O&M EXPENSES FOR INTERCONNECTION FACILITES Sample Clauses

O&M EXPENSES FOR INTERCONNECTION FACILITES. The Interconnecting Customer shall be responsible for operation and maintenance (“O&M”) expenses, property taxes, and insurance costs associated with the Connecting Transmission Owner’s Interconnection Facilities in accordance with Article 4.1 of the Agreement. Such payment will be predicated on the O&M, Property Tax, and Property Insurance rates calculated using data included in the Connecting Transmission Owner’s most recent annual report to the Federal Energy Regulatory Commission or such other sources as the parties may agree upon. Such rates shall be subject to annual modification effective July 1 of each calendar year. The O&M expenses will be based on the final actual installation costs. O&M The Interconnection Customer shall pay for O&M expenses each month during the term of this Agreement an amount equal to 1/12 of the product of 2.86% and the actual total cost of the Connecting Transmission Owner’s Interconnection Facilities. This cost is calculated as follows: Average Electric Transmission Plant in Service - $396,203,666 Total Transmission O&M Expense - $ 11,312,130 O&M as a % of Gross Plant - $11,312,130 / $396,203,666 = 2.86% Property Tax Estimated Monthly O&M calculation: 1/12 x O&M rate x Total CTOIF 1/12 x 0.0286 x $1,118,000 (to be adjusted by final actual costs) Estimated Monthly O&M payment = $2,660.03 The Interconnection Customer shall pay for property taxes each month during the term of this Agreement an amount equal to 1/12 of the product of 2.69% and the actual total cost of the Connecting Transmission Owner’s Interconnection Facilities. This cost is calculated as follows: Average Electric Plant in Service - $1,488,140,443 Total Property Tax Expense - $39,973,906 CTOIF 1,325,000 Estimated Property Tax Rate - 2.69% 2-4 SERVICE AGREEMENT NO. 2547 Estimated Monthly Property Tax calculation: 1/12 x Property Tax Rate x Total CTOIF 1/12 x 0.0269 x $1,118,000 (to be adjusted by final actual costs) Estimated Monthly Property Tax payment = $2,502.61 Property Insurance The Interconnection Customer shall pay for property insurance each month during the term of this Agreement an amount equal to 1/12 of the product of 0.18% and the actual total cost of the Connecting Transmission Owner’s Interconnection Facilities. This cost is calculated as follows: Average Electric Station & Structures Plant in Service - $341,716,752 Total Insurance Expense - $ 630,532 Property Insurance as a % of Gross Plant $630,532 / $341,716,752 = 0.18% Estimated Monthly Pr...
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
O&M EXPENSES FOR INTERCONNECTION FACILITES. NYPA shall be responsible for the Operating and Maintenance (“O&M”) Expenses associated with the Interconnection Facilities, as provided in Section 4.1 of this Agreement. SERVICE AGREEMENT NO. 2648 Attachment 3 Figure 1 One-line Diagram Depicting the Small Generating Facility, Interconnection Facilities, Metering Equipment, and Upgrades [CONTAINS CEII - THIS PAGE REMOVED FROM PUBLIC VERSION] SERVICE AGREEMENT NO. 2648 Attachment 4 Milestones In-Service Date: 03/22/2022 Critical milestones and responsibility as agreed to by the Parties: Milestone
Sample 1Sample 2Sample 3
O&M EXPENSES FOR INTERCONNECTION FACILITES. The Interconnecting Customer shall be responsible for operation and maintenance (“O&M”) expenses, property taxes, and insurance costs associated with the Connecting Transmission Owner’s Interconnection Facilities in accordance with Article 4.1 of the Agreement. Such payment will be predicated on the O&M, Property Tax, and Property Insurance rates calculated using data included in the Connecting Transmission Owner’s most recent annual report to the Federal Energy Regulatory Commission or such other sources as the parties may agree upon. Such rates shall be subject to annual modification effective July 1 of each calendar year. The O&M expenses will be based on the final actual installation costs. SERVICE AGREEMENT NO. 2548 O&M The Interconnection Customer shall pay for O&M expenses each month during the term of this Agreement an amount equal to 1/12 of the product of 2.86% and the actual total cost of the Connecting Transmission Owner’s Interconnection Facilities. This cost is calculated as follows: Average Electric Transmission Plant in Service - $396,203,666 Total Transmission O&M Expense - $ 11,312,130 O&M as a % of Gross Plant - $11,312,130 / $396,203,666 = 2.86% Estimated Monthly O&M calculation: 1/12 x O&M rate x Total CTOIF 1/12 x 0.0286 x $1,325,000 (to be adjusted by final actual costs) Estimated Monthly O&M payment = $3,152.54 Property Tax The Interconnection Customer shall pay for property taxes each month during the term of this Agreement an amount equal to 1/12 of the product of 2.69% and the actual total cost of the Connecting Transmission Owner’s Interconnection Facilities. This cost is calculated as follows: Average Electric Plant in Service - $1,488,140,443 Total Property Tax Expense - $39,973,906 CTOIF 1,325,000 Estimated Property Tax Rate - 2.69% Estimated Monthly Property Tax calculation: 1/12 x Property Tax Rate x Total CTOIF 1/12 x 0.0269 x $1,325,000 (to be adjusted by final actual costs) Estimated Monthly Property Tax payment = $2,965.97 Property Insurance The Interconnection Customer shall pay for property insurance each month during the term of this Agreement an amount equal to 1/12 of the product of 0.18% and the actual total cost of the Connecting Transmission Owner’s Interconnection Facilities. This cost is calculated as follows: SERVICE AGREEMENT NO. 2548 Average Electric Station & Structures Plant in Service - $341,716,752 Total Insurance Expense - $ 630,532 Property Insurance as a % of Gross Plant $630,532 / $341,716,752 = 0.1...
Sample 1

Related to O&M EXPENSES FOR INTERCONNECTION FACILITES

  • Interconnection Facilities 4.1.1 The Interconnection Customer shall pay for the cost of the Interconnection Facilities itemized in Attachment 2 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall provide a best estimate cost, including overheads, for the purchase and construction of its Interconnection Facilities and provide a detailed itemization of such costs. Costs associated with Interconnection Facilities may be shared with other entities that may benefit from such facilities by agreement of the Interconnection Customer, such other entities, the NYISO, and the Connecting Transmission Owner.

  • Participating TO’s Interconnection Facilities The Participating TO shall design, procure, construct, install, own and/or control the Participating TO’s Interconnection Facilities described in Appendix A at the sole expense of the Interconnection Customer. Unless the Participating TO elects to fund the capital for the Participating TO’s Interconnection Facilities, they shall be solely funded by the Interconnection Customer.

  • Cost Responsibility for Interconnection Facilities and Distribution Upgrades 4.1 Interconnection Facilities 4.2 Distribution Upgrades

  • Interconnection Customer’s Interconnection Facilities The Interconnection Customer shall design, procure, construct, install, own and/or control the Interconnection Customer’s Interconnection Facilities described in Appendix A at its sole expense.

  • Interconnection Facility Options The Intercarrier Compensation provisions of this Agreement shall apply to the exchange of Exchange Service (EAS/Local) traffic between CLEC's network and Qwest's network. Where either Party acts as an IntraLATA Toll provider, each Party shall xxxx the other the appropriate charges pursuant to its respective tariff or price lists. Where either Party interconnects and delivers traffic to the other from third parties, each Party shall xxxx such third parties the appropriate charges pursuant to its respective tariffs, price lists or contractual offerings for such third party terminations. Absent a separately negotiated agreement to the contrary, the Parties will directly exchange traffic between their respective networks without the use of third party transit providers.

  • Purpose of Interconnection Facilities Except as may be required by Applicable Laws and Regulations, or as otherwise agreed to among the Parties, the Interconnection Facilities shall be constructed for the sole purpose of interconnecting the Large Generating Facility to the Participating TO’s Transmission System and shall be used for no other purpose.

  • Two-Way Interconnection Trunks 2.4.1 Where the Parties have agreed to use Two-Way Interconnection Trunks for the exchange of traffic between Verizon and ICG, ICG shall order from Verizon, and Verizon shall provide, the Two-Way Interconnection Trunks, and the Entrance Facility on which such Trunks will ride, and transport and multiplexing, in accordance with the rates, terms and conditions set forth in this Agreement and Verizon’s applicable Tariffs.

  • One-Way Interconnection Trunks 2.3.1 Where the Parties use One-Way Interconnection Trunks for the delivery of traffic from CBB to Verizon, CBB, at CBB’s own expense, shall:

  • Initiating Interconnection 4.1 If CBB determines to offer Telephone Exchange Services and to interconnect with Verizon in any LATA in which Verizon also offers Telephone Exchange Services and in which the Parties are not already interconnected pursuant to this Agreement, CBB shall provide written notice to Verizon of the need to establish Interconnection in such LATA pursuant to this Agreement.

  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.

Time is Money Join Law Insider Premium to draft better contracts faster.