DP Cost definition
Examples of DP Cost in a sentence
First Gas will determine the provisional fees using the then-current Regulatory Settings and First Gas’ estimate of its cost to design, build, operate and maintain the Additional Delivery Point (Estimated DP Cost).
In the circumstances described in section 14.7, First Gas will consult the Interconnected Party to determine whether it considers there is any reasonable likelihood of demand for transmission services being sufficient to generate DNC Charges at least equal to First Gas’ reasonable estimate of the future average annual operating and maintenance costs of that Delivery Point (Ongoing DP Cost).
If the Interconnected Party is unaware of any such future demand, and either does not require the Delivery Point to be kept open or is unwilling to pay the fee determined by First Gas to cover the Ongoing DP Cost, First Gas may close the Delivery Point down on the expiry of 20 Business Days’ notice and terminate this Agreement in respect of that Delivery Point accordingly.
With effect from the first Reset Date after the Commencement Date, and from every subsequent Reset Date until the Expiry Date, First Gas will re-determine the Interconnection Fees and Termination Fees for each Year remaining until the Expiry Date using the then-current Regulatory Settings and the Actual DP Cost (the new fees to be effective from each Reset Date), and notify the Interconnected Party of those new fees in writing.
In the circumstances described in section 14.76, First Gas will consult the Interconnected Party to ascertain whether the determine whether it considers there is any reasonable likelihood of future Gas demand for transmission services being sufficient to generate DNC Charges at least equal to First Gas’ reasonable estimate of the future average annual operating and maintenance costs of that Delivery Point (Ongoing DP Cost).
If the Interconnected Party is unaware of any such future demand, and either no longer does not requires the Delivery Point to be kept open or is unwilling to pay the fee determined by First Gas to cover the Ongoing DP Cost (including any necessary upgrade costs), First Gas may close the Delivery Point down on the expiry of 20 Business Days’ notice and terminate this Agreement in respect of that Delivery Point accordingly.
Subject to sections 11.6 and 11.7, approximately 4 Months after the Gas-On Date, First Gas shall determine confirmed Interconnection and Termination Fees for each Year until the Expiry Date using the then-current Regulatory Settings and its actual cost to design, build, operate and maintain the Additional Delivery Point (Actual DP Cost).
First Gas will determine those provisional fees using the then-current Regulatory Settings and First Gas’ reasonable estimate of the cost to First Gas to design, build, operate and maintain that Additional Delivery Point (Estimated DP Cost).
In the circumstances described in section 14.6, First Gas will consult the Interconnected Party to ascertain whether the likelihood of future Gas demand being sufficient to generate DNC Charges at least equal to First Gas’ reasonable estimate of the future average annual operating and maintenance costs of that Delivery Point (Ongoing DP Cost).
With effect from the first Reset Date after the Commencement Date and every subsequent Reset Date until the Expiry Date, First Gas will re-determine the Interconnection Fees and Termination Fees for each Year remaining until the Expiry Date using the then-current Regulatory Settings and the Actual DP Cost (the new fees to be effective from each Reset Date), and notify the Interconnected Party of those new fees in writing.