BHUH definition
Examples of BHUH in a sentence
On or before November 1 of each year, each Utility shall provide BHUH with its Hedge Target for each remaining year in the Term.
If the Accounting Monitor concludes that BHUH’s calculations were not accurate and BHUH and the Accounting Monitor cannot agree on the appropriate change, then each Utility shall refer the Accounting Monitor’s proposed adjustment to its PUC for resolution.
For the twenty (20) years following the First Acquisition Date, BHUH shall cause COSGCO to acquire interests, or the right to earn interests through drilling, in one or more properties and to develop each Property in accordance with its Drilling Plan to increase and maintain COSGCO Gas production up to the Utilities’ aggregate Hedge Target subject to the processes and PUC oversight described in this ARTICLE 4 and to the extent commercially feasible.
Addresses for all such notices and communication shall be as follows: To BHUH: Black Hills Utility Holdings, Inc.
Within ten (10) calendar days following receipt of all the information described in Section 4.2, the Hydrocarbon Monitor shall issue a written report to BHUH, the Utilities, and the PUCs regarding whether the proposed acquisition satisfies the Acquisition Criteria.
BHUH may seek approval for an updated Drilling Plan for any Property at any other time by providing the Hydrocarbon Monitor with the information described in Section 4.2(iii)-(xiv) for the Property, the Utilities’ aggregate Hedge Target for each remaining year in the twenty (20) year period following the First Acquisition Date, and an updated Drilling Plan the Property for such period.
If the Hydrocarbon Monitor determines that the proposed acquisition does not satisfy the Acquisition Criteria, then the proposed acquisition shall not be deemed a Property under this COSG Agreement, provided such a determination shall not preclude BHUH from subsequently seeking approval under this Section 4.3 for the same proposed acquisition.
Within ten (10) calendar days following receipt of said information, the Hydrocarbon Monitor shall issue a written report to BHUH, the Utilities, and the PUCs regarding whether the updated Drilling Plan(s) satisfies the Drilling Plan Criterion.
If BHUH is rendered unable, wholly or in part, by a Force Majeure Event to carry out its obligations under this COSG Agreement, other than the obligations to make monetary payments, or if a Force Majeure Event renders COSGCO unable, wholly or in part, to perform BHUH’s directives, then BHUH shall give the Utilities prompt written notice describing the Force Majeure Event in reasonable detail.
The Monitors and the PUCs shall each not disclose to any third party any information or other communications to or from BHUH, COSGCO, one or both of the Monitors, or any PUC(s) without the prior written consent of BHUH and the PUCs.