Common use of ELECTRIC SALES RATIO Clause in Contracts

ELECTRIC SALES RATIO. Based on firm kilowatt-hour electric sales, excluding inter-system sales, for the immediate preceding twelve consecutive calendar months, the numerator of which is for an operating company or and affiliate and the denominator of which is for all operating companies and affected affiliate companies. This ratio will be determined annually, or at such time as may be required due to a significant change.

ELECTRIC SALES RATIO. Based on firm kilowatt-hour electric sales, excluding inter-system sales, ----------------------------------------------------------- sales for the immediate immediately preceding twelve consecutive ------------------------- calendar months, the numerator of which is for an operating company or and an affiliate and the denominator of which is for all operating companies and affected affiliate companies. This ratio will be determined annually, or at such time as may be required due to a significant change.

ELECTRIC SALES RATIO. Based on firm kilowatt-hour electric sales, excluding inter-system sales, sales for -------------------- the immediate immediately preceding twelve consecutive calendar months, the numerator of which is for an operating company or and an affiliate and the denominator of which is for all operating companies and affected affiliate companies. This ratio will be determined annually, or at such time as may be required due to a significant change.

ELECTRIC SALES RATIO. Based on firm kilowatt-hour electric -------------------- sales, excluding inter-system sales, for the immediate preceding twelve consecutive calendar months, the numerator of which is for an operating company or and affiliate and the denominator of which is for all operating companies and affected affiliate companies. This ratio will be determined annually, or at such time as may be required due to a significant change.