Examples of Supply Rate in a sentence
The Gas Supply Rate will be calculated and adjusted periodically as defined in the Company’s Gas Supply Rate Rider.
Gas Supply Rate - The Gas Supply Rate will be calculated and adjusted periodically as defined in the Company’s Gas Supply Rate Rider.
The Tier 2 Supply Rate encourages the member agencies and their customers to maintain existing local supplies and develop cost-effective local supply resources and conservation.
The Tier 2 Supply Rate is charged to member agencies that have demands from Metropolitan that exceed their Tier 1 Maximum.
Purchase Orders are voluntary agreements that determine the amount of water that a member agency can purchase at the Tier 1 Supply Rate.
If the total falls below the Tier 1 Maximum, then the volume of water that had been billed at the Tier 2 Supply Rate will be adjusted for the difference between the Tier 2 and Tier 1 Supply Rates.
Under the Purchase Orders, member agencies have the option to purchase a greater amount of water at the lower Tier 1 Supply Rate in exchange for a commitment to purchase a minimum amount of water (based on past purchase levels) over the term of the Purchase Order.
Therefore, from a member agency cash flow perspective, the Tier 2 Supply Rate, when applicable, will most likely be incurred at the beginning of a member agency's fiscal year.
At the end of the Purchase Order Term, if the member agency has not purchased enough firm supply to meet its Purchase Order Commitment, it will be billed for the remaining balance of the Purchase Order Commitment at theaverage of the Tier 1 Supply Rate in effect during the Term.
TSO customers will be required to provide LUFG-in- Kind at the percentage specified in the Company’s Gas Supply Rate Rider.