Deferred Fuel Cost Statute definition

Deferred Fuel Cost Statute means the portion of the Virginia Electric Utility Regulation Act, effective July 1, 2023, codified at Section 249.6:2 of Title 56 of the Code of Virginia.
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Examples of Deferred Fuel Cost Statute in a sentence

  • The Indenture and this Supplement constitute a security agreement within the meaning of the Deferred Fuel Cost Statute and under the UCC to the extent that the provisions of the UCC are applicable hereto.

  • All actions or filings, including filings under the Deferred Fuel Cost Statute and the UCC, necessary to give the Issuer a valid ownership interest in the Deferred Fuel Cost Property and to grant the Indenture Trustee a first priority perfected security interest in the Deferred Fuel Cost Property, free and clear of all Liens of the Seller or any other Person have been taken or made.

  • In any proceedings related to the exercise of the power of eminent domain by any locality to acquire a portion of VEPCO’s electric distribution facilities, the Servicer will assert that the court ordering such condemnation must treat such municipality as a successor to VEPCO under the Deferred Fuel Cost Statute and the Financing Order.

  • The Deferred Fuel Cost Property is not subject to any Lien thereon, other than the Liens created by the Indenture and the Deferred Fuel Cost Statute.

  • There is no order by any court providing for the revocation, alteration, limitation or other impairment of the Deferred Fuel Cost Statute, the Financing Order, the Deferred Fuel Cost Property or the Deferred Fuel Cost Charge or any rights arising under any of them or that seeks to enjoin the performance of any obligations under the Financing Order.

  • The voters of the Commonwealth of Virginia do not have initiative powers to amend, repeal or revoke the Deferred Fuel Cost Statute.

  • No governmental approvals, authorizations, consents, orders or other actions or filings, other than filings under the Deferred Fuel Cost Statute or the Virginia UCC or Delaware UCC, are required for the Seller to execute, deliver and perform its obligations under this Sale Agreement except those that have previously been obtained or made or are required to be made by the Servicer in the future pursuant to the Servicing Agreement.

  • The Issuer shall have made or caused to be made all filings with the Commission pursuant to the Financing Order and the Deferred Fuel Cost Statute and all other filings necessary to perfect the Grant of the Deferred Fuel Cost Collateral to the Indenture Trustee and the Lien of this Indenture, including, but not limited, to UCC Financing Statements in Delaware or Virginia as applicable.

  • In addition, upon a Servicer Default described in Section 7.01(a), the Holders and the Indenture Trustee as financing parties under the Deferred Fuel Cost Statute (or any of their representatives) shall be entitled to apply to the Commission or a court of appropriate jurisdiction for an order for sequestration and payment of revenues arising with respect to the Deferred Fuel Cost Property.

Related to Deferred Fuel Cost Statute

  • Short-term acute care facility means a facility or Hospital that provides care to people with medical needs requiring short-term Hospital stay in an acute or critical setting such as for recovery following a surgery, care following sudden Sickness, Injury, or flare-up of a chronic Sickness.

  • Enrollee point-of-service cost-sharing or "cost-sharing" means amounts paid to health carriers directly providing services, health care providers, or health care facilities by enrollees and may include copayments, coinsurance, or deductibles.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Agreement sales and use tax means a tax imposed under: (a) Subsection 59-12-103(2)(a)(i)(A);

  • Bulk transfer/terminal system means the motor fuel distribution system consisting of refineries, pipelines, marine vessels, and terminals. Motor fuel in a refinery, pipeline, terminal, or a marine vessel transporting motor fuel to a refinery or terminal is in the bulk transfer/terminal system. Motor fuel in a fuel storage facility including, but not limited to, a bulk plant that is not part of a refinery or terminal, in the fuel supply tank of any engine or motor vehicle, in a marine vessel transporting motor fuel to a fuel storage facility that is not in the bulk transfer/terminal system, or in any tank car, rail car, trailer, truck, or other equipment suitable for ground transportation is not in the bulk transfer/terminal system.

  • Spent fuel means any fuel element or fuel component, solid or liquid, which has been used or exposed to radiation in a nuclear reactor;

  • Spent nuclear fuel means fuel that has been withdrawn from a nuclear re- actor following irradiation, the con- stituent elements of which have not been separated by reprocessing.

  • Applicable water quality standards means all water quality standards to which a discharge is subject under the federal Clean Water Act and which has been (a) approved or permitted to remain in effect by the Administrator following submission to the Administrator pursuant to Section 303(a) of the Act, or (b) promulgated by the Director pursuant to Section 303(b) or 303(c) of the Act, and standards promulgated under (APCEC) Regulation No. 2, as amended.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Intermodal Rail Yard means a rail facility in which cargo is transferred from drayage truck to train or vice-versa.

  • Long-term acute care facility (LTAC) means a facility or Hospital that provides care to people with complex medical needs requiring long-term Hospital stay in an acute or critical setting.

  • Categorical pretreatment standard or "categorical standard" means any regulation containing pollutant discharge limits promulgated by the environmental protection agency in accordance with sections 307(b) and (c) of the Act (33 U.S.C. section 1317) that apply to a specific category of users and that appear in 40 CFR chapter I, subchapter N, parts 405 through 471.

  • Renewable fuel means a fuel that is derived from Eligible Energy Resources. This term does not include a fossil fuel or a waste product from a fossil fuel source.

  • Additional Special Servicing Compensation As defined in Section 3.11(d).

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Basic generation service transition costs means the amount by

  • Bulk gasoline terminal means a gasoline storage facility which receives gasoline from its supply source primarily by pipeline, ship, or barge, and delivers gasoline to bulk gasoline plants or to commercial or retail accounts primarily by tank truck; and has an average daily throughput of more than 76,000 liters (20,000 gallons) of gasoline.

  • Interconnected Reliability Operating Limit or “IROL” shall mean the value (such as MW, MVAR, Amperes, Frequency, or Volts) derived from, or a subset of, the System Operating Limits, which if exceeded, could expose a widespread area of the bulk electrical system to instability, uncontrolled separation(s) or cascading outages.

  • Sales and Use Taxes means local and State sales and compensating use taxes and fees imposed pursuant to Article 28 of the New York State Tax Law, as the same may be amended from time to time.

  • Ethanol blended gasoline means the same as defined in section 214A.1.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • health and safety specification means a site, activity or project specific document prepared by the client pertaining to all health and safety requirements related to construction work;

  • Basic gas supply service means gas supply service that is

  • PJM Region Reliability Requirement means, for purposes of the Base Residual Auction, the Forecast Pool Requirement multiplied by the Preliminary PJM Region Peak Load Forecast, less the sum of all Preliminary Unforced Capacity Obligations of FRR Entities in the PJM Region; and, for purposes of the Incremental Auctions, the Forecast Pool Requirement multiplied by the updated PJM Region Peak Load Forecast, less the sum of all updated Unforced Capacity Obligations of FRR Entities in the PJM Region.