Third Party Transfers. By execution of this Agreement, MGE --------------------- hereby votes in favor of, and agrees to otherwise reasonably facilitate, but not to financially support, any decision made by the majority of the Nuclear Plant's Operating Committee with respect to the transfer of operational responsibilities or title to the Nuclear Plant to a nuclear operating company and/or generating company, provided that the proposed operator or owner agrees to operate the Nuclear Plant, at a minimum, according to the standards set forth in the JPSA pursuant to which the Nuclear Plant is currently operated with respect to cost and reliability and, for a nuclear generating company, under terms that are at least as beneficial to MGE as the terms of this Agreement, and provided further that WPSC shall nevertheless remain liable for all of its obligations under this Agreement.
Appears in 2 contracts
Sources: Settlement and Ownership Transfer Agreement (Wisconsin Public Service Corp), Settlement and Ownership Transfer Agreement (WPS Resources Corp)