VELCO definition

VELCO means Vermont Electric Power Company, Inc.

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VELCO means Vermont Electric Power Company, Inc., and, unless the context otherwise requires, its wholly-owned subsidiary, Vermont Electric Transmission Company, Inc. and its affiliate, Vermont Transco LLC.

VELCO means Vermont Electric Power Company, Inc. and Vermont Transco LLC. rr. “VPPSA” means Vermont Public Power Supply Authority.

Examples of VELCO in a sentence

• In order that percentages of participation be consistent among the Basic Agreements, VELCO and MMWEC shall have their contracts with their contracting systems cover the necessary commitments for each Basic Agreement.

• Such joint and several liability (a) does not extend to any action or failure to act of VELCO or Vermont Transco with regard to any other activity in which VELCO or Vermont Transco may engage, and (b) expires when VELCO is no longer acting as the managing member of Vermont Transco.

• Upon the discovery of, and notification of, any Error, VELCO shall determine the corrected and proper charges and payments that are necessary to return all affected Participants to the financial position each would have occupied but for the Error (the “Correction”).

• Upon the agreement of the Participants to this Agreement, VELCO or another administrator shall ensure that the proper amounts are paid and received in order to effect the Correction.

• Nothing in this Agreement is intended to modify the provisions of any other tariff or agreement to which VELCO or any Participant is a party.

• This Agreement shall become effective between and among VELCO and each Participant at 12:01 a.m. on the date that the Federal Energy Regulatory Commission deems this Agreement to be effective.

• For any particular Correction, VELCO may designate another entity to take the necessary steps to implement the Correction, provided that VELCO and all Participants agree that VELCO should be replaced in that instance, and provided further that all Participants agree on the entity that shall replace VELCO as administrator.

• If VELCO discovers an Error or confirms another Participant’s discovery of an Error, VELCO shall notify all parties to this Agreement of such Error.

• VELCO shall qualify to be an Equity Sponsor if 80% or more of its common stock is owned by utilities whose debt securities qualify pursuant to this subsection 4(B).

• PSNH will pay for NEPOOL Regional Network Service (RNS), either by way of the VELCO Open Access Tariff or the NU Open Access Tariff according to the terms of the NEPOOL Open Access Tariff.

More Definitions of VELCO

VELCO means Vermont Electric Power Company, Inc. and Vermont Transco LLC.

VELCO means Vermont Electric Power Company, Inc., a corporation duly organized under the laws of the State of Vermont, and any Subsidiary thereof. "Vermont Distribution Utility" means, any Vermont electricity distribution company which is a current Member of the Company, and also means Rochester Electric Light & Power Company and Vermont Marble Power Division of OMYA, Inc. ARTICLE II FORMATION OF COMPANY SECTION 2.1 Name, Office, Registered Agent and Continuance. The name of the Company shall be VERMONT TRANSCO LLC. The business of the Company may be conducted under that name or, on compliance with applicable laws, any other name that the Manager deems appropriate or advisable. The Manager on behalf of the Company shall file any certificates, articles, fictitious business name statements and the like, and any amendments and supplements thereto, as the Manager considers appropriate or advisable. For purposes of 11 V.S.A. Section 3008, the Company's initial designated office shall be located at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, and its designated agent is the Manager, whose business office is identical with the Company's initial designated office. The Manager may designate and maintain the Company's office at any other location.

VELCO. Vermont Electric Power Company, Inc., a Vermont electric utility, the principal place of business for which is located at the address set forth on the signature pages to this Agreement.