Common use of Available Power, and Replacement and Additional Facility Costs Clause in Contracts

Available Power, and Replacement and Additional Facility Costs. As soon as practicable after the end of each month Corporation shall render to each Sponsoring Company a statement of all Available Power and Available Energy supplied to or for the account of such Sponsoring Company during such month, specifying the amount due to the Corporation therefor, including any amounts for reimbursement for the cost of replacements and additional facilities and/or spare parts incurred during such month, pursuant to Articles 5 and 7 above. Such Sponsoring Company shall make payment therefor promptly upon the receipt of such statement, but in no event later than fifteen (15) days after the date of receipt of such statement. In case any factor entering into the computation of the amount due for Available Power and Available Energy cannot be determined at the time, it shall be estimated subject to adjustment when the actual determination can be made.

Appears in 6 contracts

Samples: Inter Company Power Agreement (Appalachian Power Co), Inter Company Power Agreement (Ohio Power Co), Inter Company Power Agreement (Appalachian Power Co)

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