Common use of Ownership and Maintenance Clause in Contracts

Ownership and Maintenance. Consistent with the Grandfathered IA, Con Edison shall own all facilities at the Jamaica Substation excluding the Interconnection Cable and 138-kV potheads. Con Edison shall operate and maintain all facilities at the Jamaica Substation, including the Interconnection Cable from the potheads at the Substation into the first manhole outside the Jamaica Substation. KIAC shall, during the term of this Agreement, reimburse Con Edison for the operation and maintenance expenses, including property taxes, for these facilities at the annual rate specified in Con Edison's PSC tariff for the purchase of electricity from on- site generators as such tariff may be amended, modified, or superseded from time-to- time. The annual amount due to Con Edison shall be determined by multiplying the applicable rate by the total capital costs of these facilities. Consistent with the Grandfathered IA, The Port Authority shall own the Interconnection Cable, from the potheads at the Jamaica Substation to the potheads at the Plant, and shall permit use of the Interconnection Cable by KIAC by separate agreement between the Port Authority and KIAC. KIAC, at its expense, shall be responsible for the operation and maintenance of the Interconnection Cable from the first manhole outside the Jamaica Substation to the Plant.

Ownership and Maintenance. Consistent with the Grandfathered IA, Con Edison shall own all facilities at the Jamaica Substation excluding the Interconnection Cable and 138-kV potheads. Con Edison shall operate and maintain all facilities at the Jamaica Substation, including the Interconnection Cable from the potheads at the Substation into the first manhole outside the Jamaica Substation. KIAC shall, during the term of this Agreement, reimburse Con Edison for the operation and maintenance expenses, including property taxes, for these facilities at the annual rate specified in Con Edison's PSC tariff for the purchase of electricity from on- on-site generators as such tariff may be amended, modified, or superseded from time-to- to-time. The annual amount due to Con Edison shall be determined by multiplying the applicable rate by the total capital costs of these facilities. Consistent with the Grandfathered IA, The Port Authority shall own the Interconnection Cable, from the potheads at the Jamaica Substation to the potheads at the Plant, and shall permit use of the Interconnection Cable by KIAC by separate agreement between the Port Authority and KIAC. KIAC, at its expense, shall be responsible for the operation and maintenance of the Interconnection Cable from the first manhole outside the Jamaica Substation to the Plant.