Storm Recovery Charge definition

Storm Recovery Charge means any storm-recovery charges as defined in Section 62-172(a)(15) of the Storm Recovery Law that are authorized by the Financing Order.
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Storm Recovery Charge means the amounts authorized by the
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Storm Recovery Charge means the storm bond repayment charge authorized by the Commission to be imposed on all electric Customers by FPL to recover Qualified Costs pursuant to the Financing Order.
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Examples of Storm Recovery Charge in a sentence

  • Not applicable; because underlying obligation (Storm Recovery Charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool asset (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

  • Subject to any mathematical correction as permitted by the Financing Order, the revised Storm Recovery Charges resulting from a Storm Recovery Charge Adjustment shall be effective as of the applicable Adjustment Date, and the Servicer shall begin to bill the Storm Recovery Charges to Customers commencing in the first billing cycle following the Adjustment Date in accordance with the Financing Order.

  • If any Storm Recovery Charge Adjustment request does not become effective on the applicable date as provided in such filing and in accordance with the Financing Order, the Servicer shall notify in writing the Issuer, the Indenture Trustee and the Rating Agencies by the end of the second Servicer Business Day after such applicable date.

  • If required by the Rating Agencies to obtain the highest credit ratings, the Servicer may make quarterly Storm Recovery Charge Adjustments as and when so required.

  • Whenever the Servicer files a Storm Recovery Charge Adjustment request with the LPSC, the Servicer shall send a copy of such filing to the Issuer, the Indenture Trustee and the Rating Agencies concurrently therewith and such other persons as are entitled to notice under the Financing Order.


More Definitions of Storm Recovery Charge

Storm Recovery Charge or “SRC” means any storm recovery charges, as defined in Section 1227(15) of the Storm Recovery Securitization Law, authorized pursuant to the Financing Order.
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Storm Recovery Charge means the amounts authorized by the com- mission to recover, finance, or refinance storm-recovery costs, financing cost, costs to replenish the storm-recovery reserve to the level that existed before the storm or storms, or such other level as the commission may authorize in a financing order, or as provided for in a financing order to be imposed on all customer bills and collected by an electric utility or its successors or assignees, or a collection agent, in full through a charge that is separate and apart from the electric utility’s base rates, which charge shall be paid by all customers receiving transmission or distribution service from the electric utility or its successors or assignees under commission-approved rate sched- ules or under special contracts, even if the customer elects to purchase electricity from an alternative electricity supplier following a fundamental change in regulation of public utilities in this state.
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Storm Recovery Charge means the amounts authorized by the commission to recover, finance, or refinance storm-recovery costs, financing costs, costs to re- plenish the storm-recovery reserve to the level that existed before the storm or storms, or such other level as the commission may authorize in a financing order, or
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Related to Storm Recovery Charge

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Transition bond charge means a charge, expressed as an

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Electricity Charges means service charges in respect of the provision of electricity.

  • transaction charge means any amount charged to a client by a registered firm in respect of a purchase or sale of a security and includes any federal, provincial or territorial sales taxes paid on that amount;

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Access Charge has the meaning set out in Clause 6.1;