Transition bond charge definition

Transition bond charge means a charge, expressed as an

Transition bond charge means a charge, expressed as an amount per kilowatt hour, that is authorized by and imposed on electric public utility ratepayers pursuant to a bondable stranded costs rate order, as modified at any time pursuant to the provisions of P.L.1999, c.23 (C.48:3-49 et al.).

Transition bond charge means the Transition Bond Charge authorized by the BPU to be imposed on all Customers by ACE or its successor to recover Bondable Stranded Costs pursuant to the Competition Act and the BPU Financing Orders.

Examples of Transition bond charge in a sentence

• The Servicer will manage, service, administer and make collections in respect of the Transition Bond Charge.

• The Servicer shall perform the calculations and take the actions relating to adjusting the Transition Bond Charge, as set forth in Section 5 of Annex 1, at the times indicated therein.

• The Servicer shall enforce the obligations of any Third Parties providing billing and collection services with respect to the Transition Bond Charge.

• In the event that the Seller is no longer acting as the Servicer under the Servicing Agreement, if the Seller receives collections of the Transition Bond Charge with respect to the Transferred Bondable Transition Property or the proceeds thereof, the Seller shall pay the Servicer, on behalf of the Issuer, all payments received by the Seller in respect thereof as soon as practicable after receipt thereof by the Seller, but in no event later than two Business Days after such receipt.

• In addition, so long as any of the Transition Bonds of any Series are Outstanding, the Servicer shall provide to the Issuer and to the Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by the Servicer that is necessary to calculate the Transition Bond Charge.

• The Servicer shall permit the Issuer and the Trustee or their respective duly authorized representatives, attorneys, agents or auditors at any time during normal business hours to inspect, audit and make copies of and abstracts from the Servicer's records regarding the Transferred Bondable Transition Property, the Transition Bond Charge and the Bondable Transition Property Documentation.

• Using the formula approved by the Board in the Financing Order (or in effect pursuant to the True-Up Letter dated _______), this filing modifies the variables used in the Transition Bond Charge and MTC-Tax calculation and provides the resulting modified Transition Bond Charge and MTC-Tax charge.

• Table I shows the revised assumptions for each of the variables used in calculating the Transition Bond Charge and MTC-Tax charge.

• The assumptions underlying the current Transition Bond Charge and MTC-Tax charge were filed by the Company in an Issuance Advice/True-Up Letter dated ________________.

• The assumptions used in calculating the Transition Bond Charge in any Advice Letter delivered by the Seller to the BPU pursuant to the Financing Order are reasonable and made in good faith.

More Definitions of Transition bond charge

Transition bond charge means a charge, expressed as an amount per kilowatt hour, that is authorized by and imposed on electric public utility ratepayers pursuant to a bondable stranded costs rate order, as modified at any time pursuant to the provisions of this act;

Transition bond charge means an irrevocable nonbypassable charge that is assessed on an electric public utility’s electric customers within its service territory who use its transmission and distribution system.