The Storm Recovery Property Sample Clauses

The Storm Recovery Property clause defines the rights and mechanisms related to the recovery of costs incurred due to storm-related damages or disruptions. Typically, this clause allows a utility or service provider to recover expenses from customers or through regulatory adjustments when storms cause significant damage to infrastructure. For example, it may permit the inclusion of storm recovery charges on customer bills or the issuance of special bonds to finance repairs. The core function of this clause is to ensure that the financial burden of restoring services after major storms is managed efficiently and transparently, preventing undue financial strain on the service provider and ensuring continued service reliability.