Examples of Monthly Power Costs in a sentence
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Such Billing Statements shall detail the matters covered in Section 4.67, shall set forth, among other things, the amounts due for such Months from Purchaser with respect to the items of Monthly Power Costs and shall set forth, as a deduction from such amounts due, any credit to which Purchaser may be entitled under Section 7.6 if Purchaser is a Utah Municipal Purchaser.
Costs for such Capital Improvements that are Major Capital Improvements shall be approved by the Renewal Contract Coordinating Committee and shall be included in a budget for each such Major Capital Improvement payable from the proceeds of Renewal Contract Project Indebtedness, except to the extent included in the Operating Budget payable as Monthly Power Costs.
The amount of the variable cost component of Monthly Power Costs to be paid by Purchaser each Month pursuant to Section 7.2.4 shall be billed the Month following the Month the Project Fuel associated with such variable cost component was used.
Based on such determinations by the Renewal Contract Coordinating Committee, IPA shall determine, in a manner consistent with this Section 16, the specific Debt Instruments to be purchased or redeemed or the elements of Monthly Power Costs that will be reduced and shall take the actions necessary to implement such determinations.
Costs for such Capital Improvements that are Ordinary Capital Improvements shall be approved by the Renewal Contract Coordinating Committee and shall be set forth in the Operating Budget and included in the Annual Budget payable as Monthly Power Costs, except to the extent payable from the proceeds of any Renewal Contract Project Indebtedness.
For billing purposes, the amount of the minimum cost component of Monthly Power Costs to be paid by Purchaser each Month pursuant to Sections 7.2.1 through 7.2.3, shall be billed in advance and shall be based on the then current Annual Budget.
Costs of consultants and others employed or appointed by the Renewal Contract Coordinating Committee to perform the duties hereunder shall be included in the Monthly Power Costs and shall be billed to IPA, the Project Manager or the Operating Agent, as appropriate.
Except as provided in Section 4.67.1.5, any expenses incurred by any representative of any Purchaser or group of Purchasers serving on the Renewal Contract Coordinating Committee or any committee or sub-committee in connection with his or her duties in connection therewith shall be paid by Purchaser or the Purchasers that he or she represents and shall not be included in Monthly Power Costs.
For avoidance of doubt, in the event that Purchaser shall have elected in accordance with the Fuel Management Practices and Procedures to procure its own fuel for such Month, such variable cost component of Monthly Power Costs shall not apply to Purchaser or the cost of the fuel procured by Purchaser and used in the Generation Station for the generation of Purchaser’s Generation Entitlement Share during such Month as provided under Section 9.11.