Common use of Timing and Scope Clause in Contracts

Timing and Scope. (a) No later than June 1, 2017 the OPA will initiate a mid-term review (the “Mid-Term Review”) of: (i) the 7 TWh target specified in the Ministry of Energy’s direction referred to in Recital C to this Agreement; (ii) allocation of budgets and distribution companies CDM targets; (iii) lessons learned on cost recovery and performance incentive mechanisms; and (iv) CDM contribution to regional planning. (b) As part of the Mid-Term Review, the OPA will review: (i) the Eligible Expenses to date as compared to the CDM Plan Budget; (ii) the LDC’s progress to the CDM Plan Target based on verified and reported electricity savings for 2015 to 2017; and (iii) the achievable potential study conducted under section 2.6. (c) As part of the Mid-Term Review, where the CDM Plan identifies a target gap, the LDC will resubmit the CDM Plan in accordance with the CDM Plan Submission and Review Criteria Rules (and other Rules, as may be applicable) to indicate how its full CDM Plan Target could be achieved.

Timing and Scope. (a) No later than June 1, 2017 the OPA IESO will initiate a mid-term review (the “Mid-Term Review”) of: (i) the 7 TWh target specified in the Ministry of Energy’s direction referred to in Recital C to this Agreement; (ii) allocation of budgets and distribution companies CDM targets; (iii) lessons learned on cost recovery and performance incentive mechanisms; and (iv) CDM contribution to regional planning. (b) As part of the Mid-Term Review, the OPA IESO will review: (i) the Eligible Expenses to date as compared to the CDM Plan Budget; (ii) the LDC’s progress to the CDM Plan Target based on verified and reported electricity savings for 2015 to 2017; and (iii) the achievable potential study conducted under section 2.6. (c) As part of the Mid-Term Review, where the CDM Plan identifies a target gap, the LDC will resubmit the CDM Plan in accordance with the CDM Plan Submission and Review Criteria Rules (and other Rules, as may be applicable) to indicate how its full CDM Plan Target could be achieved.