx.xxx.xxx/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html), Participant will be assessed a fuel surcharge of $35.00. Participant understands that for every $0.25 per gallon by which the fuel cost exceeds $3.50 per gallon, Participant will be charged an additional $15.00. (Solely for purposes of illustration only, Participant agrees to pay a total surcharge of $50.00 if the cost of fuel equals or exceeds $3.75 on or after the arrival day of the Tour.)
Sample 1
FUEL ADJUSTMENT CLAUSE. The energy charges under this schedule are subject to a Fuel Adjustment Clause as provided for in Rate M-60S, or any amendments or superseding provisions applicable thereto. REGULATIONS: General Rules and Regulations govern use under this schedule. ADJUSTMENT FOR MUNICIPAL PAYMENTS: Bills under this rate schedule may be subject to adjustment for certain payments to municipalities as provided in the General Rules and Regulations. ================================================================================ XXXXX XXXXXX PUBLIC EFFECTIVE for service rendered on and UTILITIES COMMISSION after November 1, 1987 in SD. Approved: October 30, 1987 Docket No. F-3691 Xxx X. Xxxxxx, Corporate Secretary APPENDIX B General Rules and Regulations [not reproduced] APPENDIX C Fuel Adjustment Clause, tariff M-60S OTTER TAIL POWER COMPANY Section No. 3, Volume I Fergus Falls, Minnesota 5th Rev. Sheet No. 98-Super. 52 ELECTRIC RATE SCHEDULE Cancelling 4th Revised Sheet No. 52 Rate Designation M-60S, Page 1 of 1 ================================================================================ FUEL ADJUSTMENT CLAUSE There shall be added to or deducted from the monthly xxxx the amount per kilowatthour (rounded to the nearest 0.001 cents) that the average cost of fuel is above or below 1.5460 cents per kilowatthour. The average cost of fuel per kilowatthour for the current period shall be calculated from data covering actual costs from the most recent three-month period as follows: Energy costs from actual months 1, 2 and 3 plus unrecovered (or less over recovered) prior cumulative energy costs plus (or minus) the carrying charge, divided by the associated energy (reduced for average system losses) associated with retail sales for actual months 1, 2 and 3 equals the cost of energy amount. The applicable adjustment will be applied month to month on a uniform billing cycle to each customer's xxxx at the earliest practical date following the three-month period. The cost of fuel shall be determined as follows:
Sample 1
FUEL ADJUSTMENT CLAUSE. A. Fuel costs to be recovered through the fuel adjustment clause (“FAC”) shall be limited to fuel costs listed in the account definition of Federal Energy Regulatory Commission (“FERC”) Account 151 and costs for nuclear fuel recorded in FERC Account 518. FAC tariff sheets to implement this agreement shall be the same as the current FAC tariff sheets, except as follows: i. Replace the Factor FC definition with the following: FC = Fuel costs and revenues associated with the Company’s generating plants that are listed in Federal Energy Regulatory Commission (“FERC”) Account 151 and all costs and revenues that are recorded in FERC Account 518. These include the following: 1. For fossil fuel plants:1 A. the following costs and revenues (including applicable taxes) arising from steam plant operations: coal commodity, gas, alternative fuels, Btu adjustments assessed by coal suppliers, quality adjustments related to the sulfur content of coal assessed by coal suppliers, railroad transportation, switching and demurrage charges, railcar repair and inspection costs, railcar depreciation, railcar lease costs, similar costs associated with other applicable modes of transportation, fuel hedging costs, fuel oil adjustments included in commodity and transportation costs, fuel additive costs included in commodity or transportation costs, oil costs, and expenses resulting from fuel and transportation portfolio optimization activities; and B. the following costs and revenues (including applicable taxes) arising from non-steam plant operations: natural gas generation costs related to 1 For fossil fuel plants, the overall guiding principle is that the costs or revenues included in Factor FC must fall within the listing contained in FERC Account 151. To the extent a party subsequently believes that one or more of the fossil fuel components specified in this part 1.A and B of Factor FC do not meet the FERC’s definition of fuel in Account 151, the party has a right to challenge the inclusion of that cost or revenue in this FAC in a prudence review or complaint. commodity, oil, transportation, storage, capacity reservation, fuel losses, hedging, and revenues and expenses resulting from fuel and transportation portfolio optimization activities, but excluding fuel costs related to the Company’s landfill gas generating plant known as Maryland Heights Energy Center; and 2. The following costs and revenues (including applicable taxes) arising from nuclear plant operations: nuclear fuel...
Sample 1
FUEL ADJUSTMENT CLAUSE. Recover $196M (or amount determined by Commission) under- recovered fuel (based on 2017 act/est true-up filing) evenly over a two year period in 2018 and 2019. Reduces projected 2018 fuel increase by $2.53/1000 kWh (residential). [¶ 6] ▪ Remove Levy from NCRC – Remove $2.50/1000 kWh (residential) Levy recovery, requested in May 2017 filing, from NCRC/CCR effective Jan 2018. [¶ 10] ▪ Citrus CC GBRA - Not new, included in existing 2013 Settlement. [¶14] Basis for recovery preserved from 2013 Settlement. ▪ Up to 700 MW (max 350MW by Y/E 2019, 525MW by Y/E 2020 & 700MW by Y/E 2022). [¶15.d.]
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FUEL ADJUSTMENT CLAUSE. FAC Base Factor and Tariff & Eligible Accounts
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Related to FUEL ADJUSTMENT CLAUSE

  • Economic Price Adjustment is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • RENTAL ADJUSTMENT The lesser of (i) 2%, or (ii) 1.25 times the change in the Price Index, as described in Section 4.02.

  • Cost of Living Adjustment For each year following the Initial Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent as previously provided in the Initial Term, the total fee for all services shall equal the fee that would be charged for the same services based on a fee rate (as reflected in a fee rate schedule) increased by the percentage increase for the twelve-month period of such previous calendar year of the CPI-W (defined below) or, in the event that publication of such index is terminated, any successor or substitute index, appropriately adjusted, acceptable to both parties. As used herein, “CPI-W” shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-84=100), as published by the United States Department of Labor, Bureau of Labor Statistics.

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Price Schedule, Payment Terms and Billing, and Price Adjustments (a) Price Schedule: Price Schedule under this Contract is set forth in Exhibit B.

  • Section 754 Adjustment To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Holder in complete liquidation of his interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Holders in accordance with their interests in the Partnership in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Holders to whom such distribution was made in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • Purchase Price Adjustment (a) Within 90 days following the Closing, the Buyer shall prepare and deliver, or cause to be prepared and delivered, to the Seller a statement (the “Closing Schedule”) setting forth: (i) the Buyer’s determination of the actual amounts of (A) the Adjustment Amount, including the Final Adjustment Amount Overage or the Final Adjustment Amount Underage (the “Final Adjustment Amount”), and (B) the Seller Indebtedness Amount, in each case as of 12:01 a.m. Eastern Time on the Closing Date without taking into account any of the transactions to be completed on the Closing Date in accordance with the terms of this Agreement; (ii) a calculation of any adjustments to the Closing Payment based on such calculations (the adjusted Closing Payment as a result of such calculation being the “Final Closing Payment”); and (iii) a calculation of the accounts receivable contained in the Preliminary Adjustment Amount that were not collected by Buyer within the thirty (30) days immediately following the Closing and the accounts receivable existing at the Closing but not taken into account in calculating the Adjustment Amount (the “Excluded AR”). (b) Within fifteen (15) days after delivery of the Closing Schedule, the Seller may deliver a notice to Buyer either: (i) concurring with the Closing Schedule (a “Notice of Concurrence”); or (ii) disagreeing therewith (a “Notice of Disagreement”). If the Seller delivers a Notice of Disagreement, then it shall be accompanied by the Seller’s proposed revisions to the Closing Schedule. If the Seller fails to deliver any notice within such 15-day period, the Seller shall be deemed to have delivered a Notice of Concurrence. (c) If a Notice of Concurrence is delivered or deemed delivered, and if the Final Closing Payment is less than the Closing Payment, the Buyer shall be entitled to payment out of the Royalty Consideration in the full amount of such shortfall. If a Notice of Concurrence is delivered or deemed delivered, and the Final Closing Payment is greater than the Closing Payment, Buyer shall pay to the Seller the full amount of such excess (with such payment being in shares of Buyer Common Stock priced at $1.50 per share) within thirty (30) days of the delivery of the Notice of Concurrence. (d) If a Notice of Disagreement is delivered, then the Seller and the Buyer shall, during the 15-day period following such delivery (the “Negotiation Period”), use commercially reasonable efforts to agree on the Final Adjustment Amount. If, during such period, the Seller and the Buyer are unable to reach agreement, they promptly shall engage a nationally recognized certified public accounting firm reasonably acceptable to each such party (the “Independent Auditor”) to resolve the disagreement, and any such resolution shall be final, conclusive and binding upon the parties hereto, absent fraud or manifest error. To the extent the Final Closing Payment as determined by the Independent Auditor is less than the Closing Payment, the Buyer shall be entitled to payment out of the Royalty Consideration in the full amount of such shortfall. To the extent the Final Closing Payment as determined by the Independent Auditor is more than the Closing Payment, the Buyer shall pay to the Seller the full amount of such excess (with such payment being in shares of Buyer Common Stock priced at $1.50 per share) within thirty (30) days of such resolution. (e) Each of the Seller and the Buyer shall pay fifty percent (50%) of the fees and expenses of the Independent Auditor.

  • Price Adjustments 17.1 Prices for Goods/Services supplied in terms of this Agreement shall be subject to review as indicated in the Schedule of Requirements/Works Order annexed hereto. 17.2 No less than 2 [two] months prior to any proposed Price adjustment, the Parties shall commence negotiations for Prices for the next period or as otherwise indicated in Schedule 1 hereto. The Parties shall have regard for market-related pricing of equivalent goods, continuous improvement initiatives, costs [including labour, raw materials and transport/delivery], order size and frequency and changes to the specification of the Goods/Services. 17.3 Pursuant to clause 17.2 above, the Supplier/Service Provider shall keep full and accurate records of all costs associated with the supply of the Goods/Services to Transnet, in a form to be approved in writing by Transnet. The Supplier/Service Provider shall produce such records to Transnet for inspection at all reasonable times on request and such records may, at Transnet's option, be audited by Transnet or its designated representatives. 17.4 Should Transnet and the Supplier/Service Provider fail to reach an agreement on Price for the successive period, either Party shall be entitled to submit this matter to dispute resolution in accordance with clause 32 of the Master Agreement [Dispute Resolution]. 17.5 If during the period of this Agreement Transnet can purchase similar Goods/Services of a like quality from another supplier at a total delivered cost to a Transnet facility that is lower than the total delivered cost of the Goods/Services purchased hereunder from the Supplier/Service Provider, Transnet may notify the Supplier/Service Provider of such total delivered cost and the Supplier/Service Provider shall have an opportunity to adjust the Price of the Goods/Services purchased hereunder, on such a basis as to result in the same total delivered cost to Transnet, within 30 [thirty] calendar days of such notice. If the Supplier/Service Provider fails to do so or cannot legally do so, Transnet may (i) purchase the Goods/Services from such other supplier in which case the obligations, including, but not limited to, any purchase and sale requirements and/or commitments, if any, of Transnet and the Supplier/Service Provider hereunder shall be reduced accordingly; (ii) terminate this Agreement without any penalty, liability or further obligation; or (iii) continue purchases under this Agreement. 17.6 If during the period of this Agreement the Supplier/Service Provider sells any materials which are the same as, equivalent to, or substantially similar to the Goods/Services herein, at a total delivered cost to a third party lower than the total delivered cost to a Transnet facility, then the Supplier/Service Provider has an opportunity to adjust its Price for the Goods/Services purchased hereunder within 30 [thirty] calendar days so that the Price is the same or lower than the total delivered cost of such third party. If the Supplier/Service Provider fails to do so or cannot legally do so, Transnet may (i) purchase the Goods/Services from any other such supplier, in which case the obligations, including, but not limited to, any purchase and sale requirements and/or commitments, if any, of Transnet and the Supplier/Service Provider hereunder shall be reduced accordingly; or

  • Closing Adjustment At least three (3) Business Days prior to the Closing Date, Seller shall prepare in good faith and deliver to Buyer a statement (the “Estimated Statement”) setting forth an unaudited consolidated balance sheet of the Acquired Companies as of 12:01 a.m. Eastern time on the Closing Date and an estimated calculation of (i) Net Working Capital (the “Estimated Net Working Capital”), (ii) Cash (the “Estimated Cash”), and (iii) Seller’s calculation of the amount payable under Section 2.2(a) on the basis of the Estimated Statement, in each case, along with reasonable supporting detail to evidence the calculation of such amount. The Estimated Statement and all calculations therein shall be determined as of 12:01 a.m. Eastern time on the Closing Date and in accordance with GAAP, consistently applied, and using the same accounting methods, policies, practices and procedures, with consistent classifications, judgments and estimation methodology, as were used in the preparation of the Audited Balance Sheet and the Example Net Working Capital Calculation. Seller shall provide Buyer with reasonable access to the Books and Records of the Acquired Companies and shall cause the personnel of the Acquired Companies to reasonably cooperate with Buyer for the purpose of enabling Buyer to calculate, and to review Seller’s calculation of Estimated Net Working Capital and Estimated Cash and such amounts shall be adjusted in response to any reasonable comments of Buyer provided prior to the Closing. The amount payable under Section 2.4(b)(i) shall be (i) increased or decreased, respectively, dollar-for-dollar by the amount that the Estimated Net Working Capital is more than or less than Target Net Working Capital and (ii) increased dollar-for-dollar by the amount of the Estimated Cash (provided that in no event shall the Estimated Cash exceed the Maximum Cash Amount); provided, however, that in the event of a decrease, in lieu of decreasing the amount payable under Section 2.4(b)(i), the Deferred Payment Amount shall first be decreased by up to an aggregate of $2,000,000, and, if applicable, thereafter the amount payable under Section 2.4(b)(i) shall be decreased by the amount in excess of $2,000,000.

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