Cleco Power definition
Examples of Cleco Power in a sentence
Such adjusted storm recovery charge rates shall be filed with the LPSC not less than fifteen (15) days prior to the first billing cycle of the Cleco Power revenue month in which the revised Storm Recovery Charges will be in effect.
Pursuant to that certain Joint Agreement of Merger of Utility Group with and into Cleco Power LLC effective December 31, 2000, Utility Group merged with and into the Company, and the Company was vested with all rights, privileges and franchises of Utility Group and became responsible for all liabilities and obligations of Utility Group.
Cleco Power will not be required to credit Customers or the Issuer with any earnings accruing to Cleco Power on transferred and untransferred daily collections of Storm Recovery Charges.
The Servicer shall hold all over-payments for the benefit of the Issuer and Cleco Power and shall apply such funds to future Bill charges in accordance with clauses (ii) and (iii) (as applicable) as such charges become due.
The initial sole member of the Company shall be Cleco Power LLC, a Louisiana limited liability company, or any successor as sole member pursuant to Sections 1.02(c), 6.06 and 6.07.
Such adjusted energy transition charge rates shall be filed with the LPSC not less than fifteen (15) days prior to the first billing cycle of the Cleco Power revenue month in which the revised Energy Transition Charges will be in effect.
In the event the Land Trust fails to timely perform any one or more of its obligations under this Conservation Easement, the Owner’s Association shall provide written notice to the Land Trust of the default, with a copy of the notice being provided to the Town.
In any proceedings related to the exercise of the power of eminent domain by any municipality to acquire a portion of Cleco Power’s electric distribution facilities, including upon the expiration of any franchise agreement, the Servicer shall assert that that the court ordering such condemnation must treat such municipality as a successor to Cleco Power under the Securitization Act and the Financing Order and that Customers in such municipalities remain responsible for payment of Storm Recovery Charges.
The Issuer hereby initially appoints the Indenture Trustee to serve as its agent for the foregoing purposes, and the office of the Indenture Trustee at the BNY Mellon Trust Company, N.A., Corporate Trust, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, 10th Floor, Dallas Texas 75201, Attn: Transfer Exchange – Cleco Power Office shall serve as the offices provided above in this Section 3.02.
The initial Energy Transition Charges shall be billed commencing on the first day of the first Billing Period of the first Cleco Power revenue month following the date of issuance of the Energy Transition Bonds.