Annual Tax Security Reassessment. In accordance with the directives of FERC Orders 2003-A and 2003-B associated with Article 5.17.4 of the GIA, the annual reassessment of the current tax liability, which will commence the first year after Interconnection Customer’s in-service date.
Annual Tax Security Reassessment. The annual reassessment of the current tax liability in accordance with the directives of FERC Orders 2003-A and 2003-B, which will commence the first year after Interconnection Customer’s in-service date. Applicable Laws and Regulations - All duly promulgated applicable federal, state and local laws, regulations, rules, ordinances, codes, decrees, judgments, directives, or judicial or administrative orders, permits and other duly authorized actions of any Governmental Authority. Applicable Reliability Council – The reliability council applicable to the Distribution System to which the Generating Facility is directly interconnected. Applicable Reliability Standards – The requirements and guidelines of NERC, the Applicable Reliability Council, and the control area of the Distribution System to which the Generating Facility is directly interconnected, including the requirements pursuant to Section 215 of the Federal Power Act. Business Day - Monday through Friday, excluding Federal Holidays. Customer-Financed Monthly Rate for Non-ISO-Controlled Facilities – As defined in Attachment J of the Tariff. The currently effective Customer-Financed Monthly Rate for Non- ISO-Controlled Facilities is as provided in Attachment J of the Tariff. Default - The failure of a breaching Party to cure its breach under the Generator Interconnection Agreement. Distribution Owner - The entity that owns, leases or otherwise possesses an interest in the portion of the Distribution System at the Point of Interconnection and may be a Party to the Generator Interconnection Agreement to the extent necessary. Distribution Provider - The public utility (or its designated agent) that owns, controls, or operates transmission or distribution facilities used for the transmission of electricity in interstate commerce and provides transmission service under the Tariff. The term Distribution Provider should be read to include the Distribution Owner when the Distribution Owner is separate from the Distribution Provider. Distribution System - Those non-ISO transmission and distribution facilities, owned, controlled and operated by the Distribution Provider that are used to provide distribution service under the Tariff, which facilities and equipment are used to transmit electricity to ultimate usage points such as homes and industries directly from nearby generators or from interchanges with higher voltage transmission networks which transport bulk power over longer distances. The voltage levels a...
Annual Tax Security Reassessment. The annual reassessment of the current tax liability in accordance with the directives of FERC Orders 2003-A and 2003-B, which will commence the first year after Interconnection Customer’s in-service date. Applicable Laws and Regulations - All duly promulgated applicable federal, state and local laws, regulations, rules, ordinances, codes, decrees, judgments, directives, or judicial or administrative orders, permits and other duly authorized actions of any Governmental Authority. Applicable Reliability Council – The reliability council applicable to the Distribution System to which the Generating Facility is directly interconnected. Applicable Reliability Standards – The requirements and guidelines of NERC, the Applicable Reliability Council, and the control area of the Distribution System to which the Generating Facility is directly interconnected, including the requirements pursuant to Section 215 of the Federal Power Act. Business Day - Monday through Friday, excluding Federal Holidays. Customer-Financed Monthly Rate for Non-ISO-Controlled Facilities – As defined in Attachment J of the Tariff. The currently effective Customer-Financed Monthly Rate for Non- ISO-Controlled Facilities is as provided in Attachment J of the Tariff.
