Examples of Securitization Charge in a sentence
The Securitization Charge shall apply to all Company customers on all Rate Schedules including customers on Retail Open Access Rate Schedules (customers taking Retail Open Access service as of the date of the financing Order June 23, 2021 and who have not subsequently reverted to being full service customers are excluded from the Securitization Charge.
Full service customers subsequently switching to Retail Open Access will remain obligated to pay the Securitization Charge).
DTE Electric will continue to bill and collect the Securitization Charge, as servicer, and it will be separately accounted for by DTE Electric for remittance to the DTE Securitization Funding LLC.
Pursuant to the Purchase and Sale Agreement dated March 17, 2022 between DTE Electric and DTE Securitization Funding LLC, the Securitization Charge was sold to DTE Securitization LLC.
Each Servicer Business Day, after giving effect to collections (including Securitization Charge Collections) on such Servicer Business Day, the total collections for each Securitization Rate Class are multiplied by the prior Billing Period’s Securitization Ratio for such Securitization Rate Class.