Common use of Allocation of the Payment Amount Clause in Contracts

Allocation of the Payment Amount. ColumbiaGrid shall determine and post on the Website each Payor’s Allocated Share of each Payment Amount under each of the Invoices and the effective date of such Allocated Shares pursuant to the following formula: For each Payor (which includes the New Payor), the— Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: $50,000 per Payment Cycle + {(MTPO – TEP) * ((X * [dollar value of net transmission plant of such Payor  total dollar value of net transmission plant of all Payors]) + (Y * [Annual Area Load of such Payor  total Annual Area Load of all Payors]))} Except, in the cases where the above equation results in the Bonneville share of costs exceeding 49.9% of the MTPO, the following revised equation shall be used to determine payment obligations of all Payors excluding Bonneville. Revised Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: (Payor’s numerator from above equation) + {(MTPO * (Bonneville’s Allocated Share from above equation – 0.499)) * ((X * (dollar value of net transmission plant of Payor)  (total dollar value of net transmission plant of all Payors – dollar value of net transmission plant of Bonneville)) + (Y * (Annual Area Load of Payor)  (total Annual Area Load of all Payors – Annual Area Load of Bonneville)))} Furthermore, in these cases, Bonneville’s Revised Payment Allocated Share shall be a decimal fraction (expressed as a percentage) equal to 0.499. Where, MTPO = Maximum Total Payment Obligation (pursuant to section 1.25) TP = Total Payors TEP = Total Equal Payments = TP * $50,000 X = the weighting share for transmission plant applied to the (MTPO – TEP) Y = the weighting share for annual load applied to (MTPO – TEP) Where X + Y = 1 and X = 4/7 and Y = 3/7 “Net transmission plant” of a Payor means such Payor’s net transmission plant as reflected in such Payor’s then most recent FERC Form 1 or equivalent report

Appears in 1 contract

Samples: Facilities Agreement

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Allocation of the Payment Amount. ColumbiaGrid shall determine and post on the Website each Payor’s Allocated Share of each Payment Amount under each of the Invoices and the effective date of such Allocated Shares pursuant to the following formula: For each Payor (which includes the New Payor), the— Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: $50,000 per Payment Cycle + {(MTPO – TEP) * ((X * [dollar value of net transmission plant of such Payor ÷ total dollar value of net transmission plant of all Payors]) + (Y * [Annual Area Load of such Payor ÷ total Annual Area Load of all Payors]))} Except, in the cases where the above equation results in the Bonneville share of costs exceeding 49.9% of the MTPO, the following revised equation shall be used to determine payment obligations of all Payors excluding Bonneville. Revised Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: (Payor’s numerator from above equation) + {(MTPO * (Bonneville’s Allocated Share from above equation – 0.499)) * ((X * (dollar value of net transmission plant of Payor) ÷ (total dollar value of net transmission plant of all Payors – dollar value of net transmission plant of Bonneville)) + (Y * (Annual Area Load of Payor) ÷ (total Annual Area Load of all Payors – Annual Area Load of Bonneville)))} Furthermore, in these cases, Bonneville’s Revised Payment Allocated Share shall be a decimal fraction (expressed as a percentage) equal to 0.499. Where, MTPO = Maximum Total Payment Obligation (pursuant to section 1.25) TP = Total Payors TEP = Total Equal Payments = TP * $50,000 X = the weighting share for transmission plant applied to the (MTPO – TEP) Y = the weighting share for annual load applied to (MTPO – TEP) Where X + Y = 1 and X = 4/7 and Y = 3/7 “Net transmission plant” of a Payor means such Payor’s net transmission plant as reflected in such Payor’s then most recent FERC Form 1 or equivalent report

Appears in 1 contract

Samples: Facilities Agreement

Allocation of the Payment Amount. ColumbiaGrid shall determine and post on the Website each Payor’s Allocated Share of each Payment Amount under each of the Invoices and the effective date of such Allocated Shares pursuant to the following formula: For each Payor (which includes the New Payor), the— Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: $50,000 per Payment Cycle + {(MTPO – TEP) * ((X * [dollar value of net transmission plant of such Payor  total dollar value of net transmission plant of all Payors]) + (Y * [Annual Area Load of such Payor  total Annual Area Load of all Payors]))} Except, in the cases where the above equation results in the Bonneville share of costs exceeding 49.9% of the MTPO, the following revised equation shall be used to determine payment obligations of all Payors excluding Bonneville. Revised Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: (Payor’s numerator from above equation) + {(MTPO * (Bonneville’s Allocated Share from above equation – 0.499)) * ((X * (dollar value of net transmission plant of Payor)  (total dollar value of net transmission plant of all Payors – dollar value of net transmission plant of Bonneville)) + (Y * (Annual Area Load of Payor)  (total Annual Area Load of all Payors – Annual Area Load of Bonneville)))} Furthermore, in these cases, Bonneville’s Revised Payment Allocated Share shall be a decimal fraction (expressed as a percentage) equal to 0.499. Where, MTPO = Maximum Total Payment Obligation (pursuant to section 1.25) TP = Total Payors TEP = Total Equal Payments = TP * $50,000 X = the weighting share for transmission plant applied to the (MTPO – TEP) Y = the weighting share for annual load applied to (MTPO – TEP) Where X + Y = 1 and X = 4/7 and Y = 3/7 “Net net transmission plant” of a Payor means such Payor’s transmission plant, net transmission plant of depreciation, located in the Pacific Northwest as reflected in such Payor’s then most recent FERC Form 1 or equivalent report

Appears in 1 contract

Samples: Planning and Expansion Functional Agreement

Allocation of the Payment Amount. ColumbiaGrid shall determine and post on the Website each Payor’s Allocated Share of each Payment Amount under each of the Invoices and the effective date of such Allocated Shares pursuant to the following formula: For each Payor (which includes the New Payor), the— Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: $50,000 per Payment Cycle + {(MTPO – TEP) * ((X * [dollar value of net transmission plant of such Payor ÷ total dollar value of net transmission plant of all Payors]) + (Y * [Annual Area Load of such Payor ÷ total Annual Area Load of all Payors]))} Except, in the cases where the above equation results in the Bonneville share of costs exceeding 49.9% of the MTPO, the following revised equation shall be used to determine payment obligations of all Payors excluding Bonneville. Revised Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: (Payor’s numerator Allocated Share from above equation) + {(MTPO * (Bonneville’s Allocated Share from above equation – (MTPO * 0.499)) * ((X * (dollar value of net transmission plant of Payor) ÷ (total dollar value of net transmission plant of all Payors – dollar value of net transmission plant of Bonneville)) + (Y * (Annual Area Load of Payor) ÷ (total Annual Area Load of all Payors – Annual Area Load of Bonneville)))} Furthermore, in these cases, Bonneville’s Revised Payment Allocated Share shall be a decimal fraction (expressed as a percentage) equal to (MTPO)* (0.499). Where, MTPO = Maximum Total Payment Obligation (pursuant to section 1.25) TP = Total Payors TEP = Total Equal Payments = TP * $50,000 X = the weighting share for transmission plant applied to the (MTPO – TEP) Y = the weighting share for annual load applied to (MTPO – TEP) Where X + Y = 1 and X = 4/7 and Y = 3/7 “Net transmission plant” of a Payor means such Payor’s net transmission plant as reflected in such Payor’s then most recent FERC Form 1 or equivalent report;

Appears in 1 contract

Samples: Facilities Agreement

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Allocation of the Payment Amount. ColumbiaGrid shall determine and post on the Website each Payor’s Allocated Share of each Payment Amount under each of the Invoices and the effective date of such Allocated Shares pursuant to the following formula: For each Payor (which includes the New Payor), the— Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: $50,000 per Payment Cycle + {(MTPO – TEP) * ((X * [dollar value of net transmission plant of such Payor ! total dollar value of net transmission plant of all Payors]) + (Y * [Annual Area Load of such Payor ! total Annual Area Load of all Payors]))} Except, in the cases where the above equation results in the Bonneville share of costs exceeding 49.9% of the MTPO, the following revised equation shall be used to determine payment obligations of all Payors excluding Bonneville. Revised Payor’s Allocated Share = a decimal fraction (expressed as a percentage), in which the denominator equals the MTPO and the numerator equals the following: (Payor’s numerator Allocated Share from above equation) + {(MTPO * (Bonneville’s Allocated Share from above equation – (MTPO * 0.499)) * ((X * (dollar value of net transmission plant of Payor) ! (total dollar value of net transmission plant of all Payors – dollar value of net transmission plant of Bonneville)) + (Y * (Annual Area Load of Payor) ! (total Annual Area Load of all Payors – Annual Area Load of Bonneville)))} Furthermore, in these cases, Bonneville’s Revised Payment Allocated Share shall be a decimal fraction (expressed as a percentage) equal to (MTPO)* (0.499). Where, MTPO = Maximum Total Payment Obligation (pursuant to section 1.25) TP = Total Payors TEP = Total Equal Payments = TP * $50,000 X = the weighting share for transmission plant applied to the (MTPO – TEP) Y = the weighting share for annual load applied to (MTPO – TEP) Where X + Y = 1 and X = 4/7 and Y = 3/7 “Net transmission plant” of a Payor means such Payor’s net transmission plant as reflected in such Payor’s then most recent FERC Form 1 or equivalent report;

Appears in 1 contract

Samples: Facilities Agreement

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