Omission Error definition
Omission Error means SF Recology Companies’ failure to account for revenues in two separate accounts, the Impound Account and the Zero Waste Incentive Account, in its 2017 Rate Application. The spreadsheets submitted with the 2017 Rate Application erroneously omitted those amounts, resulting in lower overall revenues which resulted in a higher rate increase than would have occurred in the absence of the omitted amounts.
Examples of Omission Error in a sentence
The Parties acknowledge that those adjusted refuse rates, in conjunction with the Restitution Payment, cure the Omission Error and will remain in effect until a new Rate Order is issued, and that the adjusted rates remain subject to any permissible cost of living increases provided for in the 2017 Rate Order.
The SF Recology Companies will pay the Restitution Payment to Ratepayers in accordance with the following schedule: Within 30 days of the Effective Date of this Agreement, SF Recology Companies will do all of the following: (1) identify all Ratepayers; and (2) calculate the amount of money to which each Ratepayer is entitled as a result of the Omission Error.