Net Requirement definition

Net Requirement. (08/15/08 Version) means the amount of federal power that «Customer Name» is entitled to purchase from BPA to serve its Total Retail Load minus amounts of «Customer Name»’s Dedicated Resources shown in Exhibit A, as determined consistent with section 5(b)(1) of the Northwest Power Act.

Net Requirement means the annual sum of all expenses and fees, including Debt Service Coverage allocated to a particular Cost Center, minus all Offsetting Revenues.

Net Requirement. (XX/XX/XX Version) means the amount of electric power that a customer may purchase from BPA to serve its Total Retail Load, minus amounts of its Dedicated Resources shown in Exhibit A, as determined consistent with Section 5(b)(1) of the Northwest Power Act. [LF, SL, BL]

Examples of Net Requirement in a sentence

• The maximum planned amount of power a customer may purchase under Tier 1 Rates each Fiscal Year of the Rate Period is equal to the RHWM for Load Following customers and the lesser of RHWM or Annual Net Requirement for Block and Slice/Block customers.

• NET REQUIREMENTS«Customer Name»’s Net Requirement equals its Total Retail Load minus «Customer Name»’s Dedicated Resources determined pursuant to section 3.3 of the body of this Agreement and listed in sections 2, 3, and 4 of this exhibit.

• As long as «Customer Name» has Existing Resources to remove, the amount of such removal shall equal the lesser of: (1) the remaining amount that «Customer Name»’s RHWM exceeds its Preliminary Net Requirement, or (2) the difference between «Customer Name»’s Preliminary Net Requirement for the first Fiscal Year and «Customer Name»’s Preliminary Net Requirement for the applicable subsequent Fiscal Year of the Rate Period.

• For each subsequent Fiscal Year of a Rate Period, Tier 2 remarketing and resource removal pursuant to section 10.3 shall apply as stated in section 10.4. In addition, if «Customer Name»’s Preliminary Net Requirement for the applicable subsequent Fiscal Year of a Rate Period is lower than «Customer Name»’s Preliminary Net Requirement for the first Fiscal Year of the same Rate Period, then resource removal shall apply to «Customer Name»’s Existing Resources.

• The Landing Fee rates for each Airport in any Rate Period shall be calculated by dividing each Airport's Airfield Net Requirement by the combined estimated landed weight for all Air Transportation Companies and General Aviation operating at that Airport during the Rate Period.

More Definitions of Net Requirement

Net Requirement. (05/15/08 Version) means the amount of federal power that a customer is entitled to purchase from BPA to serve its Total Retail Load minus its Dedicated Resource amounts as shown in Exhibit A, Net Requirements and Resources, consistent with section 5(b)(1) of the Northwest Power Act.

Net Requirement means the amount of electric power that a customer is entitled to purchase from BPA to serve its Total Retail Load, minus amounts of its Dedicated Resources shown in Exhibit A, as determined consistent with Section 5(b)(1) of the Northwest Power Act.

Net Requirement means the amount of federal electric power that «Customer Name»a customer may is entitled to purchase from BPA to serve its Total Retail Load, minus amounts of «Customer Name»’sits Dedicated Resources shown in Exhibit A, as determined consistent with section 5(b)(1) of the Northwest Power Act.

Net Requirement means the amount of electric power that a customer may purchase from BPA to serve its Total Retail Load, minus amounts of its

Net Requirement means the amount of federal power that Jefferson is entitled to purchase from BPA to serve its Total Retail Load minus amounts of Jefferson’s Dedicated Resources shown in Exhibit A, as determined consistent with section 5(b)(1) of the Northwest Power Act.

Net Requirement means the amount of federal power that PacifiCorp is entitled to purchase from BPA to serve its Total Retail Load minus amounts of PacifiCorp’s Dedicated Resources shown in Exhibit A, as determined consistent with section 5(b)(1) of the Northwest Power Act.

Net Requirement means with respect to each Cost and Revenue Center, the sum of all obligations associated with such Cost and Revenue Center including, but not limited to O&M Expenses, Debt Service Fund Requirement, Coverage, Amortization Requirement, O&M Reserve Requirement, Equipment and Capital Outlays Allowance, Capital Expenditures, and other associated Capital Charges. The total amount resulting from the above shall be subtracted by the sum of the all associated credits applicable to each Cost and Revenue Center including, but not limited to the following, Non-Airline Revenues, Non-Signatory Airline Revenues, Rollover Coverage Requirement, and other associated Revenue credits to derive the Net Requirement for each Cost and Revenue Center. The Net Requirement for each Cost and Revenue Center is presented in Exhibit F.