Stranded Cost Recovery Charge Sample Clauses

Stranded Cost Recovery Charge. The Stranded Cost Recovery Charge (SCRC) is designed to be a nonbypassable charge as provided in RSA 374:F that is designed to recover the portion of PSNH's stranded costs that are allowed by this Agreement. The SCRC will consist of a three-part charge. Part 1 relates to the portion of stranded costs that are securitized. Parts 2 and 3 of the SCRC relate to non-securitized stranded costs. Table 1 sets forth the parties' current estimate of total stranded costs as of January 1, 2000. Table 2 contains an amortization schedule for those costs. The estimated amount of PSNH's stranded costs will be re-determined as of Competition Day, with actual stranded costs to be determined based upon the value on PSNH's books as of Competition Day, and subsequent adjustments set forth below. Part 1 of the SCRC will recover over a 12 year period the cost of the Rate Reduction Bonds referred to in Section 4, including amortization of the Bonds plus carrying charges, net of related deferred income taxes. The annual costs recoverable under Part 1 of the SCRC have first priority on annual recoveries under the SCRC, over and above Part 2 and Part 3 costs. Part 2 of the SCRC has second priority on annual SCRC collections, over and above Part 3 costs. The costs recoverable under Part 2 include nuclear decommissioning costs, and the net of IPP costs and revenues. Part 2 of the SCRC will continue until the respective obligations terminate. Part 3 of the SCRC has the lowest priority on annual recoveries under the SCRC. Annual costs recoverable under Part 3 shall be paid from SCRC collections that remain after the amounts required to amortize all annual Part 1 and Part 2 costs. The costs recoverable under Part 3 include: Remaining amount of the Acquisition Premium that is not securitized FAS 109 costs related to the non-securitized portion of the Acquisition Premium Unrecovered obligations of YAEC, CY & MY Deferred IPP costs Deferred FPPAC costs Hydro Quebec contract buy-out payments Vermont Yankee contract buy-out payments Unamortized loss on reacquired debt Excess transition costs, if any, from Section 11 hereof The net of revenues and costs of any generating facility, non-IPP entitlement or obligation retained by PSNH beyond Competition Day, until such time as the facility, entitlement or obligation is divested, except as otherwise provided in Section 9m. As provided in this MOU, the stranded costs contained in Part 3 of the SCRC will be adjusted for the following items, including,...
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Stranded Cost Recovery Charge. The Stranded Cost Recovery Charge (“SCRC”) will be a non-bypassable charge as provided in RSA 374-F:3 and RSA 369-B:4, IV to recover PSNH’s Stranded Costs as approved by the Commission. For the purpose of establishing the SCRC, Stranded Costs will be divided into two parts, as described below. Part 1 will be the RRB Charge, and is the source of payment for RRBs. Therefore, the right to receive all collections in respect of the Part 1 charge will be sold to the SPSE (see Section IX). Part 1 will be billed until the RRBs are paid in full. Part 2 will recover all other Non- Securitized Stranded Costs and will continue for as long as there are Non-Securitized Stranded Costs to be recovered by PSNH. The net of prudently incurred ongoing expenses and revenue requirements (including, inter alia, decommissioning, retirement, and environmental costs or liabilities) for any generating unit, entitlement or obligation that has not been sold as part of the asset divestiture process and all over-market or under-market costs related to IPPs and the PPAs, employee protection-related costs, and property tax stabilization payments will be treated as stranded costs to be fully recovered through the SCRC. The SCRC will recover the amortization of the securitized assets and ongoing non-securitized costs. Reconciliation of Part 1 of the SCRC shall be calculated in accordance with the True-Up Mechanism described in Section IX as approved by the Commission. Part 2 of the SCRC will be reconciled annually with a return at the Stipulated Rate of Return on any overrecoveries or underrecoveries of costs. This agreement shall not alter any currently existing opportunities for retail customers to generate or acquire electricity for their own use, other than through retail electric service, without an exit fee. In the event of the municipalization of a portion of PSNH’s Service Territory during the pendency of the SCRC, the Commission shall, in matters over which the Federal Energy Regulatory Commission does not have jurisdiction, or has jurisdiction but chooses to grant jurisdiction to the state, determine, to a just and reasonable extent, the consequential damages such as stranded investment in generation, storage, or supply arrangements resulting from the purchase of plant and property from PSNH and RRB Costs, and shall establish an appropriate recovery mechanism for such damages. Any such damages shall be established, and shall be allocated between the RRB Charge and other rates and ...
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Stranded Cost Recovery Charge. 509 The Stranded Cost Recovery Charge (“SCRC”) will be a non-bypassable charge as 510 provided in RSA 374-F:3 and RSA 369-B:4, IV to recover the portion of PSNH’s Stranded 511 Costs as well as other specified costs and expenses that are allowed by this Agreement. 512 Stranded costs to be recovered through the SCRC will consist of securitized assets and Non- 513 Securitized Stranded Costs, and the net of ongoing expenses and/or revenue requirements 514 (including decommissioning costs) for any generating unit, entitlement or obligation that has 515 not been sold or otherwise divested as of Competition Day. The SCRC will recover the 516 amortization of the assets and the ongoing expenses, and will be reconciled with a return 517 applied at the Stipulated Rate of Return to any overrecoveries or underrecoveries of costs, 518 subject to the provisions of Section V(C), (“Risk Sharing”), except with respect to the RRB 519 Charge, for which reconciliations shall be calculated in accordance with the True-Up 520 Mechanism described in Section XIII. Appendix C shows the estimated balance of the assets 521 as of July 1, 2000, and Appendix D provides an illustrative amortization schedule for the 522 assets. Appendices C and D will be updated as required to reflect additional amortization of 523 and/or prudent capital additions to the listed assets as of Competition Day. 524 525 For the purpose of establishing the SCRC, Stranded Costs will be divided into three 526 parts, as described below. Part 1 will be the RRB Charge, and is the source of payment for 527 Rate Reduction Bonds. Therefore, the right to receive all collections in respect of the Part 1 528 charge will be sold to the Special Purpose Securitization Entity (see Section XIII). Part 1 is 529 expected to be billed until the expected maturity date, which is 12 years from the date of 530 issuance of RRBs, but, in certain circumstances described herein, may be billed until the legal 531 maturity date of the RRBs as described more fully below. Part 2 will continue for as long as 532 there are Stranded Cost expense components in that part for which PSNH is responsible for 533 payment. Part 3 contains other miscellaneous Stranded Costs, and recovery of Part 3 Stranded 534 Costs by PSNH is time bounded and full recovery of such costs is not guaranteed to PSNH. 535 536 The SCRC shall be a non-bypassable charge pursuant to RSA 374-F:3 and RSA 537 Chapter 369-B. All currently existing opportunities shall be continued fo...
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Stranded Cost Recovery Charge. The Stranded Cost Recovery Charge (SCRC) is the portion of the unbundled retail delivery service xxxx that is a non-bypassable charge as provided by RSA 369-B:4,IV and RSA 374-F:3, XII to recover the portion of the Company’s Part 1 and Part 2 Stranded Costs that are allowed by the Settlement Agreement. The SCRC include the RRB Charge defined in RSA Chapter 369-B, over-market or under-market IPP and Power Purchase Agreement costs, Non-Securitized Stranded Costs, and other costs and expenses allowed or as authorized by the Commission. Part 1 of the SCRC is the RRB Charge, and is the source of payment for Rate Reduction Bonds issued pursuant to RSA Chapter 369-B. One or more special purpose financing entities shall own the right to receive all collections in respect to the Part 1 charge. The Company will collect the RRB Charge in Part 1 of the SCRC on behalf of such special purpose financing entities. The special purpose financing entities’ ownership of the RRB Charge recovered via Part I of the SCRC will be reflected by an appropriate notation on customers’ bills. Part 1 of the SCRC will be billed until the rate reduction bonds issued by the special purpose financing entities and all on- going RRB Costs are paid in full. Part 1 of the SCRC shall be adjusted as necessary via the True-Up mechanism approved by the Commission in its Order No. 26,099 in Docket No. DE 17-096, and such changes in Part 1 shall become effective as set forth in that Order.
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Stranded Cost Recovery Charge. The Stranded Cost Recovery Charge (SCRC) is the portion of the unbundled retail delivery service bill that is a non-bypassable charge as provided by RSA 369-B:4,IV and RSA 374-F:3, XII to recover the portion of the Company’s Part 1 and Part 2 Stranded Costs that are allowed by the Settlement Agreement. The SCRC include the RRB Charge defined in RSA Chapter 369-B, over-market or under-market IPP and Power Purchase Agreement costs, Non-Securitized Stranded Costs, and other costs and expenses allowed or as authorized by the Commission.
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Related to Stranded Cost Recovery Charge

  • Cost Recovery The Parties acknowledge that the price for energy as described in Exhibit A includes the Consultant Commission described in Exhibit A to cover the cost of developing, implementing and operating the Aggregation. The Competitive Supplier agrees to include this cost adder in the Price for energy, and to make the monthly commission payments on behalf of Participating Consumers, in the manner described in Exhibit A, and acknowledges this obligation as a material obligation of this Agreement.

  • Cost Recovery Fee You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying the cost recovery fee (“Cost Recovery Fee”) set forth in the Contract Summary, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

  • Cost Recovery for RSTEP Requests by Registry Operator for the approval of Additional Services pursuant to Section 2.1 may be referred by ICANN to the Registry Services Technical Evaluation Panel (“RSTEP”) pursuant to that process at xxxx://xxx.xxxxx.xxx/en/registries/rsep/. In the event that such requests are referred to RSTEP, Registry Operator shall remit to ICANN the invoiced cost of the RSTEP review within fourteen (14) calendar days of receipt of a copy of the RSTEP invoice from ICANN, unless ICANN determines, in its sole and absolute discretion, to pay all or any portion of the invoiced cost of such RSTEP review.

  • Cost of Collection If default is made in the payment of this Note, Borrower shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys' fees.

  • COLLECTION OF CHARGES 16.1 A Sector Association may request the consent of the Administrator to collect charges due from Operators to the Administrator in respect of facilities under the charging scheme.

  • Limit on Recovery Notwithstanding any other provision hereof, the right of recovery against each Guarantor under this Section 12 shall not exceed $1.00 less than the lowest amount which would render such Guarantor’s obligations under this Section 12 void or voidable under applicable law, including, without limitation, fraudulent conveyance law.

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

  • Increased cost claims (a) A Finance Party intending to make a claim pursuant to Clause 13.1 (Increased costs) shall notify the Agent of the event giving rise to the claim, following which the Agent shall promptly notify the Borrower.

  • Shortfalls (i) If the amounts described in Section 2.3 are insufficient to pay the Class A Monthly Interest on any Distribution Date, payments of interest to the Class A Noteholders will be reduced on a pro rata basis by the amount of such deficiency. The aggregate amount, if any, of such deficiency on any Distribution Date, together with the aggregate unpaid amount of any such deficiencies with respect to all prior Distribution Dates, shall be referred to as the “

  • Collection of Taxes, Assessments and Similar Items; Servicing Accounts; Reserve Accounts (a) Each Master Servicer shall establish and maintain one or more segregated accounts (“Servicing Accounts”), in which all Escrow Payments received by it with respect to any Serviced Mortgage Loans or Serviced Pari Passu Companion Loan, shall be deposited and retained, separate and apart from its own funds. Subject to any terms of the related Mortgage Loan Documents that specify the nature of the account in which Escrow Payments shall be held, each Servicing Account shall be an Eligible Account. As and to the extent consistent with the Servicing Standard, applicable law and the related Mortgage Loan Documents, the applicable Master Servicer may make withdrawals from the Servicing Accounts maintained by it, and may apply Escrow Payments held therein with respect to any Serviced Mortgage Loan or Serviced Pari Passu Companion Loan (together with interest earned thereon), only as follows: (i) to effect the payment of real estate taxes, assessments, insurance premiums (including, premiums on any Environmental Insurance Policy), ground rents (if applicable) and comparable items in respect of the related Mortgaged Property; (ii) to reimburse the applicable Master Servicer, the applicable Special Servicer or the Trustee, as applicable, for any unreimbursed Servicing Advances made thereby with respect to such Mortgage Loan or Serviced Pari Passu Companion Loan to cover any of the items described in the immediately preceding clause (i); (iii) to refund to the related Borrower any sums as may be determined to be overages; (iv) to pay interest or other income, if required and as described below, to the related Borrower on balances in the Servicing Account (or, if and to the extent not payable to the related Borrower to pay such interest or other income (up to the amount of any Net Investment Earnings in respect of such Servicing Account for each Collection Period) to the applicable Master Servicer); (v) disburse Insurance Proceeds if required to be applied to the repair or restoration of the related Mortgaged Property, (vi) after an event of default, to pay the principal of, accrued interest on and any other amounts payable with respect to such Mortgage Loan or Serviced Pari Passu Companion Loan; (vii) to withdraw amounts deposited in the Servicing Account in error; or (viii) to clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01. The applicable Master Servicer shall pay or cause to be paid to the related Borrowers interest and other income, if any, earned on the investment of funds in Servicing Accounts maintained thereby, if and to the extent required by law or the terms of the related Mortgage Loan Documents. If a Master Servicer shall deposit in a Servicing Account maintained by it any amount not required to be deposited therein, it may at any time withdraw such amount from such Servicing Account, any provision herein to the contrary notwithstanding. Promptly after any Escrow Payments are received by the applicable Special Servicer from the Borrower under any Serviced Mortgage Loan or Serviced Pari Passu Companion Loan, and in any event within one Business Day after any such receipt, such Special Servicer shall remit such Escrow Payments to the applicable Master Servicer for deposit in the applicable Servicing Account(s).

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