Cost of Service Deferral Accounts Clause Samples

The 'Cost of Service Deferral Accounts' clause establishes a mechanism for temporarily recording certain costs or revenues that are not immediately recognized in a company's financial statements. In practice, this clause allows a utility or service provider to defer specific expenses—such as unexpected maintenance costs or regulatory charges—by placing them in a dedicated account to be recovered or settled in future periods, often through adjustments to customer rates. This approach helps smooth out the financial impact of irregular or unpredictable costs, ensuring that ratepayers and the company are treated fairly over time and that financial reporting remains accurate and transparent.
Cost of Service Deferral Accounts. The cost of service deferral accounts will be as follows: (a) Fixed O&M Expenses: This deferral account will record such portion of the variance between actual O&M expenses and the Fixed O&M Expenses in 2018 and 2019 that is to the account of shippers, as set out in section 2.1(a).
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Cost of Service Deferral Accounts. The cost of service deferral accounts will be as follows:
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Related to Cost of Service Deferral Accounts

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • PERIOD OF SERVICE The Grant Services will commence on the Start Date and shall expire on the End Date as set forth in the SUMMARY PAGE.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Performance of Service 2.1 Appendix A (General Provisions), Articles 1 through 16, governs the performance of services under this contract. 2.2 Appendix B sets forth the liability and insurance provisions of this contract. 2.3 Appendix C sets forth the services to be performed by the contractor.