Deregulation Clause Samples
A Deregulation clause defines how the parties will address changes in laws or regulations that affect the agreement. Typically, it outlines the steps to be taken if government actions, such as the removal or alteration of regulatory requirements, impact the obligations or costs under the contract. For example, if a service becomes less expensive to provide due to deregulation, the clause may require renegotiation of pricing or terms. The core function of this clause is to allocate risk and provide a clear process for adapting the contract to significant regulatory changes, ensuring fairness and predictability for both parties.
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Deregulation. In each of the company’s jurisdictions (Maryland, Virginia and the District of Columbia), regulators and utilities are implementing customer choice pilot programs. These programs provide customers with an opportunity to choose to purchase their natural gas and/or electric commodity from third-party marketers, rather than purchasing these commodities as part of a bundled service from the local utility. When customers choose to purchase their natural gas commodity from a third-party marketer, there is no impact on the regulated utility’s net revenues or net income because Washington Gas passes the cost of gas to customers without any ▇▇▇▇-up. However, these customer choice programs provide unregulated third-party marketers, such as WGEServices, with opportunities to profit from the sale of the natural gas commodity in competitive markets through energy sales to an expanding customer base. Participating in this rapidly evolving marketplace also poses new risks and challenges discussed below that must be addressed in the company’s current and future strategies.
Deregulation. Due to deregulation, Builder cannot and does not control the installation of utilities not required for issuance of a certificate of occupancy. This includes, but is not limited to, telephone service, cable or satellite television service, gas, electricity, water, internet, etc. Buyer further acknowledges that the Improvements may be constructed and Property sold prior to all utilities being installed. The final location of utility lines and boxes may not have been determined and could be installed at a later date. This could impact the final landscaping and vegetation that will be allowed on the Property.
Deregulation. The consummation of the Merger as contemplated herein shall have become permitted under applicable Laws of the ROC.
Deregulation. KCPL recognizes that if generation assets are deregulated in the future, it is at risk for recovery of stranded costs related to the acquisition of the new generation. Furthermore, KCPL acknowledges that ratepayers would be entitled to a greater share of a gain on the disposition of the new generation upon deregulation due to possible implementation of the CIAC mechanism.
Deregulation. The Dutch electricity market was opened to limited wholesale and retail competition on January 1, 1999 as retail competition for large industrial customers began. The Dutch wholesale electric market was completely opened to competition on January 1, 2001. Consistent with our expectations at the time we made the acquisition, we anticipate that our European Energy business segment may experience a significant decline in gross margin in 2001 attributable to the deregulation of the market and termination of an agreement with the other Dutch generators and the Dutch distributors. The next customer segment, composed primarily of commercial customers, will be liberalized by 2002. The remainder of the market, mainly residential, will be open to competition by 2003. The timing of these market openings is subject to change, however, at the discretion of the Dutch Minister of Economic Affairs. In addition, the results of our European Energy segment will be negatively impacted beginning in 2002 due to the imposition of a standard Dutch corporate income tax rate, which is currently 35%, on the income of UNA. In 2000 and prior years, UNA's Dutch corporate income tax rate was zero percent.
Deregulation. Many states have adopted customer choice legislation that allows purchase of generation service by end- use customers. Should customer choice be made available m the State of Kentucky through legislative action, the City customers may be able to procure their power and energy directly from non-utility electric service providers (ESPs). The Customer agrees that the City will remain the provider of local distribution services pursuant to this contract. This contract shall not relieve Customer of any additional transition cost obligations which may apply under future laws and regulations governing Customer's right to choose another wholesale power supplier, such as transition charges related to stranded investments in generation, common and bulk transmission facilities, and distribution facilities.
Deregulation. The Borrower has:
(a) prepared a plan of action for reducing procedural obstacles and improving transparency with respect to business inspections; and
(b) enacted the regulations, referred to in Section I.4 (c) for simplification of business licensing procedures.