Schedule TC2 definition
Examples of Schedule TC2 in a sentence
As provided in the Financing Order, Schedule TC2 and Section 7(a)(iii)(F) of this Annex, interest paid by the Servicer shall be recoverable through Transition Charges if the Servicer's claim to the funds is not clearly unfounded.
In addition, as provided in the Financing Order and Schedule TC2, the Servicer shall not be required to pay interest to the REP if the Servicer has received inaccurate metering data from another entity providing competitive metering services pursuant to the Texas Electric Choice Plan.
In any case, the Servicer shall enforce the obligations, and exercise its remedies against, each REP including any Provider of Last Resort, as permitted under the Financing Order and Schedule TC2.
In the event an interim Transition Charge Adjustment is permitted under Schedule TC2, the Servicer will file for such an adjustment with the PUCT not less than fifteen days prior to the proposed Interim Adjustment Date.
If the REP and the Servicer cannot reach an informal resolution to the dispute, either party may file a complaint with the PUCT as set forth in the Financing Order and Schedule TC2.
The Servicer shall enforce at the earliest possible date the obligations with respect to the Transition Charges of each REP and each other Person owing or collecting Transition Charges, provided that any REP shall be entitled to hold back from its payment of Transition Charges to the Servicer an allowance for charge-offs according to the procedure and calculations set forth in the Financing Order, Schedule TC2 and the Issuer Annex.
The Servicer shall require the REP to immediately replenish its REP Deposit and shall avail itself of such legal remedies as may be appropriate to collect any remaining unpaid Transition Charges and associated penalties due to the Servicer after application of the REP Deposit, in accordance with the Financing Order and Schedule TC2.
Until the first Calculation Date, each REP that has chosen to hold back an allowance for charge-offs in its payments of TC Collections to the Servicer in accordance with the Financing Order and Schedule TC2 will remit to the Servicer TC Collections based on the charge-off percentage in effect for transition charges related to the transition bonds issued by CenterPoint Energy Transition Bond Company, LLC on October 24, 2001.