Incremental Load definition

Incremental Load means New Load consumed by a customer which exceeds the CBL established for such customer’s specific location.

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Incremental Load means, as applicable, the new load at Customer’s Premises of at least 1,000 kW; the addition of load at Customer’s Premises of at least 1,000 kW; or the addition of Fleet EV Load at Customer’s premises of at least 250 kW.

Incremental Load is defined as the amount by which the Peak Load estimate for a Planning Year exceeds the prior Planning Year’s Peak Load estimate. llows: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Executive Directore E vidAhe 4. For any Incremental Load that is entitled to the Economic Development Rate Credit, Customer’s Peak Load following the expiration of the credit for such Incremental Load must be equal to or greater than the Peak Load for the Planning Year in which such Incremental Load was added, for the same number of years that the Incremental Load earned the Economic Development Rate Credit. For example, assuming Customer earns the Economic Development Rate Credit for five years for Incremental Load added during the 2022 Planning Year, Customer’s Peak Load for the next five years must then be equal to or greater than the Peak Load for the 2022 Planning Year. If Customer’s Peak Load falls below this required minimum in any year, then for each such year in which the minimum is not satisfied, Customer shall refund one year’s worth of the Economic Development Rate Credit that was earned for that Incremental Load.

Examples of Incremental Load in a sentence

• For each year during the Incentive Period, Company agrees to apply the Incentive to the Base Rate Charge for Incremental Load, subject to the provisions of the Rate Rider.

• If Customer’s Energy Usage is, on average across the Incentive Period, equal to or greater than one hundred ten percent (110%) of its average Energy Threshold, Customer shall receive an incentive for the sixth year of the Contract so as to render the Base Rate Charge for Incremental Load equivalent to one hundred ten percent (110%) of the estimated marginal cost of serving Customer, provided the Incentive for the sixth year as a percentage of the Base Rate Charge shall not exceed fifteen percent (15%).

• Details about the rate including all terms and conditions related to the Special Incremental Load Rate will be documented through a Special Incremental Load Rate Contract.

• The Special Incremental Load Rate will be determined for each Customer based on expected loads and the renewable energy resource planned to serve the Customer.

• At least 60 days prior to the effective date of the Special Incremental Load Rate Contract, the Company will file the individual Special Incremental Load Rate Contract and supporting documentation with the Commission for approval.

• Incremental costs shall be calculated, and profitability must be demonstrated at the time the contract is approved to confirm that revenues to be received from Customers under this Schedule are expected to be sufficient to cover the Company’s increased costs to offer service pursuant to each Special Incremental Load Rate Contract.

• Company shall quantify the expected profitability of the Special Incremental Load Rate Contract as the difference between the revenues expected to be generated from the pricing provisions in the Special Incremental Load Rate Contract compared to Company’s expected incremental costs.

• Each Special Incremental Load Rate Contract shall collect at least the incremental cost incurred by the Company to serve the Customer.

• If Customer is unable to maintain the projected Incremental Load and/or the Energy Threshold specified in Appendix A to this Rider Agreement for any three (3) billing months within a twelve-month period, then service under this Rate Rider shall immediately terminate.

• Company shall provide a narrative description of the reasons why the Special Incremental Load Rate is necessary for this Customer.

More Definitions of Incremental Load

Incremental Load is defined as the amount by which the Peak Load estimate for a Planning Year exceeds the prior Planning Year’s Peak Load estimate.