Common use of Applicable Study Deposit Clause in Contracts

Applicable Study Deposit. If the ISO is responsible for performing the entire study, the required deposit is $120,000 ($150,000 if the Developer elects to include a preliminary, non-binding evaluation of the Large Facility’s deliverability under the NYISO Deliverability Interconnection Standard). If the Developer is hiring a third-party consultant to perform the analytical portion of the study, the required deposit is $40,000 ($70,000 if the Developer elects to include a preliminary, non- binding evaluation of the Large Facility’s deliverability under the NYISO Deliverability Interconnection Standard). If the Developer does not provide the required study deposit within fifteen (15) Business Days after the ISO’s notice to the Developer and the Connecting Transmission Owner of the good faith estimate of the cost and timeframe for completing the SRIS, the Interconnection Request will be subject to withdrawal.