Volumetric Charge definition
Examples of Volumetric Charge in a sentence
The Volumetric Charge may only be adjusted by the same percentage and at the same time as any future change in the volumetric rates for general metered service, as adjudicated by the NHPUC, which the Company charges to its core system customers in the City of Nashua.
The Volumetric Charge will be assessed, and the guaranteed minimum yearly usage enforced, as follows: MVD will be billed each month at the Volumetric Charge rate for the greater of either: (A) MVD’s actual usage; or (B) a Minimum Monthly Usage of 10,166 CCF, except that the Minimum Monthly Usage will be reduced by 334.2 CCF for each day that the Company cannot deliver at least 0.25 MGD to MVD in that month.
The Volumetric Charge is subject to the determination of the NHPUC as part of the proceeding to approve this Agreement.
The Volumetric Charge includes modifications made from time to time by adjustments to the Qualified Capital Adjustment Charge, as approved by the NHPUC.
For service provided before October 1, 2020, the monthly Volumetric Charge component of the Wholesale Water Rate shall be the volume of water used by Customers during the previous billing period, calculated as set forth in Section 8.02(c)(3) of this Agreement, multiplied by $2.40 per thousand gallons.
The Volumetric Charge is subject to the determination of the Volumetric Rate by the NHPUC as part of the proceeding to approve this Agreement.
The Parties agree that the Customers’ total metered water usage multiplied by 110% shall constitute the volume of water used by Customers during the Temporary Wholesale Water Supply Period for the purpose of calculating the Volumetric Charge component of the Wholesale Water Rate under this Agreement.
The Volumetric Charge will be $1.0012 per 100 cubic feet, for a minimum guaranteed of 487,968 CCF per year over a two-year period with the start date being the Initial Term date of July 1, 2021.
For service provided on and after October 1, 2020, the monthly Volumetric Charge component of the Wholesale Water Rate shall be the volume of water used by Customers during the previous billing period, calculated as set forth in Section 8.02(c)(3) of this Agreement, multiplied by $4.91 per thousand gallons.
In consideration of the services provided by the Company to the Customer, the Customer shall pay the Company a Monthly Customer Charge of $11,000 and a Volumetric Charge of $0.20 for every Mcf of natural gas transported under this Special Contract.