New Consumer definition
Examples of New Consumer in a sentence
A New Consumer which is expected to consume more than 1,000,000 kWhs per year.
For Very Large New Consumers, promptly after determining that a New Consumer is a Very Large New Consumer, Competitive supplier shall quote a price at then prevailing market rates.
If the New Consumer is in the largest industrial rate class, Competitive Supplier may contact such New Consumer and reasonably determine if such New Consumer is expected to consume more than 1,000,000 kWh per year.
Any Very Large New Consumer that accepts such market rate shall be enrolled in the Program, be deemed a Participating Consumer, and be entitled to receive supply at the market price quoted by the Competitive Supplier pursuant to the terms and conditions of this Agreement.
If the New Consumer is in the largest industrial rate class, Competitive Supplier may contact such New Consumer and reasonably determine if such New Consumer is expected to consume more than 1,000,000 kWhs per year.
Any Very Large New Consumer that does not elect to opt-out of the Program will be enrolled in the Program, be deemed a Participating Consumer, and be entitled to receive supply at the market price quoted by the Competitive Supplier pursuant to the terms and conditions of this Agreement.
Competitive Supplier shall mail an Opt-Out Notice (as described in Article 5.1) to each such New Consumer within thirty (30) days after receiving notice from the LDC.
The Opt-Out Notice shall be mailed to each such New Consumer prior to the date of automatic enrollment.
If SafeScience does not notify the Company of its intent to exercise its option pursuant to Section 5(b) within 10 (ten) business days of receipt of the Company's request, then the Company may seek to sell the New Consumer Formula pursuant to this Section 5(c) notwithstanding paragraph 1(b).
SafeScience shall exercise its option to purchase any or all New Consumer Formulas by delivering written notice to the Company.