Common use of Filing with FERC Clause in Contracts

Filing with FERC. This Agreement shall be filed with FERC, with the request that it become effective on the Effective Date. Old Dominion will join in Virginia Power's request that this Agreement and the initial rates contained herein be accepted for filing with a suspension of no longer than one day and will support the other provisions of this Agreement. If FERC does not accept the provisions of this Agreement for filing or allows the contract to become effective only with changes or conditions which materially alter the Agreement (thereby defeating the intent of the Parties), then, notwithstanding any other provisions of this Agreement the Parties will make a good faith effort to re-negotiate this Agreement to make mutually acceptable changes to remedy any issues cited by FERC as reasons for its non-acceptance. In the event that the Parties are unable to reach a mutually satisfactory re-negotiated Agreement, this Agreement shall be null and void. In the event implementation of this Agreement is delayed beyond January 1, 1998, because of required regulatory approvals, Virginia Power, with the support of Old Dominion, will take such steps as are necessary and feasible to provide Old Dominion with the economic benefit of the pricing agreed upon herein.