Utility Regulation definition

Utility Regulation means any law, regulation or rule of the Federal ------------------ government, any state, or any agency or political subdivision of the foregoing which is applicable to an entity by virtue of (i) such entity's ownership or operation of assets used for the generation, transmission, distribution or sale of electric energy, (ii) such entity's transportation of natural or manufactured gas, gasoline, oil, or similar fuels, steam, chilled water or other products resulting in regulation similar to that imposed on the foregoing, (iii) such entity's engaging in the sale or provision of electric energy, natural gas or similar fuels, steam, water, chilled water, or telephone or other public utility services; provided -------- that, such term shall not include laws, regulations or rules of general applicability with respect to protection of the environment, hazardous waste, or public health or safety.
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Utility Regulation means any law, regulation or rule of the Federal government, any state, or any agency or political subdivision of the foregoing which is applicable to an entity by virtue of (i) such entity's ownership or operation of assets used for the generation, transmission, distribution or sale of electric energy, (ii) such entity's transportation of natural or manufactured gas, gasoline, oil, or similar fuels, steam, chilled water or other products resulting in regulation similar to that imposed on the foregoing, (iii) such entity's engaging in the sale or provision of electric energy, natural gas or similar fuels, steam, water, chilled water, or telephone or other public utility services; provided that, such term shall not include laws, regulations or rules of general applicability with respect to protection of the environment, hazardous waste, or public health or safety. "Utility Spin-Off" shall mean individually and collectively, any transfers, Investments, Indebtedness, Dividends, and other transactions to the extent substantially consistent with the transactions described in the attached Annex B (which summarizes the material provisions of the filed Plan of Reorganization, dated April 19, 2002 (without giving effect to any subsequent amendment or modification, the "PGE Plan"), proposed by PGE Utility in connection with its bankruptcy proceeding) and undertaken pursuant to a confirmed plan of reorganization of PGE Utility under Chapter 11 of the Bankruptcy Code. In connection with the consummation of the Utility Spin- Off, (a) PGE Utility has formed a new corporation ("Newco"), to which shall be transferred the common stock of the Reorganization Subsidiaries, (b) PGE Utility will dividend the common stock of Newco to the Borrower (the "Newco Spin") and (c) the Borrower will dividend the common stock of PGE Utility to the stockholders of the Borrower (collectively, the "PGE Spin"). "Voluntary Make-Whole Amount" shall mean, in respect of any optional prepayment on any Payment Date, pursuant to Section 3.1 of the Credit Agreement, of the Tranche B Loan on or before October 1, 2003, an amount equal to the discounted present value on such Payment Date of sum of (a) 2.50% of the principal amount of such prepayment plus (b) the aggregate amount of interest that would accrue on the principal amount of such prepayment from such Payment Date to October 1, 2003 pursuant to Section 2.5 of the Credit Agreement (including, without limitation, pay-in-kind interest accruing pur...
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Examples of Utility Regulation in a sentence

  • This Memorandum of Understanding (the Memorandum) documents the agreement between the Northern Ireland Authority for Utility Regulation (the Regulator) and the Department for Regional Development (the Department) with regard to their functions set out in the Water and Sewerage Services (Northern Ireland) Order 2006 (the Order) for regulating water and sewerage service undertakers.

  • Glossary Authority means the Northern Ireland Authority for Utility Regulation, which regulates the electricity industry.

  • The Borrower will not take any actions or allow any of its Subsidiaries to take any action which would materially violate any applicable Utility Regulations or order issued pursuant thereto; provided that, the foregoing shall not prevent the Borrower or a Subsidiary from challenging the validity or effect of any Utility Regulation or order in any proceeding provided the manner of such challenge could not reasonably be expected to cause a Material Adverse Effect.

  • SONI will use reasonable endeavours to give users notice of changes to the Statement, nonetheless use of system charges are subject to change without notice following revision of the Statement and its approval by the Northern Ireland Authority for Utility Regulation.

  • The purpose of this Supply Meter Point Objection Code (SMP Objection Code) agreed by Users of the Natural Gas networks in Northern Ireland and approved by the Northern Ireland Authority for Utility Regulation, is to facilitate the smooth transfer of customers from one supplier to another.

  • Director General (DG) The holder of the Office of the Director General of Utility Regulation established by Part 1 of the Regulation of Utilities (Bailiwick of Guernsey) Law, 2001.

  • Sectoral regulators such as the Northern Ireland Authority for Utility Regulation (NIAUR) may exercise the competition law powers to enforce the prohibitions on anti-competitive agreements and on abuse of a dominant position, and to make market investigation references, concurrently with the CMA in those sectors for which they have responsibility.

  • Authority means the Northern Ireland Authority for Utility Regulation, which regulates the electricity industry.

  • The Borrower will not take any actions or --------------------- allow any of its Subsidiaries to take any action which would materially violate any applicable Utility Regulations or order issued pursuant thereto; provided -------- that, the foregoing shall not prevent the Borrower or a Subsidiary from ---- challenging the validity or effect of any Utility Regulation or order in any proceeding provided the manner of such challenge could not reasonably be expected to cause a Material Adverse Effect.

  • A copy of the notice shall be forwarded contemporaneously to the Commission’s Division of Public Utility Regulation via electronic mail or overnight delivery.