Complete Description of Financial Terms of the Proposed Transaction. All financial proceeds received for the proposed transaction will result in positive value for ratepayers from the subsequent site licenses. Licensee shall pay PG&E a license fee as specified in the Master Agreement for the term of Advice 3112-G/3654-E - 6 - April 23, 2010 twenty (20) years from the date of CPUC approval. Additionally, the license fee shall be subject to increases during the agreed to terms as specified in the Master Agreement. The net present value of the stream of revenue PG&E currently estimates it may receive is approximately a net present value of $4.9 million4 from site license fees over the twenty- (20) year period with Licensee through site licenses PG&E hopes to later enter under this Master Agreement. The considerable revenue potential provided under the Master Agreement will benefit both PG&E ratepayers and local governmental agencies.5 However, because certain Xxxxxx signboards require a large front-end capital investment, the Master Agreement includes a remedy condition whereby PG&E would make a limited reimbursement to Xxxxxx should PG&E terminate the Master Agreement prior to the 10th anniversary of the applicable Site Commencement Date for the affected Site(s) as set forth in the Master Agreement, Exhibit G. PG&E finds this reimbursement condition to be reasonable in light of PG&E’s history of diligent asset planning and management that has historically obviated the need to relocate 3rd party facilities on PG&E property. To date, none of the existing signboards on PG&E properties has ever had to be relocated for a utility operational reason or for any reason at all. PG&E has provided a redacted version of the Master Agreement subject to this Advice Letter, as it contains competitive pricing information as discussed in PG&E’s request for confidential treatment submitted to the CPUC under separate cover and discussed above. (See Attachment 1)
Complete Description of Financial Terms of the Proposed Transaction. PG&E is not collecting any use fees associated with granting the Agreement. The Improvements within the Easement Area does not rise to the level of a right that has any realizable economic value to PG&E.
Complete Description of Financial Terms of the Proposed Transaction. Upon CPUC approval of this aggrement, PG&E will execute the Agrement and grant the District a 72,769 square-foot non-exclusive easement for two trail crossings of the Xxxxx Trail and Mount Umunhum Road on the PG&E Property. The District, in exchange, will grant PG&E a 167,358 square-foot non-exclusiv e easement. Since this is an exchange of interest in real property, both PG&E and District have agreed not to charge any fee.
Complete Description of Financial Terms of the Proposed Transaction. Not applicable. PG&E will receive no compensation for allowing the Owner to encroach on the Easement Area.
Complete Description of Financial Terms of the Proposed Transaction. PG&E will lease property to Pinnacle at no charge in exchange for Pinnacle providing PG&E free use of Pinnacle’s steel-fabricated communications building to store, operate and maintain communication equipment. Advice 4018-E - 3 - March 27, 2012
Complete Description of Financial Terms of the Proposed Transaction. PG&E expects to recover the project costs through the cost recovery mechanism provided under the Federal Energy Regulatory Commission (FERC) Transmission Owner’s Rate Case.
Complete Description of Financial Terms of the Proposed Transaction. Not applicable.
Complete Description of Financial Terms of the Proposed Transaction. PG&E is not collecting any use fees associated with granting Saintsbury the right to encroach within the Easement. By consenting to this prohibited construction Advice 2994-E - 4 - February 27, 2007 and use on the Easement, PG&E is supporting participants in PG&E’s Self Generation Incentive Program. Placement of the solar collection system within the Easement does not rise to the level of a right that has any realizable economic value to PG&E.
Complete Description of Financial Terms of the Proposed Transaction. All financial proceeds received for the proposed transaction will result in positive value for ratepayers from the subsequent site licenses. Licensee shall pay PG&E a license fee as specified in the Master Agreement for the term of twenty (20) years from the date of CPUC approval. Additionally, the license fee shall be subject to increases during the agreed to terms as specified in the Master Agreement. The net present value of the stream of revenue PG&E currently estimates it may receive is approximately a net present value of $4.9 million4 from site license fees over the twenty- (20) year period with Licensee through site licenses PG&E hopes to later enter under this Master Agreement. The considerable revenue potential provided under the Master Agreement will benefit both PG&E ratepayers and local governmental agencies.5 However, because certain Xxxxxx signboards require a large front-end capital investment, the Master Agreement includes a remedy condition whereby PG&E would make a limited reimbursement to Xxxxxx should PG&E terminate the Master Agreement prior to the 10th anniversary of the applicable Site Commencement Date for the affected Site(s) as set forth in the Master Agreement, Exhibit G. PG&E finds this reimbursement condition to be reasonable in light of PG&E’s history of diligent asset planning and management that has historically obviated the need to relocate 3rd party facilities on PG&E property. To date, none of the existing signboards on PG&E properties has ever had to be relocated for a utility operational reason or for any reason at all. PG&E has provided a redacted version of the Master Agreement subject to this Advice Letter, as it contains competitive pricing information as discussed in PG&E’s request for confidential treatment submitted to the CPUC under separate cover and discussed above. (See Attachment 1)
Complete Description of Financial Terms of the Proposed Transaction. PG&E is not collecting any use fees associated with granting the Encroachment Agreement to Lennar. By consenting to this prohibited construction and use on the Easement, PG&E is supporting economic development of this area. Placement of the Block Wall within the Easement Advice 3028-E - 4 - April 3, 2007 Area does not rise to the level of a right that has any realizable economic value to PG&E.
