Local Furnishing Bonds. Tax-exempt bonds issued by a Transmission Owner under an agreement between the Transmission Owner and the New York State Energy Research and Development Authority (“NYSERDA”), or its successor, or by a Transmission Owner itself, and pursuant to Section 142(f) of the Internal Revenue Code, 26 U.S.C. § 142(f).
Local Furnishing Bonds. Tax-exempt bonds utilized to finance facilities for the local furnishing of electric Energy, as described in section 142(f) of the Internal Revenue Code, 26 U.S.C. §142(f). Local Furnishing Bonds do not include Municipal Tax-Exempt Debt.
Local Furnishing Bonds. 15.6.1 Participating TOs That Own Facilities Financed by Local Furnishing Bonds
Local Furnishing Bonds. The PTO is the sole owner of a system of electric utility facilities which are directly connected to retail customers who receive electric energy supply service and/or electric energy delivery service from the PTO (such customers, the “Local Retail Customers”; such facilities, the “Local System Facilities”). The PTO has financed or refinanced substantial portions of its Local System Facilities with proceeds from approximately $412.5 million of outstanding Local Furnishing Bonds (“LFBs”) issued by the City of Chula Vista. This includes approximately $139.0 million that financed costs of the PTO’s wholly-owned electric transmission facilities located in San Diego, Orange and Imperial Counties, and approximately $273.5 million of the PTO’s wholly-owned electric distribution facilities located in San Diego and Orange Counties. Interest on the LFBs is tax-exempt, and the PTO claims income tax deductions for interest expense on the LFBs. If the proposed Project would impair the tax-exempt status of interest on the LFBs or the deductibility of interest expense on the LFBs to the PTO under the Internal Revenue Code, Treasury Regulations and/or applicable IRS rulings (“Impairment”), the IC will be required to pay the costs properly attributable to the proposed Project if the IC fails for any reason to follow the CAISO-directed remedial measures, if any, applicable to the IC to avoid or mitigate an Impairment. Under existing IRS letter rulings issued to the PTO, a proposed interconnection might result in an Impairment if the proposed interconnection either (1) will cause the PTO to fail to be an annual net importer of electric energy (the “Amended Annual Net Importer Test”), or (2) will require the PTO to acquire any component of the Local System Facilities sooner, or will cause any component of the Local System Facilities to be built larger, more costly or with a different design than is reasonably expected to be needed to provide reliable service to the Local Retail Customers (the “Character Test”). The CAISO Tariff Section 3 states that: Nothing in this CAISO Tariff or the TCA shall compel (and the CAISO is not authorized to request) any Local Furnishing Participating TO or other Tax Exempt Participating TO to violate: (1) restrictions applicable to facilities which are part of a system that was financed in whole or part with Local Furnishing Bonds or other Tax Exempt Debt or (2) the contractual restrictions and covenants regarding the use of any transmission fac...
Local Furnishing Bonds. 14.6.1 Transmission Providers That Own Facilities Financed by Local Furnishing Bonds.
Local Furnishing Bonds. No responsibility of the Transmission Owner ---------------------- hereunder shall conflict with the provisions of the OATT relating to facilities financed with local furnishing bonds.
Local Furnishing Bonds. 5.1 Transmission Providers That Own Facilities Financed by Local Furnishing Bonds This provision is applicable only to Transmission Providers that have financed facilities for the local furnishing of electric energy with tax- exempt bonds, as described in Section 142(f) of the Internal Revenue Code (‘‘local furnishing bonds’’). Notwithstanding any other provision of this Tariff, the Transmission Provider shall not be required to provide transmission service to any Eligible Customer pursuant to this Tariff if the provision of such transmission service would jeopardize the tax-exempt status of any local furnishing bond(s) used to finance the Transmission Provider’s facilities that would be used in providing such transmission service.
Local Furnishing Bonds. Local Furnishing Bonds means the conduit revenue bonds to finance or refinance a portion of SDG&E’s costs of improvements to its local electric system in the approximate aggregate principal amount of $686 million. This includes approximately $168 million that financed transmission facilities and approximately $518 million that financed distribution facilities. They are comprised of the following series of bonds, as refunded from time to time: City of Chula Vista Series 1992 B Series 1992 C Series 1992 D Series 1996 A Series 1996 B Series 1997 A Series 2004 A Series 2004 B Series 2004 C Series 2004 D Series 2004 E Series 2004 F Series 2006 A
Local Furnishing Bonds. 12.6.1 Transmission Providers That Own Facilities Financed by Local Furnishing Bonds ............................................................... 12.6.2 Alternative Procedures for Requesting Interconnection Service.......................................................................................... Appendix 1 - Interconnection Request for a Large Generating Facility Appendix 1-A - Time Line for Interconnection Request and Study Process Appendix 2 - Preliminary Interconnection System Impact Study Agreement Appendix 3 - Definitive Interconnection System Impact Study Agreement Appendix 4 - Interconnection Facilities Study Agreement Appendix 5 - RESERVED Appendix 6 - Standard Large Generator Interconnection Agreement
Local Furnishing Bonds
