Storm Recovery Charges definition

Storm Recovery Charges means the nonbypassable amounts to be charged for the use or availability of electric services, approved by the Louisiana Commission in the Financing Order that may be collected by the Seller, its successors, assignees or other collection agents as provided for in the Financing Order.
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Storm Recovery Charges means the amounts authorized by the LPSC to recover, finance or refinance Storm Recovery Costs, Storm Recovery Financing Costs, and costs to replenish or fund a Storm Recovery Reserve to such level as the LPSC may authorize in a Storm Recovery Financing Order.
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Storm Recovery Charges means the amounts authorized by
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Examples of Storm Recovery Charges in a sentence

  • Such adjusted storm recovery charge rates shall be filed with the LPSC not less than fifteen (15) days prior to the first billing cycle of the SWEPCO revenue month in which the revised Storm Recovery Charges will be in effect.

  • 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.

  • In addition, so long as any of the Storm Recovery Bonds are Outstanding, the Servicer shall provide to the Issuer, to the LPSC and to the Indenture Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the Storm Recovery Charges applicable to each Customer Class.

  • Additionally, the Issuer agrees that this Agreement is not subject to a suspensive condition under Louisiana Civil Code Article 2450, notwithstanding that the imposition and collection of Storm Recovery Charges depends upon future acts such as the Servicer performing its servicing functions relating to the collection of Storm Recovery Charges, the future provision of electric service to Customers, and the future consumption by Customers of electricity.

  • The initial Storm Recovery Charges and the final terms of the Storm Recovery Bonds set forth in the Issuance Advice Letter have become effective.

  • The initial Storm Recovery Charges shall be billed commencing on the first day of the first Billing Period of the first SWEPCO revenue month that begins after the Closing Date.

  • The Servicer (a) shall obtain a calculation of each Customer’s usage (which may be based on data obtained from such Customer’s meter read or on usage estimates determined in accordance with applicable LPSC Regulations) in accordance with the Servicer’s customary procedures and practices and shall determine therefrom each Customer’s individual Storm Recovery Charges to be included on Bills issued by it to such Customer.

  • In accordance with the Servicer’s then-existing Servicer Policies and Practices for its own charges, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a Bill to each Customer, for such Customers’ Storm Recovery Charges once every applicable Billing Period, at the same time, with the same frequency and on the same Bill as that containing the Servicer’s own charges to such Customers.

  • In the event that the Seller receives collections in respect of the Storm Recovery Charges or the proceeds thereof other than in its capacity as the Servicer, the Seller agrees to pay to the Servicer, on behalf of the Issuer, all payments received by it in respect thereof as soon as practicable after receipt thereof; prior to such remittance to the Servicer by the Seller, the Seller agrees that such amounts are held by it in trust for the Issuer and the Indenture Trustee.

  • There is no order by any court providing for the revocation, alteration, limitation or other impairment of the Securitization Act, the Financing Order, the Issuance Advice Letter, the Storm Recovery Property or the Storm Recovery Charges or any rights arising under any of them or that seeks to enjoin the performance of any obligations under the Financing Order.


More Definitions of Storm Recovery Charges

Storm Recovery Charges means the “storm recovery charges” (as defined in Section 1227(15) of the Securitization Act) approved by the Louisiana Commission in the Financing Order.
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Storm Recovery Charges means the amounts:
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Storm Recovery Charges means any storm recovery charges as defined in Sections 23-18-902(14) of the Securitization Act authorized pursuant to the Financing Order.
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Storm Recovery Charges means the nonbypassable amounts to be charged for the use or availability of electric services, approved by the LPSC in the Financing Order to recover Financing Costs, that may be collected by Cleco Power, its successors, assignees or other collection agents as provided for in the Financing Order.
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Storm Recovery Charges means the dollar amounts billed to Customers in respect of a Storm Recovery Charge. Bills means each of the regular monthly bills, summary bills and other bills issued to Customers by FPL on its own behalf and in its capacity as Servicer. Bond or Bonds means the FPL Recovery Funding LLC Senior Secured Bonds, Series A, issued pursuant to the Indenture. Bond Purchase Agreement means, collectively, the Notice of Sale, dated April 23, 2007, as amended by a Pricing Notice, dated May 11, 2007, as accepted by a Bid, dated May 15, 2007, executed and delivered by Wachovia Capital Markets, LLC and accepted by the Issuer and FPL, including, in each case, attachments and exhibits. Bond Register has the meaning specified in Section 2.05(a) of the Indenture. Bond Revenue Requirement for any upcoming Remittance Period shall equal (i) the sum of (a) 100% of actual amounts expected to be due and past due relating to Principal and Interest on the Storm-Recovery Bonds and Operating Expenses; and (b) any amounts needed to replenish the Capital Subaccount (net of future amounts expected to be deposited to the Capital Subaccount prior to the upcoming Remittance Period); minus
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Storm Recovery Charges means the nonbypassable amounts to be charged for the use or availability of electric services, approved by the LPSC in the Financing Order U-35807-B issued on April 1, 2022 (Docket No. U-35807) by the LPSC or in future financing orders issued by the LPSC under the Louisiana Electric Utility Storm Recovery Securitization Act.
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Related to Storm Recovery Charges

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

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

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • 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.

  • Penalty Charges means any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest, but excluding any yield maintenance charge or prepayment premium.