Transmission Assets definition

Transmission Assets has the meaning set forth in Section 2.2(a).

Transmission Assets means the electric transmission tangible personal property, and real property, used in or for the Business of ML&P or located on the Real Property, including the facilities, equipment, and other tangible property and assets that connect the Distribution Assets to transmission interconnection points (and other property and assets associated with or ancillary thereto), transformers, breakers, capacitor banks, switches, arresters, instrument transformers, substation structures, substations, buswork, substation battery and chargers, relay protection panels, relay communications/carriers, remote telemetry and control equipment, metering, fault recorders, sequence of even recorders, annunciators, relay vaults, substation fencing, transmission lines, conductors, transmission line structures and poles, and control buildings.

Transmission Assets means the Transmission Facilities and associated Land Rights.

Examples of Transmission Assets in a sentence

• Except as set forth in Section 4.09 of the Disclosure Schedules, all of the Generation Assets, Transmission Assets and Distribution Assets owned, in whole or in part, leased or operated by ML&P have been operated in all material respects in the ordinary course of business consistent with past practice, and there are no pending material claims for defective work, equipment or materials relating to the Purchased Assets.

• The Manager will provide to the other Party evidence of liability and automobile insurance in anticipation of any visits to the site of any Transmission Assets managed by the Manager pursuant to this Agreement.

• Except to the extent that the Corporate Manager may possess a nominal fractional undivided interest in the Transmission Assets, title to Company assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Company as an entity, and no Member, individually or collectively, shall have any ownership interest in such Company assets or any portion thereof.

• Within 90 days after the end of each Operating Year, each Manager, in respect of the Transmission Assets for which it is responsible, shall provide the JOC with a report with respect to that Manager’s O&M Activities during each such period, in such form as may be required by the JOC.

• Each Manager, with respect to the Transmission Assets for which the Manager is responsible, shall, upon request by either Party, provide the other Party with copies of all communications and correspondence to any and all Authorized Authorities.

More Definitions of Transmission Assets

Transmission Assets means the Labrador-Island Link, the Maritime Link and the Labrador Transmission Assets;

Transmission Assets means the Transmission Facilities and associated Land Rights. “Transmission-Dependent Utility” means an Electric Utility that is not a Transmission Utility and that is dependent on the transmission system of another Person for delivering electricity to the electric utility’s customers.

Transmission Assets means, in each case to the extent existing and owned or held immediately prior to the Separation Time by Entergy or any of its Subsidiaries, all of Entergy’s and its Subsidiaries’ respective right, title and interest in, to and under the following Assets:

Transmission Assets has the meaning set forth in Section 3.05(a).

Transmission Assets has the meaning given to such term in the Separation Agreement.

Transmission Assets means with respect to a Plant, the electrical transmission and distribution facilities (as opposed to generation facilities) located on Real Property or forming part of such Plant (whether or not regarded as a "transmission" or "generation" asset for regulatory or accounting purposes), including all switchyard facilities, step-up transformers, substation facilities and support equipment, as well as all permits, contracts and warranties, to the extent they relate to such transmission and distribution assets.

Transmission Assets means all assets of OPC of every kind and description and wherever located, which, as of the Effective Date, (A) are properly classified as transmission assets under accounts 350 to 397 of the System of Accounts as prescribed by RUS in effect on the Effective Date, or (B) qualify for treatment as "Transmission Facilities" under the ITSA or (C) are shown on OPC's books as of the Effective Date as transmission assets, plus the warehouse facility located in Conyers, Georgia, and all inventories relating to the transmission assets contained therein, all claims and rights under work in progress, contracts (including the right to provide transmission services to the Members in the manner contemplated by the Transmission Contracts), leases, licenses or other agreements (whether governmental or private) and rights in condemnation proceedings and other litigation matters (including by way of counterclaim), in each case, used in or otherwise relating to its Transmission Business; provided, however, that the Transmission Assets shall not include: (i) any accounts receivable of OPC; (ii) any of the real property, buildings and fixtures constituting OPC's headquarters facility or, except as OPC and GTC may mutually agree, any equipment (except the types expressly specified above), furniture and other personal property located at OPC's headquarters facility (subject to OPC's obligations under Section 2.10 to enter into certain office space leases); (iii) any books or records (subject to OPC's obligations to provide access and copies pursuant to Section 6.6); (iv) any assets which OPC owns as a tenant in common with others (except to the extent otherwise provided by the third sentence of Section 2.4(g)); or (v) any step-up substation transformers located at generation facilities. For all purposes of this Agreement, including all provisions relating to the Purchase Price Adjustment, "Transmission Assets" shall be limited to the assets acquired or to be acquired by GTC from OPC effective as of the Effective Date.