First Rate Year definition

First Rate Year means the period of November 1, 2008 through May 31, 2009, which corresponds to the period for which charges are assessed under the Formula Rate as set forth in PPL Electric’s original formula rate template filed on August 28, 2008 with the Federal Energy Regulatory Commission (“Commission”) in Docket No. ER08-1457-000.
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First Rate Year means the period that begins on June 1, 2013, and ends on May 31, 2014.
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First Rate Year means the period of March 1, 2009 through June 30, 2009.
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Examples of First Rate Year in a sentence

  • Beginning with the First Rate Year and for each Rate Year thereafter, the Annual Transmission Revenue Requirement calculated in accordance with Attachment H-24A and the Network Integration Transmission Service and Point-to-Point rates derived from Attachment H-24A shall be applicable to transmission services provided by PJM for the EKPC transmission pricing zone during the Rate Year.

  • In the First Rate Year, the Company's base delivery rates will increase by $46.8 million.

  • I have read the Guidance Notes prior to completing this application form.

  • The first True-Up Adjustment under these Protocols will be calculated in May 2009 and shall be the difference between the Annual Transmission Revenue Requirement set forth in the original filing and the Annual Transmission Revenue Requirement for the First Rate Year, calculated based upon the Annual Update filed/posted on or before May 15, 2009.

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  • The Proposal provides for the increase for the First Rate Year to be phased in over the two-year period covered by this Proposal, resulting in an increase in base rates for the First Rate Year of $49.6 million and an increase in base rates for the Second Rate Year, which also reflects estimated increases in pension costs, property taxes and net plant additions, of $27.4 million.

  • In order to encourage Distribution to promote retail access in its service territory, a migration incentive will be made available to the Company for the First Rate Year and Second Rate Year provided there is a net minimum migration of at least 10,000 accounts.

  • The parties hereto agree that, for the First Rate Year, the Annual Transmission Revenue Requirement, as set forth in PPL Electric’s original formula rate template filed on August 28, 2008 with the Commission in Docket No. ER08-1457-000, will be divided by the number of months the rate is in effect to calculate the projected cost of service to be collected each month of the First Rate Year.

  • Beginning with the First Rate Year, firm customers’ share of Non-Firm Revenues will be reduced to provide for recovery of the cost of plant in service applicable to interruptible and off- peak firm customers (excluding power generation customers) as of September 30, 2004, estimated to be $202,137 per month.

  • In the August 2011 Order, the Commission found that PPL’s formula rate allowed for prior period adjustments except in the development of the revenue requirement for the First Rate Year (2008-2009), which at that time had passed.


More Definitions of First Rate Year

First Rate Year means the period that begins on January 1, 2012, and ends on May 31, 2012.
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Related to First Rate Year

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Term Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Term Rate.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Minimum Rate Period means any Rate Period consisting of 7 Rate Period Days.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Rate Period has the meaning set forth in the Statement.

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • SOFR Rate Day has the meaning specified in the definition of “Daily Simple SOFR”.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • First Reset Period means the period from (and including) the First Reset Date until (but excluding) the Second Reset Date or, if no such Second Reset Date is specified in the applicable Final Terms, the Maturity Date;