Fixed On-Going Charge Payment Sample Clauses
The Fixed On-Going Charge Payment clause establishes a predetermined, recurring payment amount that one party must pay to another over a specified period. Typically, this clause outlines the frequency of payments—such as monthly or quarterly—and clarifies that the amount remains constant regardless of usage or other variables. Its core function is to provide predictability and financial stability for both parties by ensuring regular, fixed payments, thereby simplifying budgeting and reducing disputes over payment calculations.
Fixed On-Going Charge Payment. The Connecting Transmission Owner will invoice and Interconnection Customer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Interconnection Agreement. All payments due to be made by the Interconnection Customer shall be made within thirty (30) days after receiving an invoice from the Connecting Transmission Owner. The Project’s Gross Connecting Transmission Owner’s Interconnection Facilities Plant Investment cost shall be established in writing by the Connecting Transmission Owner no later than 90 days following commercial operation. The Annual On-Going Charge Factor shall be calculated annually each July based on the Company’s most recent FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified on O&M Attachment 1 divided by the Total Gross Plant of the Connecting Transmission Owner. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b)(c) in O&M Attachment 1.
Fixed On-Going Charge Payment. The Transmission Owner will invoice and Developer shall pay an annual payment to the Transmission Owner equal to the product of the Gross Plant Investment associated with the Transmission Owner’s Attachment Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Interconnection Agreement. All payments due to be made by the Developer shall be made within thirty (30) days after receiving an invoice from the Transmission Owner. The Project’s Gross Transmission Owner’s Attachment Facilities Plant Investment cost shall be established in writing by the TO no later than 90 days following commercial operation. The Annual On-Going Charge Factor shall be calculated annually each July based on the Company’s most recent FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified on Attachment 1 divided by the Total Gross Plant of the Transmission Owner. Total Gross Plant shall equal the sum of Item Nos. A(1)(a), (b) and (c) in Attachment 1.
Fixed On-Going Charge Payment. The Connecting Transmission Owner will invoice and Developer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Attachment Facilities and the Annual Transmission Ongoing Charge Factor (as defined below), for the term of this Agreement. All payments due to be made by the Developer shall be made within thirty (30) days after receiving an invoice from the Connecting Transmission Owner. Connecting Transmission Owner will bill Developer for the O&M Expenses on a quarterly basis. The Project’s Gross Plant Investment cost associated with the Connecting Transmission Owner’s Attachment Facilities shall be established in writing by the Connecting Transmission Owner no later than 90 days following commercial operation. For the purposes of this Agreement, Gross Plant Investment shall mean the investment from the plant account records associated with the Connecting Transmission Owner’s Attachment Facilities for the Large Generating Facility. The Annual Transmission On-Going Charge Factor shall be calculated annually each July based on the Connecting Transmission Owner’s most recent FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified in O&M Attachment 1 divided by the Total Gross Plant of the Connecting Transmission Owner. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b)(c) in O&M Attachment 1.
Fixed On-Going Charge Payment. The Connecting Transmission Owner will invoice and Interconnection Customer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities and the Annual Transmission Ongoing Charge Factor (as defined below), for the term of this Interconnection Agreement.
Fixed On-Going Charge Payment. The Connecting Transmission Owner will invoice and Interconnection Customer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Interconnection Agreement. For purposes of this Agreement, Gross Plant Investment shall mean the investment SERVICE AGREEMENT NO. 2576 from the plant account records associated with the Connecting Transmission Owner’s Interconnection Facilities for the Small Generating Facility. All payments due to be made by the Interconnection Customer shall be made within thirty (30) days after receiving an invoice from the Connecting Transmission Owner. The Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities shall be established in writing by the Connecting Transmission Owner no later than 90 days following commercial operation. Connecting Transmission Owner will ▇▇▇▇ Interconnection Customer for the O&M Expenses on a quarterly basis. The Annual Transmission On-Going Charge Factor shall be calculated annually each July based on the Connecting Transmission Owner’s most recent FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified in O&M Attachment 1 divided by the Total Gross Plant of the Connecting Transmission Owner. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b)(c) in O&M Attachment 1.
Fixed On-Going Charge Payment. National Grid will invoice and Developer shall pay an annual payment to National Grid equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Attachment Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. All payments due to be made by Developer shall be made within thirty (30) days after receiving an invoice from National Grid. The Project’s Gross Connecting Transmission Owner’s Attachment Facilities Plant Investment cost shall be established in writing by National Grid no later than 90 days following commercial operation. The Annual On-Going Charge Factor shall be calculated annually each July based on National Grid’s most recently filed FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified on O&M Attachment 1 divided by the Total Gross Plant of National Grid. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b) and (c) in O&M Attachment 1.
Fixed On-Going Charge Payment. The Connecting Transmission Owner will invoice and Interconnection Customer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. For purposes of this Agreement, Gross Plant Investment shall mean the investment from the plant account records associated with the Connecting Transmission Owner’s Interconnection Facilities for the Small Generating Facility. All payments due to be made by the Interconnection Customer shall be made within thirty (30) days after receiving an invoice from the Connecting Transmission Owner. Connecting Transmission Owner will bill Interconnection Customer for the O&M Expenses on a quarterly basis.
Fixed On-Going Charge Payment. Connecting Transmission Owner will invoice and Developer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner Attachment Facility and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. All payments due to be made by Developer shall be made within thirty
Fixed On-Going Charge Payment. The Connecting Transmission Owner will invoice and Interconnection Customer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. For purposes of this Agreement, Gross Plant Investment shall mean the investment from the plant account records associated with the Connecting Transmission Owner’s Interconnection Facilities for the Small Generating Facility. All payments due to be made by the Interconnection Customer shall be made within thirty (30) days after receiving an invoice from the Connecting Transmission Owner. Connecting Transmission Owner will bill Interconnection Customer for the O&M Expenses on a quarterly basis. The Project’s Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities shall be established in writing by the Connecting Transmission Owner no later than 90 days following commercial operation. The Annual Transmission On-Going Charge Factor shall be calculated annually each July based on the Connecting Transmission Owner’s most recent FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified in O&M Attachment 1 divided by the Total Gross Plant of the Connecting Transmission Owner. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b)(c) in O&M Attachment 1. Option 2: Actual Quarterly O&M Expenses The Interconnection Customer shall pay for all actual O&M Expenses incurred by the Connecting Transmission Owner, which expenses shall be billed by the Connecting Transmission Owner quarterly as accumulated during the quarter for which they were incurred. All payments due to be made by the Interconnection Customer shall be made within thirty (30) days after receiving an invoice from the Connecting Transmission Owner, which invoice shall be issued after the end of each quarter for the most recent quarter. Selection by Interconnection Customer The Interconnection Customer shall select which option for paying such O&M Expenses by providing written notice to the Connecting Transmission Owner within thirty (30) days after the Gross Connecting Transmission Owner’s Interconnection Facilities Plant Investment cost and the most recent Annual Transmission Ongoing Charge Factor have been provided to the Interconnection Customer. If the Interconnection ...
Fixed On-Going Charge Payment. The Connecting Transmission Owner will invoice and Interconnection Customer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Interconnection Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement.