Plant Scherer definition

Plant Scherer. Xxxxx Wansely" and collectixxxx xxe "Exchange Property"). Such acquisition was in the form of three separate but identical long term leases for Plant Scherer, and two separate but identicax xxxx term leases for Plant Wansley (each a "Head Lease" and collexxxxxxx the "Head Lease") with a term that extends for a period in excess of ---------------------- Footnote 1: For purposes of this report, the undivided interest refers to an interest that entitles/obligates its holder to a) a specified percentage of a particular facility's output, including sharing pro rata in that facility's excess or deficiency in production, b) share on a pro rata basis in all of the facility's operating and maintenance costs, c) participate in the facility's operating decisions, and d) be severally (not jointly) liable for their pro rata portion of any debt secured by the facility. 125% of the remaining economic useful life of the Exchange Property, as determined by independent appraisal. You have asked us to assume that the remaining useful life of Plant Scherer and Plant Wansley is 49 years xxx 00 years, respxxxxxxxy. Thus, each Head Lease will extend for a period of 61.25 years for Plant Scherer and for 56.25 years for Plant Xxxxxxx. The Qualified Intermediary, xx xxx direction of UII, will prepay the long term Head Lease for an amount equal to the full appraised fair market value of the Exchange Property. Legal title to the Exchange Property does not transfer to UII or the Qualified Intermediary at the time of the acquisition. Rather, legal title will transfer at the end, or early termination, of the leaseback period (discussed below) in the event that MEAG does not exercise its purchase option pursuant to the leaseback. You have asked us to assume that for federal income tax purposes the requisite benefits and burdens of ownership of the Exchange Property have passed to UII pursuant to the Head Lease and, as a result, it will be deemed to be the owner of the Exchange Property. UII will immediately transfer the long-term leasehold interest in the Exchange Property to five separate bankruptcy remote limited liability companies (collectively the "LLC") established by UII, thereby completing the like-kind exchange. The transfer of the long-term leasehold interest will be a capital contribution for financial reporting purposes. The sole member of the LLC will be UII. You have asked us to assume that the LLC is treated as a transparent entity for federal income tax purposes.
Sample 1

Examples of Plant Scherer in a sentence

  • The coal price forecast for SJRPP and Plant Scherer assumes the continuation of the existing mine-mouth and transportation contracts until expiration, along with the purchase of spot coal, to meet generation requirements.

  • The balance of the annual salary is computed by calculating the number of days worked (including sick and personal days, and paid holidays, if applicable) multiplied by the daily salary rate (annual base salary divided by 230) and then subtracting the year-to-date pay from the last payroll.

  • Further charges related to Plant Scherer Unit 3 are not expected to occur.

  • Net income for the year ended December 31, 2017 includes a $32.5 million write-down ($20 million after tax) of Gulf Power’s ownership of Plant Scherer Unit 3 as the result of a retail rate case settlement.

  • Coal statistics for Plant Scherer are reported in BTUs and $ only.

  • As Mr. Hutson details, the ash ponds at Plant Wansley, Plant Scherer, and Plant Hammond are each on the 100-year flood plain.

  • As of February 29, 2020, our coal stockpile at Plant Scherer contained a 67-day supply based on continuous operation.

  • Georgia Power appears to recognize these risks … to its closure plan for Plant Scherer AP-1.

  • Plant Scherer burns sub-bituminous coal purchased from coal mines in the Powder River Basin in Wyoming.

  • Plant Scherer is a steam-electric generating plant located near Forsyth, Georgia.

Related to Plant Scherer

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