Examples of Administration Charge in a sentence
The Company will charge a Surplus Administration Charge (SAC) of 50% of the gross distributable surplus arising at the end of the financial year.
An Administration Charge shall not be permitted to the extent that the Interconnected Transmission Owner’s other charges to the Interconnection Customer under the same Interconnection Service Agreement include an allocation of Interconnected Transmission Owner’s administrative and general expenses and/or other corporate overhead costs.
Administration Charge — Any such charge may recover only the costs and expenses incurred by the Interconnected Transmission Owner in connection with administrative obligations such as the preparation of bills, the processing of Customer Facility-specific data on energy delivered at the Point of Interconnection and costs incurred in similar types of administrative processes related to Interconnection Customer’s Interconnection Service.
If the cost of providing administrative services to the Company is more than the Administration Charge taken in any period, the ACD will make up the difference.
If the cost of providing administrative services to the Company is less than the Administration Charge taken in any period, the ACD will keep the difference.