DEFINITION OF STRANDED COSTS Sample Clauses

DEFINITION OF STRANDED COSTS. The Settling Parties agree that the MA Operating Companies shall have the burden in future base distribution rate proceedings, identified herein, to demonstrate that National Grid has eliminated, mitigated and/or absorbed the “Stranded Costs,” which are defined herein as costs in existence as of December 31, 2021 that would represent incremental, future adverse impact for customers of the MA Operating Companies arising out of the loss of Narragansett’s share of the Indirectly Attributable Service Company costs, if not eliminated, mitigated, or otherwise absorbed by National Grid. [Appendix 1, Itemization and Quantification of IASC Costs].
Sample 1
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