Examples of Purchased power adjustment clause in a sentence
Costs passed through this Fuel and Purchased Power Adjustment Clause (FAC) reflect differences between actual fuel and purchased power costs, including transportation and emissions costs and revenues, net of off-system sales revenues (OSSR) (i.e., Actual Net Energy Costs (ANEC)) and Net Base Energy Costs (B), calculated and recovered as provided for herein.
In the event a court determines that this Fuel and Purchased Power Adjustment Clause is unlawful and all moneys collected hereunder are fully refunded, the Company shall be relieved of the obligation under this Fuel and Purchased Power Adjustment Clause to file such a rate case.
The four-year period referenced above shall not include any periods in which the Company is prohibited from collecting any charges under this Fuel and Purchased Power Adjustment Clause, or any period for which charges hereunder must be fully refunded.
Prudence reviews of the costs subject to this Fuel and Purchased Power Adjustment Clause shall occur no less frequently than every eighteen months, and any such costs which are determined by the Missouri Public Service Commission to have been imprudently incurred shall be returned to customers with interest at a rate equal to the weighted average interest rate paid on the Company’s short-term debt.
Increases and decreases in the Fuel Component incurred by Company pursuant to this Agreement may be included in Company’s Energy Cost Adjustment Clause during the Term of the Agreement; and If approved by the PUC, the costs incurred as a result of the Capacity Charge and the Variable O&M Component may be included in the Purchased Power Adjustment Clause to the extent such costs are not included in base rates.