Prudent Utility definition

Prudent Utility. Practices shall mean the practices, methods and standards that are generally accepted internationally from time to time by electric utilities for the purpose of ensuring the safe, efficient and economic design, construction, commissioning, operation and maintenance of power generation equipment and which practices, methods and standards shall be adjusted as necessary, to take account of: a) operation and maintenance guidelines recommended by the manufacturers of the plant and equipment to be incorporated in the Power Project; b) The requirements of Indian Law; and the physical conditions at the site of the Power Project Rebate Shall have the same meaning as ascribed thereto in article 11.5

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Prudent Utility. Practices – Those practices, methods and procedures conforming to safety and legal requirements which are attained by exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced Solar PV Plant of electricity engaged in the same or a similar type of undertaking or activity under the same or similar circumstances and conditions to those pertaining in Kosovo and satisfying the health, safety and environmental standards of reputable international electric generation companies. Prudent Utility Practices are not limited to optimum practices, methods or acts to the exclusion of all others, but rather, where not expressly catered for in the Relevant Codes, are a spectrum of possible practices, methods and acts which could have been expected to accomplish the desired result at reasonable cost consistent with reliability and safety applicable with reference to wind or hydro powered projects (including their safe and reliable integration in weak grid systems).

Prudent Utility. Means the practices generally followed by the electric utility industry in the United States and Puerto Rico, as changed from time to time, which generally include, but are not limited to, engineering and operating considerations.

Examples of Prudent Utility in a sentence

The Power Producer shall obtain and maintain necessary policies of insurance during the Term of this Agreement consistent with Prudent Utility Practice.
In performing its obligations under this Confirmation Agreement, Seller agrees to conduct its power supply operations consistent with Prudent Utility Practice.
The Company shall obtain and maintain necessary policies of insurance during the Term of this Agreement consistent with Prudent Utility Practice.
Prudent Utility Practice is not intended to be limited to the optimum practice, method, or act to the exclusion of all others, but rather to be acceptable practices, methods, or acts generally accepted in the region.
Seller shall construct, interconnect, operate, and maintain the Facility in accordance with Prudent Utility Practice.
PG&E will schedule Seller’ project using Prudent Utility Practices and Seller shall employ Prudent Utility Practices and exercise reasonable efforts to operate and maintain its project.
The TSP shall further inform about, the nature of the work to be carried out, the estimated time required to complete it and the latest time by which in its opinion the work should begin consistent with the Prudent Utility Practices.
Seller shall, at its expense, maintain throughout the Agreement Term an inventory of spare parts for the Facility in a quantity that is consistent with Prudent Utility Practice.
Seller shall devise and implement a plan of inspection, maintenance, and repair for the Facility and the components thereof in order to maintain such equipment in accordance with Prudent Utility Practices, and shall keep records with respect to inspections, maintenance, and repairs thereto.
Without limiting the foregoing, Seller shall promptly repair and/or replace, consistent with Prudent Utility Practice, any component of the Facility that may be damaged or destroyed or otherwise not operating properly and efficiently.

More Definitions of Prudent Utility

Prudent Utility. Practices shall mean those practices, methods, acts, techniques, standards and equipment, as changed from time to time, that are then generally accepted by the electric utility industry and commonly used in prudent electric utility engineering and operations to operate and maintain equipment lawfully, safely, dependably and economically, and as would have been (i) expected to accomplish the desired result in a manner consistent with applicable laws, applicable governmental permits, reliability, safety, environmental protection, economy and expediency and (ii) implemented using that degree of skill, diligence and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator complying with all applicable laws and engaged in the same type of undertaking, including, without limitation, those established by the North American Electric Reliability Council, as applicable to units of the size and service of the Facility. PSE&G shall mean Public Service Electric & Gas Company, a corporation organized under the laws of the State of New Jersey. Published Price shall mean (i) with respect to Parts, the published prices provided by Operator's or any of its Affiliates' parts centers and/or available through Operator's or any of its Affiliates' computerized pricing systems, or if at any time during the term of this Agreement Operator and its Affiliates do not have such published prices for any Parts, then the normal and customary charges that are paid by Operator's and its Affiliates' other customers for such Parts in the United States and (ii) with respect to Services and/or Repairs, the published prices or rates that Operator or any of its Affiliates' charge for such Services and/or Repairs, or if at any time during the term of this Agreement Operator and its Affiliates do not have published prices or rates for any Services and/or Repairs, then the normal and customary charges that are paid by Operator's and its Affiliates' other customers for such Services and/or Repairs in the United States. PURPA shall mean the Public Utility Regulatory Policies Act of 1978 (U.S.C.A., Title 16, Section 824a-3, subsection 6)), as amended, a law of the United States of America. Qualifying Cogeneration Facility shall have the meaning set forth in PURPA. Rated Capacity shall have the meaning set forth in Section 6.1(b) hereof. Regional Office shall mean the office established by Operator at a location designated by Owner for the sole purpose (and no...

Prudent Utility. Practices means the exercise of that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances or conditions, and in so doing in the general conduct of its undertaking seeking, in good faith, to perform its contractual obligation and complying with applicable laws.