Fuel adjustment clause definition

Fuel adjustment clause means any mechanism which allows a public utility or electric generating cooperative to automatically adjust its charges above or below the base amount included in its rates, based upon changes in costs of fuel for generation of electricity, purchased power, or purchased gas, and shall include purchased gas adjustment clauses.
Sample 1Sample 2Sample 3
Fuel adjustment clause means a provision of a rate schedule which provides for increases or decreases or both, without prior hearing, in rates reflecting increases or decreases or both in costs incurred by an electric or gas utility for fuel and purchased energy due to changes in the unit cost of fuel and purchased energy.
Sample 1Sample 2Sample 3
Fuel adjustment clause means the applicable cost recovery rate provision, as approved by PREB from time to time pursuant to Applicable Law, which is made up of the estimated charges related to the purchase, transportation, testing and delivery of fuel for the Legacy Generation Assets for the next quarterly period, along with any prior period cost reconciliations.
Sample 1

Examples of Fuel adjustment clause in a sentence

  • Fuel adjustment clause (FAC) means a mechanism established in a general rate pro- ceeding that allows periodic rate adjustments, outside a general rate proceeding, to reflect increases and decreases in an electric utility’s prudently incurred fuel and purchased power costs.

  • It is GPE’s capital structure and cost of debt that rating agencies and, thus, investors use to determine whether to invest in KCPL.C. Fuel adjustment clause 1.

  • The Parties agree that upon NorthWestern joining SPP, all revenues from the sale of energy and all expenses from purchases of energy through SPP will be included in the Delivered Cost of Fuel adjustment clause along with all other items currently included.

  • Fuel adjustment clause recovery rates are implemented based on the voltage levels at which customers are connected to the grid.

  • At the same time, NorthWestern will adjust the Delivered Cost of Fuel adjustment clause to reflect actual tax rates currently in effect.

  • A notice found to be deficient under this rule shall not constitute adequate notice under Iowa Code section 476.6.(5) Fuel adjustment clause.

  • Although NorthWestern does not currently engage in non-asset based margin activities, if NorthWestern engages in such activities in the future, any positive non-asset based margins will be shared with customers (70% to shareholders; 30% to customers) through the Delivered Cost of Fuel adjustment clause.

  • Including the full amount of Xxxxxxxxx now will mitigate the need for a future rate case and associated costs to litigate as well as bring substantial energy cost benefits to customers, including associated production tax credits (“PTCs”) through the Delivered Cost of Fuel adjustment clause.

  • Fuel adjustment clause recoveries increased $13.5 million due to higher fuel and purchased power costs attributable to our retail and municipal customers.

  • The Parties agree that South Dakota customers will be credited 100% of asset based margins in the Delivered Cost of Fuel adjustment clause.


More Definitions of Fuel adjustment clause

Fuel adjustment clause means any mechanism which allows a
Sample 1
Fuel adjustment clause means a provision of a rate
Sample 1
Fuel adjustment clause means any mechanism which allows a public utility or electric generating cooperative or an electric
Sample 1

Related to Fuel adjustment clause

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Initial Reference Pricei means as specified in the above table at item 15 (A) (i);

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period.

  • Initial Reference Price means the official closing price of the Underlying Share on Strike Date.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Final Reference Pricei means the official closing price of the Underlyingi on the Determination Date;

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Purchase Price Allocation Schedule has the meaning set forth in Section 5.11(f)(ii).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Adjustment Escrow Amount means $1,000,000.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Final Reference Price means an amount (which shall be deemed to be a monetary value in the Underlying Currency) equal to the level of the Index at the Valuation Time on the Valuation Date or the Issuer Call Date, as the case may be, as determined by or on behalf of the Calculation Agent without regard to any subsequently published correction or (if, in the determination of the Calculation Agent, no such level can be determined and no Market Disruption Event has occurred and is continuing) an amount determined by the Calculation Agent as its good faith estimate of the level of the Index on such date having regard to the then prevailing market conditions, the last reported trading price of the Shares and such other factors as the Calculation Agent determines relevant;

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.