Examples of O&M Expenses in a sentence
The Interconnection Customer shall have the option to pay such O&M Expenses either under the procedure described in Option 1 or in Option 2 below.
If the Developer fails to provide timely notice to the Connecting Transmission Owner of the option selected, the Developer will be deemed to have selected Option 2: Quarterly Actual O&M Expenses.
Developer shall select which option for paying O&M Expenses by providing written notice to the Connecting Transmission Owner within thirty (30) days after receiving from the Connecting Transmission Owner the Gross Connecting Transmission Owner’s Attachment Facilities Plant Investment cost and the most recent Annual Transmission Ongoing Charge Factor.
If Developer fails to provide timely notice to National Grid of the option selected, Developer will be deemed to have selected Option 2: Annual Actual O&M Expenses.
Developer shall have the option to pay the O&M Expenses for which it is responsible under Section 10.5 of this Agreement by following either the procedure described in Option 1 or the procedure described in Option 2 below.