Operation, Maintenance and Testing Costs. The Company will xxxx the Seller monthly and the Seller will, within 30 Days after the billing date, reimburse the Company for any costs incurred in operating, maintaining or testing the Company-Owned Interconnection Facilities, to the extent such costs are not included in or are not appropriate for inclusion in the Company’s base rates. The Company's costs will be determined on the basis of outside service costs, direct labor costs, material costs, transportation costs, applicable overheads at time incurred and applicable taxes. Applicable overheads will include such costs as vacation, payroll taxes, non-productive wages, supervision, tools expense, employee benefits, engineering administration, corporate administration, and materials handling. Applicable taxes will include the Public Service Company Tax, and Public Utility Fee.
Operation, Maintenance and Testing Costs. The Company will bill the Customer-Generator monthly and the Customer-Generator will, within
Operation, Maintenance and Testing Costs. The Company will xxxx the Seller monthly and the Seller will, within 30 Days after the billing date, reimburse the Company for any costs incurred in operating, maintaining or testing the Company-Owned Interconnection Facilities, to the extent such costs are not included in or are not appropriate for inclusion in the Company’s base rates. The Company's costs will be determined on the basis of outside service costs, direct labor costs, material costs, transportation costs, applicable overheads at time incurred and applicable taxes. Applicable overheads will include such costs as vacation, payroll taxes, non-productive wages, supervision, tools expense, employee benefits, engineering administration, corporate administration, and materials handling. Applicable taxes will include the Public Service Company Tax, and Public Utility Fee. SHEET NO. 79AP Effective October 22, 2010 APPENDIX B-2 COMPANY OWNED INTERCONNECTION FACILITES (Continued)
Operation, Maintenance and Testing Costs. The Company will xxxx the Subscriber Organization monthly and the Subscriber Organization will, within 30 days after the billing date, reimburse the Company for any costs incurred in operating, maintaining or testing the Company Interconnection Facilities. The Company's costs will be determined on the basis of outside service costs, direct labor costs, material costs, transportation costs, applicable overheads at time incurred and applicable taxes. Applicable overheads will include such costs as vacation, payroll taxes, non-productive wages, supervision, tools expense, employee benefits, engineering administration, corporate administration, and materials handling. Applicable taxes will include the Public Service Company Tax, and Public Utility Fee. EXHIBIT D FORM OF LETTER OF CREDIT [Bank Letterhead] [Date] Beneficiary: [Hawaiian Electric Company, HELCO or MECO, as appropriate] [Address] [Bank's Name] [Bank's Address] Re: [Irrevocable Standby Letter of Credit Number] Ladies and Gentlemen: We hereby establish, in your favor, our irrevocable standby Letter of Credit Number _____ (this "Letter of Credit") for the account of [Applicant's Name] and [Applicant's Address] in the initial amount of $__________ [dollar value] and authorize you, Hawaiian Electric Company [HELCO or MECO, as appropriate] ("Beneficiary"), to draw at sight on [Bank's Name]. Subject to the terms and conditions hereof, this Letter of Credit secures [Project Entity Name]'s certain obligations to Beneficiary under the Community-Based Renewable Energy Program Interconnection Agreement dated as of ____________ between [Project Entity Name] and Beneficiary. This Letter of Credit is issued with respect to the following obligations:_______. This Letter of Credit may be drawn upon under the terms and conditions set forth herein. Partial draws of this Letter of Credit are permitted. This Letter of Credit is not transferable. Drafts on us at sight shall be accompanied by a Beneficiary's signed statement signed by a representative of Beneficiary substantially as follows: The undersigned hereby certifies that (i) I am duly authorized to execute this document on behalf of Hawaiian Electric Company [HELCO or MECO, as appropriate], and [(ii) the amount of the draft accompanying this certification is due and owing to Hawaiian Electric Company [or HELCO or MECO, as appropriate] under the terms of the Interconnection Agreement dated as of ____________, between _____________, and Hawaiian Electric Company [o...
