Deferred fuel cost charge definition

Deferred fuel cost charge means any deferred fuel cost charge as defined in Section 56-249.6:2 O of the Deferred Fuel Cost Statute that are authorized by the Financing Order.
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Deferred fuel cost charge means the nonbypassable charges authorized by the Commission to
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Deferred fuel cost charge means the nonbypassable charges authorized by the Commission to repay, finance, or refinance deferred fuel costs and financing costs (i) imposed on and part of all retail customer bills, except those of exempt retail access customers; (ii) collected by an electric utility or its successor or assignees, or a collection agent, in full, separate and apart from the electric utility's base rates; and (iii) paid by all retail customers of the electric utility, irrespective of the generation supplier of such customer, except for an exempt retail access customer.
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Examples of Deferred fuel cost charge in a sentence

  • On or before the last Servicer Business Day of each month, the Servicer shall prepare and deliver to the Issuer, the Indenture Trustee and the Rating Agencies a written report substantially in the form of Exhibit B (a “Monthly Servicer’s Certificate”) setting forth certain information relating to Deferred Fuel Cost Charge Payments received by the Servicer during the Collection Period preceding such date.

  • Notwithstanding anything in this Sale Agreement to the contrary, the Seller makes no representation or warranty, express or implied, that amounts billed under the Deferred Fuel Cost Charge will be collected or that the Deferred Fuel Cost Payments or Deferred Fuel Cost Collections will be sufficient to meet the obligations on the Deferred Fuel Cost Bonds.

  • In addition, so long as any of the Deferred Fuel Cost Bonds are Outstanding, the Servicer will use commercially reasonable efforts to ensure that such Third-Party Supplier provides to the Issuer, within a reasonable period of time after written request therefor, any information available to the Third-Party Supplier or reasonably obtainable by it that is necessary to calculate the Deferred Fuel Cost Charge.

  • The Servicer shall implement the revised Deferred Fuel Cost Charge, if any, resulting from such Semi-Annual True-Up Adjustment as of the Semi-Annual True-Up Adjustment Date.

  • Deferred Fuel Cost Charge Collections remitted will represent the charges estimated to be received for any period based upon Collection Lag and an estimated system-wide write-off percentage.

  • After each revised Deferred Fuel Cost Charge has gone into effect pursuant to a True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable Commission Regulations, if any, cause to be prepared and delivered to Customers required notices, if any, announcing such revised Deferred Fuel Cost Charge.

  • Prior to remittance on the applicable remittance date, the Servicer may invest estimated Deferred Fuel Cost Charge Payments at its own risk and for its own benefit, and such investments and funds shall not be required to be segregated from the other investments and funds of the Servicer.

  • Whenever the Servicer files an Amendatory Schedule with the Commission or implements a revised Deferred Fuel Cost Charge with notice to the Commission without filing an Amendatory Schedule, the Servicer shall send a copy of such filing or notice (together with a copy of all notices and documents that, in the Servicer’s reasonable judgment, are material to the adjustments effected by such Amendatory Schedule or notice) to the Issuer, the Indenture Trustee and the Rating Agencies concurrently therewith.

  • With respect to any partial payments, payments by Customers participating in VEPCO’s budget billing program or payments by Customers paying pursuant to a payment plan, an amount equal to the full Deferred Fuel Cost Charge based on actual usage by such Customers will be allocated to the Deferred Fuel Cost Charge (with any remaining amounts allocated to such Customer’s other billed amounts) under the Servicer Policies and Practices as in effect on the date of the Servicing Agreement.

  • If, for any reason a revised Deferred Fuel Cost Charge is not implemented and effective on the applicable date set forth herein, the Servicer shall notify the Issuer, the Indenture Trustee and each Rating Agency in writing by the end of the second Servicer Business Day after such applicable date.

Related to Deferred fuel cost charge

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Consolidated Non-cash Charges means, with respect to any Person for any period, the aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person for such period on a consolidated basis and otherwise determined in accordance with GAAP, but excluding any such charge which consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any future period.

  • Consolidated Lease Expense for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries for such period with respect to leases of real and personal property, determined on a consolidated basis in accordance with GAAP.