Budget Payment Plan definition

Budget Payment Plan means a plan seeking to reduce fluctuations in the amount a customer must pay in each billing cycle. The customer agrees to pay an amount for each billing cycle that is based upon the amount the utility expects the customer to be billed for an entire year divided by the number of billing cycles in the year. The amount may be adjusted to accommodate changes in the usage pattern by the customer.
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Budget Payment Plan means a levelized payment plan offered by JCP&L, which, if elected by a Customer, provides for level monthly Xxxx charges to such Customer. For residential Customers, this charge is calculated by calculating actual electricity charges for the previous year and dividing this amount by twelve. The number which results from this calculation is charged to the residential Customer each month. In the twelfth month, JCP&L bills the residential Customer for actual use in that month, adjusted for any excess or deficit the Customer has paid JCP&L over the prior eleven months. If the Customer owes JCP&L $4 or more over the normal budget amount, that Customer has the option of repaying the full amount in the twelfth month, or spreading the amount of this deficit in equal installments over the first four months of the Customer's next budget year. The procedure is similar for small industrial and commercial Customers.
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Budget Payment Plan means a levelized payment plan offered by LIPA, which, if elected by a Customer, provides for level monthly Xxxx charges to such Customer. For residential Customers, this charge is calculated by calculating actual electricity usage for the previous 12 months, multiplying that usage by the applicable rates and non-usage sensitive charges and dividing this amount by twelve. The number which results from this calculation is charged to the residential Customer each month. The procedure is similar for small industrial and commercial Customers.
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Examples of Budget Payment Plan in a sentence

  • Partial payment of a Budget Payment Plan payment shall be allocated according to clause (iii) above, and overpayment of a Budget Payment Plan payment shall be allocated according to clause (iv) above.

  • The District’s Budget Payment Plan (budget plan) is an option offered for the customer’s convenience.

  • The Office of Treasury Services offers a Budget Payment Plan (BPP) and should be contacted directly to establish such a plan.

  • All accounts will be reconciled every June.If a customer fails to pay bills as agreed under the Budget Payment Plan, the utility reserves the right to change the Customer to regular billing, and require immediate payment of any deficiency.

  • If financial aid has not been credited to your account prior to move-in, you may apply for the Budget Payment Plan through the Office of Treasury Services, which may require payment of a portion of the fees at the time of enrollment.

  • A customer removed from the Budget Payment Plan for non-payment may be prohibited from further participation in the plan for twelve (12) months.The Utility reserves the right to cancel Budget Payment Plan at any time without notice.

  • The Utilities Budget Payment Plan is available to any residential customer.

  • Budget Payment Plan will continue in effect until the Customer notifies the Cooperative or the plan is canceled under the conditions outlined under Discontinuation of Plan.

  • The Cooperative’s Budget Payment Plan for services obtained from the Cooperative will continue to be available to qualified Customers acquiring energy services from a CSP.

  • Upon application to the Company, the customer may have their electric, gas and water service billed on the Budget Payment Plan.


More Definitions of Budget Payment Plan

Budget Payment Plan means a levelized payment plan offered by PSE&G, which, if elected by a Customer, provides for level monthly Xxxx charges to such Customer. For residential Customers, this charge is calculated by calculating actual electricity charges for the previous year and dividing this amount by twelve. The number which results from this calculation is charged to the residential Customer each month. In the twelfth month, PSE&G bills the residential Customer for actual use in that month, adjusted for any excess or deficit the Customer has paid PSE&G over the prior eleven months. If the Customer owes PSE&G $4 or more over the normal budget amount, that Customer has the option repaying the full amount in the twelfth month, or spreading the amount of this deficit in equal installments over the first four months of the Customer's next budget year. The procedure is similar for small industrial and commercial Customers.
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Budget Payment Plan means a levelized payment plan offered by PP&L, which, if elected by a Customer, provides for level monthly Xxxx charges to such Customer. For Residential Customers, this charge is calculated by calculating actual electricity charges for the previous year, adjusted for weather, and dividing this amount by twelve. The number which result from this calculation is charged to the Residential Customer each month. In the twelfth month, PP&L bills the Residential customer for actual use in that month, adjusted for any excess or deficit the Customer has paid PP&L over the prior eleven months. If the Customer owes PP&L $4 or more over the normal budget amount, that Customer has the option repaying the full amount in the twelfth month, or spreading the amount of this deficit in equal installments over the first four months of the Customer's next budget year. The procedure is similar for Small Commercial and Industrial and Large Commercial and Industrial Customers, except that the charges for previous year is divided by eleven to determine the amount that is charged for each month.
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Budget Payment Plan means a levelized payment plan offered by ACE, which, if elected by a Customer, provides for level monthly Bill charges to such Customer.
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Related to Budget Payment Plan

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Distribution Reinvestment Plan means the distribution reinvestment plan of the Company approved by the Board and as set forth in the Prospectus.

  • Treatment plan means a written agreement between the department and the parent or

  • Recovery Plan means a recovery plan drawn up and maintained by an institution in accordance with Article 5;

  • Health benefits plan means a benefits plan which pays or

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Parenting plan means a written plan describing each parent's rights and responsibilities.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Resettlement Plan or “RP” means the resettlement plan for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Forest management plan means a written plan prepared and signed by a qualified forester that prescribes measures to optimize production, utilization, regeneration, and harvest of timber. The forest management plan shall include a schedule and timetables for the various silvicultural practices used on forestlands, which shall be a maximum of 20 years in length. A forest management plan shall include all of the following:

  • Distribution Plan means any plan or formula of allocation of the Net Settlement Fund, to be approved by the Court, upon notice to the Class as may be required, whereby the Net Settlement Fund shall in the future be distributed to Authorized Claimants.

  • Cost allocation plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Dividend Reinvestment Plan means a regular dividend reinvestment or other plan of the Corporation made available by the Corporation to holders of its securities where such plan permits the holder to direct that some or all of: (i) dividends paid in respect of shares of any class of the Corporation; (ii) proceeds of redemption of shares of the Corporation; (iii) interest paid on evidences of indebtedness of the Corporation; or (iv) optional cash payments; be applied to the purchase from the Corporation of Voting Shares;

  • Traffic Control Plan means a specific plan that includes but is not limited to signing; application and removal of pavement markings; construction sequencing and scheduling; methods and devices for delineation and channelization; placement and maintenance of devices; traffic regulation; and inspection.