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Energy/Environmental Surcharge: General Information
Overview
Liquid Environmental Solutions is committed to controlling costs so we can continue to provide you with the best overall value in liquid waste related services. Other than investments Liquid Environmental Solutions is purposefully making towards cleaner technologies and reducing our overall impact on the environment, rising fuel prices and environmental compliance-related costs are something we cannot fully control. Our Energy/Environmental Charge is meant to help us cover these increased costs and achieve an acceptable operating margin. The Energy/Environmental Charge is one line item on customer invoices that contains two separate components-an energy surcharge component and an environmental cost recovery component.
Energy Component
The energy surcharge calculation is tied directly to the national average price of diesel fuel as reported weekly by the Energy Information Administration of the U.S. Department of Energy ("EIA/DOE") in its Weekly Retail On-Highway Diesel Prices Index. This index is objective, publicly available and widely recognized in the trucking and transportation industries. This change will ensure that you, our valued customer, will pay a fuel surcharge that is currently adjusted, easy to calculate, and equitable to you and the Company.
The EIA/DOE average is published each Monday and LES will use published average from the last Monday of every month to calculate the energy charge for the following month. The Liquid Environmental Solutions surcharge tables show what the energy surcharge, as a percentage of your monthly or other periodic invoice charges, before taxes, would be based upon the last reported EIA/DOE national diesel price index prior to your invoice date.
Environmental Component
Liquid Environmental Solutions is committed to being a good neighbor to our customers, our team members and our environment. The Environmental Component of the Energy/Environmental Charge is an amount or percentage of all invoice charges including the fuel surcharge (excluding taxes) that was implemented in February 2008 to cover our nationwide annual increase in environmental compliance costs. This charge is to cover any and all costs and expenses to operate our collection, transfer, processing and disposal operations, on a company-wide basis, in a safe and environmentally responsible manner, and to achieve an acceptable operating margin. We will continue to promote the Environmental Charge as our charge to cover costs associated with operating in a safe and environmentally responsible manner and to achieve an acceptable operating margin.
The amount or percentage of the environmental charge is not tied to any specific, direct or indirect, costs to service your account, but to Liquid Environmental Solutions' overall costs on a company-wide basis.
Determination of the Energy/Environmental Charge Amount
The Energy/Environmental Charge that is included in a customer's invoice is determined by applying the percentage from the Liquid Environmental Solutions Energy Surcharge Table to the invoice charges (excluding tax). The 3.30% environmental component is then applied to the sum of the invoice charges and the energy surcharge amount, but excluding taxes. For example a bill that totals $100.00 before tax for services and $4.00 for the energy surcharge would see only an additional $3.43 for the environmental component.
Not a Governmental Tax; Future Changes
The Energy/Environmental Charge is not a tax or surcharge imposed by or remitted to any governmental or regulatory agency; it is our charge. The Energy/Environmental Charge percentages may be changed at the discretion of Liquid Environmental Solutions. To the extent required by your applicable customer service terms, your consent to the assessment of the Energy/Environmental Charge, and any changes to such charge, is effective upon your payment.
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