Regional Act definition
Examples of Regional Act in a sentence
In the BPA report on PP&L’s ASC filing, dated December 27, 1982, BPA noted that: BPA has an express duty to comply with Section 5(c)(7)(C) of the Regional Act.
This allows the utility to suspend the effects of the exchange arrangement when it would result in detriment while still preserving the “long-term” contract requirement of the Regional Act.
During the period of any such election, any portion of the costs for terminated resources associated with section 7(g) of the Regional Act included in the Exhibit A rate which would have been charged to the Utility shall be payable by the utility by means of a surcharge to the Utility’s power sales contract payments pursuant to section 5(b) of the Regional Act or, if the Utility is not party to such a contract, monthly in cash as accrued.
Specifically, Avista could suspend or terminate its agreement only if “the supplemental rate charge provided for in section 7(b)(3) of the Regional Act is applied by Bonneville and the cost of electric power sold to the Utility under section 3 of this agreement exceeds the ASC of the power sold to Bonneville under section 2.” RPSA at § 9.
Applying reasonable accounting classifications, the BPA logically determined that return on capital incorporates certain costs that are not resource costs within the meaning of the Regional Act.