Pre-COD Expenses definition

Pre-COD Expenses mean all costs and expenses that are (a) incurred by Owner in connection with the Northern Pass Transmission Line and the AC Upgrades before the Commercial Operation Date and not included in FERC Account No. 107 – Construction Work in Progress (including the AC Upgrade Costs associated with AC Upgrades that are placed-in-service before the Commercial Operation Date and are included in the regulatory asset described in Section 8.1.2(e), but excluding costs and expenses associated with the drafting and negotiation of this Agreement) and (b) recoverable under the Formula Rate in accordance with Article 8.
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Examples of Pre-COD Expenses in a sentence

  • Pre-COD Expenses will equal the total amortization expense related to those costs incurred by Owner before the Commercial Operation Date that are not included in FERC Account No. 107 – Construction Work in Progress (including the costs associated with AC Upgrades that are placed in service before the Commercial Operation Date), plus the Carrying Charges on these amounts from the date such costs are incurred until the Commercial Operation Date, as recorded in the appropriate FERC Account.

  • Such Construction Costs and Pre-COD Expenses shall include costs and expenses that are (A) incurred by Owner before the Commercial Operation Date to maintain the Northern Pass Transmission Line in good operating condition pending resolution of such Dispute and (B) recoverable under the Formula Rate in accordance with Article 8.

  • Pre-COD Expenses will equal Owner’s balance of Regulatory Asset – Pre-COD Expenses.

  • Regardless of the resolution of such Dispute, but subject to the limitations provided in Section 4.3.1(a), for purposes of cost recovery under Section 8.1.2, Owner shall have the right to continue to accrue AFUDC on the Construction Costs and Carrying Charges on the Pre-COD Expenses for the period of time pending resolution of such Dispute and until the Commercial Operation Date.

  • Pre-COD Expenses will equal Owner’s amortization expense associated with those costs recorded to the Regulatory Asset – Pre-COD Expenses account.

  • Pre-COD Expenses will equal Owner's amortization expense associated with those costs recorded to the Regulatory Asset – Pre-COD Expenses account.

  • Regardless of the resolution of such Dispute, but subject to the limitations provided in Section 4.3.1(a) , for purposes of cost recovery under Section 8.1.2, Owner shall have the right to continue to accrue AFUDC on the Construction Costs and Carrying Charges on the Pre-COD Expenses for the period of time pending resolution of such Dispute and until the Commercial Operation Date.