Definition of Power Rate

  1. Power Rate means an amount equal to the quotient of (a) the sum total of Dollars Charged by the TVA during the period divided by (b) the sum total of the KWh consumed during the same period as identified as Energy Charges from page 1 of the same Power Invoice as the Dollars Charged. Both the dollar amount in (a) and the quantity of KWh in (b) are based on the actual billing from the TVA.

Examples of Power Rate in a sentence

  1. PNM will preserve the structure, but not necessarily the rates, of its Incremental Interruptible Power Rate for customers currently on that tariff.

Definition of Power Rate in Purchase and Sale Agreement

Power Rate means an amount equal to the quotient of (a) the sum total of Dollars Charged by the TVA during the period divided by (b) the sum total of the KWh consumed during the same period as identified as Energy Charges from page 1 of the same Power Invoice as the Dollars Charged. Both the dollar amount in (a) and the quantity of KWh in (b) are based on the actual billing from the TVA.