Seasonal Billing Factor means a numerical factor, as set forth in Attachment B, one amount applicable during the summer months of June through September, and one amount applicable during the non-summer months of October through May, applied to the Price in accordance with the provisions of Article 6 and thereby used to adjust Duke Energy Ohio’s payments to SSO Suppliers.
Seasonal Billing Factor. When specified, numerical multipliers associated with summer months (June-September) and non-summer months (November-May) Summer Seasonal Billing Factor- 1.0 Non-Summer Seasonal Billing Factor- 1.0 Otherwise, assumed to be 1.0, if not specified.
Seasonal Billing Factor means a numerical factor, as set forth in Appendix B, one amount applicable during the summer months of June through August, and one amount applicable during the non-summer months of September through May, applied to the Price in accordance with the provisions of Article 8 and thereby used to adjust the Companies’ payments to SSO Suppliers. Settlement Amount means the net amount of the Losses or Gains, and Costs, expressed in U.S. Dollars, which the Non-Defaulting Party incurs as a result of Early Termination, calculated from the Early Termination Date through the end of the Original Delivery Period. For purposes of calculating the Settlement Amount, the quantity of Energy (and other components of SSO Supply) provided for under this Agreement for the period following the Early Termination Date through the remainder of the Original Delivery Period will be deemed to be those quantities that were delivered on an hourly basis, or would have been delivered on an hourly basis had this Agreement been in effect, during the previous calendar year, adjusted for any SSO Load changes as may have occurred since the previous calendar year as determined by the Companies. The calculation of Settlement Amount with respect to an Early Termination shall exclude Default Damages calculated pursuant to Section 5.2(b).
Examples of Seasonal Billing Factor in a sentence
Xxxxxxx Title: President [SSO SUPPLIER SIGNATURES APPEAR ON SUCCEEDING PAGES] [SSO SUPPLIER] By:_ Name: Title A SSO Supplier Responsibility Share B Seasonal Billing Factor C Credit Examples D Form of Guaranty E Form of SSO Supplier Letter of Credit F Sample PJM Invoice G Representative Form of PJM Delegation of Authority SSO Supplier Price ($MWh) SSO Supplier No. of Tranches Responsibility Share Percentage (%) /MWh % Original Delivery Period: , 201_ through , 201_.
More Definitions of Seasonal Billing Factor
Seasonal Billing Factor. A numerical factor, as set forth in Appendix C hereto, one amount applicable during the summer months of June through September and one amount applicable during the non-summer months of October through May, applied to the DS Fixed Price in accordance with the provisions of Article 9 hereof and thereby used to adjust the Company’s payments to the DS Supplier. Rounding Amount - $100,000.
Seasonal Billing Factor a numerical factor set forth in Appendix B hereto, one amount applicable during the summer months of June through September, and one amount applicable during the non-summer months of October through May, applied to the Auction Price in accordance with the provisions of Article 9 of this Agreement and thereby used to shape the Company’s payments to BGS-FP Suppliers. Service Territory – the geographic areas of the State of New Jersey in which the Company serves electric Customers. Settlement Amount – with respect to a Non-Defaulting Party, the net amount of the Losses or Gains, and Costs, expressed in U.S. Dollars, which such party incurs as a result of Early Termination, as set forth in Section 5.4(a) of this Agreement. For the purposes of calculating the Termination Payment, the Settlement Amount shall be considered an amount due to the Non-Defaulting Party under this Agreement if the total of the Losses and Costs exceeds the Gains and shall be considered an amount due to the Defaulting Party under this Agreement if the Gains exceed the total of the Losses and Costs. Statement – a monthly report prepared by the Company for the BGS-FP Supplier indicating the amount due to the BGS-FP Supplier by the Company in compensation for kWhs supplied to BGS-FP Customers by the BGS-FP Supplier during the current Billing Month, in accordance with the BGS-FP Supplier’s obligations under this Agreement. Supply Day – any calendar day during the term of this Agreement on which the BGS-FP Supplier is providing, or is obligated by this Agreement to provide, BGS-FP Supply to the Company’s BGS-FP Customers. Tangible Net Worth or “TNW” – total assets less intangible assets and total liabilities. Intangible assets include benefits such as goodwill, patents, copyrights and trademarks. Termination Payment – shall have the meaning ascribed in Section 5.4 of this Agreement. Third Party Supplier or “TPS” – a person or entity that is duly licensed by the Board to offer and to assume the contractual and legal responsibility to provide electric generation service to retail customers located in the state of New Jersey pursuant to retail open access programs approved by the Board. Total Exposure Amount – an amount calculated daily for each BGS-FP Supplier reflecting the total credit exposure to the Company and consisting of the sum of (i) the Xxxx-to-Market Exposure Amount arising under this Agreement; (ii) any amount(s) designated as the “Xxxx-to-Market Exposure Amount” arising under any ...