Common use of Billing Based on Scheduled Transaction Clause in Contracts

Billing Based on Scheduled Transaction. As IPL and PSI systems are interconnected with other systems forming a network, it is recognized that, because of the physical and electrical characteristics of the facilities involved, a part or all of the energy being transferred from one Party to the other may flow through such other systems rather than through the point or points of connection between the systems of the Parties. A part or all of the power being transferred between other systems in the network may flow through the point or points of connection between the systems of the Parties, and as a result be included in the demand and energy meter readings at the point or points of interconnection. Therefore, all billings shall be based on scheduled transaxxxxxx or upon methods determined by the Operating Committee which may result from development of arrangements with other interconnected systems and which provide a basis for accounting for the power and energy transfers actually contracted for between the Parties. 4.03.

Appears in 2 contracts

Samples: Interconnection Agreement (Indianapolis Power & Light Co), Interconnection Agreement (Indianapolis Power & Light Co)

AutoNDA by SimpleDocs

Billing Based on Scheduled Transaction. As IPL and PSI systems are interconnected with other systems forming a network, it is recognized that, because of the physical and electrical characteristics of the facilities involved, a part or all of the energy being transferred from one Party to the other may flow through such other systems rather than through the point or points of connection between the systems of the Parties. A part or all of the power being transferred between other systems in the network may flow through the point or points of connection between the systems of the Parties, and as a result be included in the demand and energy meter readings at the point or points of interconnection. Therefore, all billings shall be based on scheduled transaxxxxxx or upon transactions xx xxxx methods determined by the Operating Committee which may result from development of arrangements with other interconnected systems and which provide a basis for accounting for the power and energy transfers actually contracted for between the Parties. 4.03.

Appears in 1 contract

Samples: Interconnection Agreement (Indianapolis Power & Light Co)

Billing Based on Scheduled Transaction. As IPL and PSI systems are interconnected with other systems forming a network, it is recognized that, because of the physical and electrical characteristics of the facilities involved, a part or all of the energy being transferred from one Party to the other may flow through such other systems rather than through the point or points of connection between the systems of the Parties. A part or all of the power being transferred between other systems in the network may flow through the point or points of connection between the systems of the Parties, and as a result be included in the demand and energy meter readings at the point or points of interconnection. Therefore, all billings shall be based on scheduled transaxxxxxx transactions or upon methods determined methodx xxxxxmined by the Operating Committee which may result from development of arrangements with other interconnected systems and which provide a basis for accounting for the power and energy transfers actually contracted for between the Parties. 4.03.

Appears in 1 contract

Samples: Interconnection Agreement (Ipalco Enterprises Inc)

AutoNDA by SimpleDocs

Billing Based on Scheduled Transaction. As IPL and PSI systems are interconnected with other systems forming a network, it is recognized that, because of the physical and electrical characteristics of the facilities involved, a part or all of the energy being transferred from one Party to the other may flow through such other systems rather than through the point or points of connection between the systems of the Parties. A part or all of the power being transferred between other systems in the network may flow through the point or points of connection between the systems of the Parties, and as a result be included in the demand and energy meter readings at the point or points of interconnection. Therefore, all billings shall be based on scheduled transaxxxxxx or upon transactioxx xx xpon methods determined by the Operating Committee which may result from development of arrangements with other interconnected systems and which provide a basis for accounting for the power and energy transfers actually contracted for between the Parties. 4.03.

Appears in 1 contract

Samples: Interconnection Agreement (Indianapolis Power & Light Co)

Time is Money Join Law Insider Premium to draft better contracts faster.