Fuel Cost Component definition
Examples of Fuel Cost Component in a sentence
The Fuel Cost Component of total Monthly Power Costs for any Agreement Year shall consist of the cost of fuel budgeted for FERC Account 547, Fuel, for such Agreement Year as set forth in the fuel cost budget included in the Annual Budget and not otherwise included under this definition of Monthly Power Costs, including, without limitation, costs relating to commodity ▇▇▇▇▇▇ or other derivative products, including financial products, entered into or procured as part of the cost of fuel.
The Fuel Cost Component shall consist of the Fuel Cost included in the then current Project Annual Budget for the next succeeding month and not otherwise included under Section 17.6 or Section 17.9.
Except as another procedure is approved by the Participant Committee and included in the PMOA, as soon as practicable after the end of each month, NCPA shall compare the actual Fuel Costs payable during such month with the amount billed for the Fuel Cost Component with respect to such month.
During such extended period, the Seller shall only be paid the Fixed O&M Local Component, the Insurance Component,the Variable O&M Component and Fuel Cost Component of the applicable Energy Price for the Monthly Energy.
If such alternative basis for billing Fuel Costs is included in the PMOA, then the Fuel Cost Component shall be billed in accordance with such procedures.
NCPA shall increase or decrease, as necessary, the respective Fuel Cost Component, or other component of the Total Monthly Power Costs if necessary, of each Participant’s Billing Statement for the next month in which such adjustment can reasonably be made to reflect the difference between the amount billed for the Fuel Cost Component and the amount paid or payable for the Fuel Cost Component for the month under review.