Cost Recovery Protection Sample Clauses

Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change.
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Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP may be entitled to compensation for “Stranded Costs” (defined as the unrecovered cost of any facilities exclusively constructed pursuant to this Agreement to accommodate Local Delivery Service) to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. To the extent practicable, AEP will make efforts to find customers to take the available transmission service to minimize the stranded cost recovery on a case by case basis. AEP will make a Section 205 filing under part 35 of Commission’s regulations to seek Commission authorization for any Stranded Cost recovery, identifying the facilities and voltages and recovery support for the cost and duration of the recovery period. This Section 2.4 shall not apply if Customer is making payments pursuant to Section 2.5 or Section 2.6.
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Cost Recovery Protection. The coordinated transmission plan of the Transmission Provider and the Customer shall be predicated upon the plans of the respective Parties as to their planned use of the Transmission System, including the Customer's planned use of external and internal generating capacity. If the Customer alters the planned level of its use of the Transmission System so as to reduce its AEP’s transmission service payments to Company revenue, the Customer shall compensate AEP for the unrecovered cost of any facilities exclusively constructed during the term of this Service Agreement to accommodate service that would be reduced as a result of the change in the Customer's capacity and/or operating plan, less the net present value of incremental transmission revenue, if any, that AEP would expect to derive by providing firm transmission service to other customers by using the transmission capacity freed up by the Customer's change in plans.
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Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. Not certain that the TO will need this. How are TO revenues stranded. When the load goes away, Transmission costs would be spread over the remainder of load. In what way is there risk to the TO.
Sample 1
Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. To the extent practicable, AEP will make efforts to find customers to take the available transmission service to minimize the stranded cost recovery on a case-by-case basis. AEP will make a Section 205 filing under part 35 of Commission’s regulations to seek Commission’s authorization for any Stranded Cost recovery, identifying the facilities and voltages and recovery support for the cost and duration of the recovery period.
Sample 1
Cost Recovery Protection. 2.1 The coordinated transmission plan of OVEC and Customer will be predicated upon the plans of the respective Parties as to their planned use of the transmission system, including Customer’s planned use of external and internal generating capacity. Customer will not alter the planned level of use of the transmission system so as to reduce its transmission service payments to OVEC unless: a) the Parties mutually agree otherwise; b) Customer gives years advance notice in writing of its intention to alter its planned use of the transmission system; or c) Customer compensates OVEC for the unrecovered cost of any facilities exclusively constructed during the term of the Service Agreement to accommodate service that would be reduced as a result of the change in Customer’s capacity and/or operating plan, less the net present value of transmission revenue, if any, OVEC would expect to derive by providing transmission service to other customers by using the transmission capacity freed up by Customer’s change in plans.
Sample 1
Cost Recovery Protection. Pursuant to this Agreement, Host Transmission Owner and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to Host Transmission Owner’s facilities. As such, Host Transmission Owner may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, Host Transmission Owner shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes Host Transmission Owner’s revenues to be reduced. Any such claim for Stranded Costs by Host Transmission Owner shall be net of the present value of any incremental transmission revenue that Host Transmission Owner will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. To the extent practicable, Host Transmission Owner will make efforts to find customers to take the available transmission service to minimize the stranded cost recovery on a case by case basis. Host Transmission Owner will make a Section 205 filing under part 35 of Commission’s regulations to seek Commission authorization for any Stranded Cost recovery, identifying the facilities and voltages and recovery support for the cost and duration of the recovery period. This Section 2.4 shall not apply if Customer is making payments pursuant to Section 2.5 or Section 2.6. [Should we separate transmission and distribution with respect to stranded costs? Transmission costs that may be “stranded” are already covered by features of the SPP OATT, are they not? RDS]
Sample 1
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Related to Cost Recovery Protection

  • Cost Recovery The Parties acknowledge that the price for energy as described in Exhibit A includes the Consultant Commission described in Exhibit A to cover the cost of developing, implementing and operating the Aggregation. The Competitive Supplier agrees to include this cost adder in the Price for energy, and to make the monthly commission payments on behalf of Participating Consumers, in the manner described in Exhibit A, and acknowledges this obligation as a material obligation of this Agreement.

  • Administrative Cost Recovery 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may, following deposit of Contribution funds, deduct from such funds and retain for the Bank’s own account an amount equal to five percent (5.0%) of the Contributions.

  • Cost Recovery Fee You understand and agree that in order for XOOM to offer and fulfill its fixed rate obligation to you, it has to purchase electricity in advance of usage in amounts needed to cover the full term of this Agreement. If you cancel this Agreement early, you will be responsible for paying the cost recovery fee (“Cost Recovery Fee”) set forth in the Contract Summary, which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses. It will take time for your local utility company to cancel your XOOM account. During that time you agree to pay for the electricity you consume that is supplied by XOOM.

  • Xxxx Protection 23.1With respect to the Parties' rights and obligations under this Framework Agreement, the Parties agree that the Authority is the Data Controller and that the Supplier is the Data Processor.

  • Cooperation in Loss Recovery Efforts In the event of any damages for which Bank or Customer may be liable to each other or to a third party pursuant to the services provided under this Agreement, Bank and Customer will undertake reasonable efforts to cooperate with each other, as permitted by applicable law, in performing loss recovery efforts and in connection with any actions that the relevant party may be obligated to defend or elects to pursue against a third party.

  • Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender If Lender required Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be available from the mortgage insurer that previously provided such insurance, or (ii) Lender determines in its sole discretion that such mortgage insurer is no longer eligible to provide the Mortgage Insurance coverage required by Lender, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Xxxxxx. If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use, and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the Loan is paid in full, and Lender will not be required to pay Borrower any interest or earnings on such loss reserve. Lender will no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender’s requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 11 affects Borrower’s obligation to pay interest at the Note rate.

  • System Protection Facilities The Interconnection Customer shall, at its expense, install, operate and maintain System Protection Facilities as a part of the Large Generating Facility or the Interconnection Customer’s Interconnection Facilities. The Participating TO shall install at the Interconnection Customer's expense any System Protection Facilities that may be required on the Participating TO’s Interconnection Facilities or the Participating TO’s Transmission System as a result of the interconnection of the Large Generating Facility and the Interconnection Customer’s Interconnection Facilities.

  • Eye Protection Approved eye protection shall be supplied to individual prescription to all employees who normally wear glasses and are required to wear eye protection for an appreciable amount of time in the performance of their duties.

  • Cost Recovery for RSTEP Requests by Registry Operator for the approval of Additional Services pursuant to Section 2.1 may be referred by ICANN to the Registry Services Technical Evaluation Panel (“RSTEP”) pursuant to that process at xxxx://xxx.xxxxx.xxx/en/registries/rsep/. In the event that such requests are referred to RSTEP, Registry Operator shall remit to ICANN the invoiced cost of the RSTEP review within fourteen (14) calendar days of receipt of a copy of the RSTEP invoice from ICANN, unless ICANN determines, in its sole and absolute discretion, to pay all or any portion of the invoiced cost of such RSTEP review.

  • Income Protection All workers will be covered by the extended Incolink Leisure Time Insurance and Income protection Scheme which provides defined weekly payments ($500 per week to workers with dependants, $400 per week to workers without dependants) for up to a maximum 104 weeks in the event of an extended work absence arising from any personal illness or injury (whether or not work related). The costs of this benefit will be shared between Incolink and the company on a 30/70 basis. Agreed premium costs will be: Incolink - $2.10 per week/worker Employer - $4.90 per week/worker It is a condition of the company’s agreement to provide this benefit that premium costs be maintained at not more than the February 1998 equivalent. In the event of premium costs escalating, the parties are agreed that the benefits table will be revised downwards so as to contain premium costs within the agreed limits. To maintain this cover the company agrees to pay the amounts every week for each employee. In the event the company does not maintain the above policy, the company will be liable in full to pay equivalent benefits to an employee who meets eligibility criteria as set out in the policy document.

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