Common use of Receipts and Payments Clause in Contracts

Receipts and Payments. A selling Company shall receive from a purchasing Company one hundred and ten percent (110%) of the selling Company's Incremental Energy Cost for Pool Energy sold. A purchasing Company shall pay for Pool Energy received one hundred and ten percent (110%) of its portion of the aggregate of the selling Companies' Incremental Cost for Pool Energy. Where Pool Energy is purchased simultaneously by more than one Company, these charges shall be pro rated in proportion to the megawatt-hours of Pool Energy purchased by each buyer. SCHEDULE E PAYMENTS AND RECEIPTS FOR INTERNAL ECONOMY ENERGY EXCHANGES AMONG THE COMPANIES AND FOR OFF-SYSTEM ENERGY PURCHASES AND SALES