Common use of CHARGES FOR ELECTRICITY Clause in Contracts

CHARGES FOR ELECTRICITY. In the event of the State acquiring the Joint Venturers’ electricity facilities the Joint Venturers will pay to the Commission for all electricity supplied to the Joint Venturers by the Commission at a rate equal to the standard tariff applying from time to time in respect to the supplying of electricity by the Commission less the difference (if any) between the Commission’s standard tariff in force at the time of the State’s acquisition of the said electricity facilities and the Joint Venturers’ costs of operating the same (including (inter alia) appropriate capital charges) at the time of the acquisition. The said rate will apply only in respect of an amount of electricity equal to the continuous full load capacity of the electricity facilities so acquired and the Joint Venturers will pay for all electricity in excess of such amount supplied to them by the Commission from other sources at the Commission’s standard tariff from time to time.

CHARGES FOR ELECTRICITY. In the event of the State acquiring the Joint Venturers’ electricity facilities the Joint Venturers will pay to the Commission for all electricity supplied to the Joint Venturers by the Commission at a rate equal to the standard tariff applying from time to time in respect to the supplying of electricity by the Commission less the difference (if any) between the Commission’s standard tariff in force at the time of the State’s acquisition of the said electricity facilities and the Joint Venturers’ costs of operating the same (including (inter alia) appropriate capital charges) at the time of the acquisition. The said rate will apply only in respect of an amount of electricity equal to the continuous full load capacity of the electricity facilities so acquired and the Joint Venturers will pay for all electricity in excess of such Schedule amount supplied to them by the Commission from other sources at the Commission’s standard tariff from time to time.