Budget Billing Plan definition
Budget Billing Plan means a payment plan made available by Cleco Power to Customers, who have had service for an established period of time and meet established rating standards, that uses averaged demand in calculating periodic obligations of the Customer.
Budget Billing Plan means a levelized payment plan offered by Servicer pursuant to which the related Customer’s invoice amount for each billing cycle is a constant amount (or approximately constant) irrespective of usage for the related billing cycle.
Budget Billing Plan means the “Budget Billing” or similar levelized billing plan pursuant to which the related Obligor’s invoice amount for each billing cycle is a constant amount (or approximately constant) irrespective of usage for the related billing cycle.
Examples of Budget Billing Plan in a sentence
Partial payment of a Budget Billing Plan payment shall be allocated according to clause (iii) above, and overpayment of a Budget Billing Plan payment shall be allocated according to clause (iv) above.
The Company has available to its customers a "Budget Billing Plan" which minimizes billing amount fluctuations.
For Customers on a Budget Billing Plan, the Servicer shall treat SRC Collections received from such Customers as if such Customers had been billed for their respective Storm Recovery Charges in the absence of the Budget Billing Plan; partial payment of a Budget Billing Plan payment shall be allocated according to clause (ii) or (iii) (as applicable) and overpayment of a Budget Billing Plan payment shall be allocated according to clause (iv).
For Customers on a Budget Billing Plan, the Servicer shall treat ETC Collections received from such Customers as if such Customers had been billed for their respective Energy Transition Charges in the absence of the Budget Billing Plan; partial payment of a Budget Billing Plan payment shall be allocated according to clause (ii) or (iii) (as applicable) and overpayment of a Budget Billing Plan payment shall be allocated according to clause (iv).
Eligible customers may choose between the Annual Budget Billing Plan and the Quarterly Budget Billing Plan if they have 12 months or more of billing history at their current premise; if there is less than 12 months of billing history, then only the Quarterly Budget Billing Plan is available.
More Definitions of Budget Billing Plan
Budget Billing Plan means a level payment plan offered by the Transferor, which, if elected by a residential Customer, provides for levelized monthly Bill charges to such residential Customer by estimating the amount that the residential Customer would pay (based on the residential Customer’s actual usage during the previous twelve months), then charging the residential Customer 1/12th of that amount. Each month, a new payment amount is calculated based upon the most recent twelve months of usage data. After the twelfth month, the payments made by such residential Customer during the preceding twelve months are reconciled with the amount owed by such residential Customer for actual usage during the budget billing period, and the difference is amortized over the next twelve month period.
Budget Billing Plan means a levelized payment plan offered by Mon Power, which, if elected by a Customer, provides for level monthly ▇▇▇▇ charges to such Customer. For residential Customers, this charge is calculated by calculating actual electricity charges for the previous year and dividing this amount by twelve. The number which results from this calculation is charged to the residential Customer each month. In the twelfth month, Mon Power bills the residential Customer for actual use in that month, adjusted for any excess or deficit the Customer has paid Mon Power over the prior eleven months. If the Customer owes Mon Power $4 or more over the normal budget amount, that Customer has the option of repaying the full amount in the twelfth month, or spreading the amount of this deficit in equal installments over the first four months of the Customer's next budget year. The procedure is similar for small industrial and commercial Customers.
Budget Billing Plan means a levelized payment plan offered by Potomac Edison, which, if elected by a Customer, provides for level monthly B▇▇▇ charges to such Customer. For residential Customers, this charge is calculated by calculating actual electricity charges for the previous year and dividing this amount by twelve. The number which results from this calculation is charged to the residential Customer each month. In the twelfth month, Potomac Edison bills the residential Customer for actual use in that month, adjusted for any excess or deficit the Customer has paid Potomac Edison over the prior eleven months. If the Customer owes Potomac Edison $4 or more over the normal budget amount, that Customer has the option of repaying the full amount in the twelfth month, or spreading the amount of this deficit in equal installments over the first four months of the Customer's next budget year. The procedure is similar for small industrial and commercial Customers.
Budget Billing Plan means any payment plan made available by SWEPCO to Customers, who have had service for an established period of time and meet established rating standards, that uses averaged demand in calculating periodic obligations of the Customer, including SWEPCO’s “Average Monthly Payment (AMP) Plan”.
Budget Billing Plan means the alternative payment plan offered by the Servicer that allows residential and commercial customers who have satisfactory credit the opportunity for a monthly budget payment which allows the customer to pay roughly equal amounts each month based on its expected average consumption for the year.
Budget Billing Plan means a levelized payment plan offered by the Servicer which, if elected by a Customer, provides for level monthly charges to such Customer on its Bills which are calculated by estimating, on an annual basis, the amount that the Customer would pay during the next twelve months (based on the Customer's actual usage during the prior twelve months) and then charging the Customer 1/12th of that amount for each of the next twelve months, with an annual reconciliation pursuant to which the payments made by such Customer during the preceding twelve months are reconciled with the amount owed by such Customer for actual usage during the same period, and the Customer is given a credit or billed for the difference, as appropriate, based on such reconciliation; PROVIDED, that, commencing in the first quarter of 1999, the Budget Billing Plan will be modified to provide for level monthly charges to be calculated by estimating, on a semi-annual or quarterly basis, the amount that the Customer would pay during the next twelve months (based on the Customer's actual usage during the prior twelve months) and then charging the Customer 1/12th of that amount for each month until the next such estimation, with an annual reconciliation pursuant to which the payments made by such Customer during the preceding twelve months are reconciled with the amount owed by such Customer for actual usage during the same period, and the Customer is given a credit or billed for the difference, as appropriate, based on such reconciliation, subject to an option, on such terms as the Servicer may offer to Customers, to pay such ▇▇▇▇ or receive such credit through an increase or reduction to the level monthly payments for the next twelve months.
Budget Billing Plan means an agreement between a customer and a dealer intended to levelize or average the monthly billing for propane and propane services;