Examples of MPSC in a sentence
Notwithstanding the above, should Buyer fail to receive verification of its determination of an Exempt Operational Period from the MPSC as described in 18 CFR § 292.304(f)(4), if applicable, then such determination shall be deemed to be a Compensated Curtailment and Buyer shall be obligated to make such payments for all electric energy which Seller had available at the Plant, whether or not delivery of such electric energy was suspended due to Buyer’s notification to Seller under 18 CFR § 292.304(f)(4).
Any such adjustment shall be effective no earlier than the date of such MPSC order.
The foregoing submission shall specifically request MPSC approval of cost recovery of all payments set forth in this Agreement, as well as approval of the portion of such payments that is recovered as a booked cost of purchased and net interchanged power pursuant to 1982 Public Act 304, as amended.
Within thirty (30) days of the Effective Date, Buyer shall submit this Agreement to the MPSC for approval of the capacity and energy payments set out herein for the purposes of Michigan Public Act 304 of 1982, as amended (“Act 304”), Michigan Public Act 81 of 1987, as amended (“Act 81”), and all other applicable law.
If the MPSC has ruled in an order that Xxxxx will not be permitted complete recovery from its customers of the capacity and energy charges to be paid pursuant to Section 7, Compensation, then Buyer shall have the right to require that the charges to be paid by Buyer under Section 7 be adjusted to the charges which the MPSC indicates Buyer can recover from its customers.