Adjustment mechanism definition

Adjustment mechanism means a formula-based mechanism for making adjustments to consumer rate relief charges to correct for over-collection or under-collection of such charges or otherwise to ensure the timely and complete payment and recovery of such charges and financing costs. The adjustment mechanism shall accommodate: (i) Standard adjustments to consumer rate relief charges that are limited to relatively stable conditions of operations; and (ii) nonstandard adjustments to consumer rate relief charges that are necessary to reflect significant changes from historical conditions of operations, such as the loss of significant electrical load. The adjustment mechanism is not to be used as a means to authorize the issuance of consumer rate relief bonds in a principal amount greater, or the payment or recovery of eligible costs to be securitized in an amount greater, than that which was authorized in the financing order which established the adjustment mechanism.

Adjustment mechanism means the mechanism established in Annex 3, which, based on the measurement of the Contractor’s operating result in each Period, modifies the parameters that determine the State Consideration and the Contractor Consideration, in order for the State’s participation in the results of the Contract Area to be progressive.

Adjustment mechanism means a formula-based mechanism for

Examples of Adjustment mechanism in a sentence

• CL&P's DSM costs are recovered in base rates through a Conservation Adjustment Mechanism (CAM).

• Power Cost and Credit Adjustment Mechanism • In May 2017, the MPSC initiated a docket to implement House Bill 193 (HB193), which removed statutory language mandating NorthWestern’s tracking of electricity supply costs and replaced it with language that gives the MPSC discretionary authority over NorthWestern’s tracker.

• Its largest customers are poultry and textile producers.Rate CaseThe Peach State Gas System’s rates are reviewed and updated annually through a tariff provision called the Georgia Rate Adjustment Mechanism (“GRAM”).

• The UARB approved the implementation of a Fuel Adjustment Mechanism (“FAM”) in the 2009 General Rate Decision effective January 1, 2009.

• NSPI UARB Decision on 2012 Fuel Adjustment Mechanism On December 19, 2011, the UARB approved NSPI’s customer rates associated with the 2012 FAM adjustment related to the recovery of prior period fuel costs.

More Definitions of Adjustment mechanism

Adjustment mechanism means the mechanism established in Annex 3, which, modifies the parameters that determine the State Consideration.

Adjustment mechanism means a formula-based mechanism for making adjustments

Adjustment mechanism means a formula-based rate adjustment, or true-up process approved by the commission for making, at least annually, expeditious periodic adjustments to securitized utility tariff charges, subject to timely commission review to confirm compliance, that customers are required to pay, as authorized in a financing order. The "adjustment mechanism" is utilized to make necessary corrections to adjust for over-collection or under-collection of such securitized utility tariff charges or otherwise to ensure the timely and complete payment of the securitized utility tariff bonds and all other financing costs and other required amounts and charges payable in connection with the securitized utility tariff bonds.

Adjustment mechanism means a formula-based rate adjustment,

Adjustment mechanism. MEANS A FORMULA-BASED MECHANISM FOR MAKING AUTOMATIC ADJUSTMENTS TO CO-EI CHARGES AUTHORIZED IN A FINANCING ORDER AND FOR MAKING ANY ADJUSTMENTS THAT ARE NECESSARY TO CORRECT FOR OVERCOLLECTION OR UNDERCOLLECTION OF SUCH CHARGES OR OTHERWISE ENSURE THE TIMELY AND COMPLETE PAYMENT OF THE CO-EI BONDS AND ALL FINANCING COSTS.

Adjustment mechanism means a Commission-approved provision in an affected utility’s rate schedule allowing the affected utility to increase and decrease a certain rate or rates, in an established manner, when increases and decreases in specific costs are incurred by the affected utility.

Adjustment mechanism. [“Mecanismo de Ajuste”] means “the formulaic adjustment mechanism contained in a Restructuring Resolution, as approved in a Restructuring Order pursuant to the terms of Article 35 and Chapter IV of this Act and 6.25A of Act 57-2014, as amended, to be applied by the Corporation periodically, but not less often than semi-annually, to adjust the Transition Charges to ensure the collection of Transition Charge Revenues sufficient to provide for the timely payment of Ongoing Financing Costs.” PRA, Art. 31, para. 23.