BGS definition

BGS shall refer to the State of Maine Bureau of General Services.

BGS means the Bureau of General Services of the Department of Administrative and Financial Services.

BGS means electric generation service that is provided to any customer that has not chosen an electric power supplier, as defined herein, whether or not the customer has received offers for competitive supply options; including, but not limited to, any customer that cannot obtain such service from an electric power supplier for any reason, including non-payment for services. Basic generation service is not a competitive service and shall be fully regulated by the BPU.

Examples of BGS in a sentence

• Each BGS-RSCP Supplier that is a party to such other agreements with the Company for the provision of BGS Supply hereby agrees that such other agreements are deemed amended by this Agreement for the purpose of calculating the Margin as described herein.

• RSCP‌ Each BGS-RSCP Supplier agrees that termination of this Agreement for reason of an Event of Default shall terminate any right of such BGS-RSCP Supplier to provide BGS- RSCP Supply to the BGS-RSCP Customers and nullify any of the entitlements to which such BGS-RSCP Supplier became entitled as a result of being selected as a winning bidder in the auction for BGS-RSCP Supply.

• Margin – the amount by which the Total Exposure Amount exceeds a BGS-RSCP Supplier’s, or Guarantor’s, credit limit as defined in Section 6.6. Mark-to-Market Exposure Amount – an amount calculated daily for each BGS-RSCP Supplier reflecting the total MtM credit exposure to the Company due to fluctuations in market prices for Energy minus amounts due pursuant to this Agreement to such BGS- RSCP Supplier for the delivery of BGS-RSCP Supply.

• The Company is also contracting on its own behalf and not as agent for Customers insofar as this Agreement requires the Company: (i) to pay the BGS-RSCP Suppliers as required under this Agreement; and (ii) to provide data or to otherwise cooperate with a BGS-RSCP Supplier in connection with such BGS-RSCP Supplier’s provision of BGS- RSCP Supply.

• The BGS-RSCP Peak Load Share of a BGS- RSCP Supplier is based on the BGS-RSCP Supplier Responsibility Share.

More Definitions of BGS

BGS shall refer to the State of Maine Bureau of General Services. d. The term “Division” shall refer to the State of Maine Division of Purchases.

BGS means basic generation service transition costs, which is defined under the Securitization Act to mean (i) the amount by which (A) the payment by an electric public utility for the procurement of power for basic generation service and related ancillary and administrative costs exceeds (B) the net revenues from the basic generation service charge established by the Board of Public Utilities (the “Board”) for the period from and including August 1, 1999 through and including July 31, 2003 and (ii) interest on such amount at the Board-approved rate that is reflected in a deferred balance account approved by the Board; provided that BGS shall include, but not be limited to, costs of purchases from the spot market, bilateral contracts, contracts with non-utility generators, parting contracts with the purchaser of the electric public utility’s divested generation assets, short-term advance purchases, and financial instruments such as hedging contracts, forward contracts and options.

BGS. Beijing Aviation Ground Services Co., Ltd.* (北京空港航空地面服 務有限公司), a sino-foreign joint venture company established in the PRC and a non-wholly-owned subsidiary of the Parent Company “BGS Premises Leasing Agreement” the premises leasing agreement dated 29 December 2022 entered into between the Company and BGS, the details of which are set out in this announcement “Board” the board of Directors

BGS shall have the meaning set forth in the first paragraph of this Agreement.

BGS means Buckeye Gas Storage LLC, a Delaware limited liability company and a Restricted Subsidiary of the Borrower.

BGS means the total Net Sales in that financial year derived from sales of wafers (including Net Sales derived from sales of wafers to Agere that are subsequently sold by Agere to CSM or any other person), or the provision of services, by the Company to, or at the direction of, Agere;

BGS means the retail electric generation service provided by PSE&G to its customers in New Jersey in accordance with the New Jersey Electric Discount and Energy Competition Act of 1999, the BPU Order and PSE&Gs BGS tariffs on file with the BPU;