Final Sale. If the auction or sale of any or all of the non-fossil/hydro assets or obligations as described in this Section should fail, the PUC shall have the authority to divest the asset or obligation. This may be accomplished by awarding the asset or obligation to the highest bidder; requiring a NU affiliate to purchase at the minimum bid price; conducting an absolute auction; or by such other means as the PUC deems appropriate. If there is no final sale, the net of the costs and revenues after the Recovery End Date will be considered Part 2 costs.
Appears in 2 contracts
Sources: Memorandum of Understanding (North Atlantic Energy Corp /Nh), Memorandum of Understanding (Northeast Utilities System)