Define: Cost of Service

How is Cost of Service defined in a legal contract?

• Cost of Service means a rate set for a class of consumers that, as much as possible, reflects the financial burden the utility faces in providing electric service to that class. Seen in 6 SEC filings
• Cost of Service means the direct and indirect expenses involved in providing a program or service, as determined by the [Senior Administrative Officer]. Seen in 5 SEC filings
• Cost of Service means a method used to establish customer rates based on the revenue a utility needs to recover all costs, including design and development, operation and maintenance, depreciation, [debt service costs], equity return for capital costs, and all fees and taxes. Seen in 4 SEC filings
• Cost of Service means a method of setting the total cost of natural gas based on the cost of providing distribution services to customers. Seen in 3 SEC filings
• Cost of Service means the total annual expense of providing the utility service expressed in monetary value, including a rate of return on invested capital. Seen in 2 SEC filings
• Cost of Service means the total annual expense of providing the utility service expressed in monetary value, including a return on invested capital and operational and administrative costs and expenses. Seen in 2 SEC filings
• Cost of Service means the total costs used in determining a rate or any rate adjustment as per the [ToC], which costs are determined by [organization] acting reasonably. Seen in 2 SEC filings
• Cost of Service means the actual costs of providing a service, which are calculated according to [minister's] directions. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of cost of service' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Cost of Service means the total financial burden to an organization, reflecting all direct and indirect expenses of providing a service or product.

Relevant Contract Types

• Service Agreement
• Master Service Agreement
• SaaS Agreement
• Consulting Agreement
• Supply Agreement

Relevant Circumstances

• Establishing new service or supplier relationships
• Negotiating terms for service provision
• Determining compensation for a service
• Evaluating the cost-effectiveness of a service

Relevant Sectors

• Information Technology
• Healthcare Services
• Professional Services
• Retail
• Manufacturing

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Genie Definition 2

• Cost of Service means a rate set for customer categories, mirroring the monetary outlay involved in utility service provision.

Relevant Contract Types

• Energy Supply Agreement
• Water Supply Agreement
• Telecom Contract

Relevant Circumstances

• Setting prices for utility services
• Understanding costs for different customer categories
• Establishing rates for new service provision

Relevant Sectors

• Utilities - Energy
• Utilities - Water
• Telecommunications

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