Annual Adjustment definition
Examples of Annual Adjustment in a sentence
Also, MEMBER will pay or receive refunds equal to the Quarterly Adjustment and the Annual Adjustment mutually agreed upon by TCAP and the Energy Manager to address certain variable costs and charges, including costs imposed by ERCOT, such payment or receipt of funds subject to the reserve account as further described herein.
The Quarterly Adjustment and Annual Adjustment may be either a charge or a credit, and shall be collected from or remitted to Customer, as appropriate, in the manner specified in the PSA.
The Fuel portion of the Annual Adjustment will be determined using the increase in the Department of Energy’s Weekly Retail On-Highway Diesel Prices per gallon for the Gulf Coast region as reported by the Energy Information Administration of the U.S. Department of Energy (▇▇▇.▇▇▇.▇▇▇.▇▇▇).
Charges that are fixed by TCAP and Energy Manager for a given Calendar Year shall not be included in the calculation of either the Quarterly Adjustment or the Annual Adjustment for such Calendar Year, in accordance with the PSA.
The Disposal portion of the Annual Adjustment will be determined using the increase in the WASTE CONTRACTOR gate rate price for the Garland Landfill.