Capital Expenditures and Emission Allowances. Except as set forth in Section 7.7 of the WPL Disclosure Schedule, the IES Disclosure Schedule or the Interstate Disclosure Schedule, or as required by law, no party shall, nor shall any party permit any of its Subsidiaries to, (i) make capital expenditures in excess of $50 million in the case of WPL, $80 million in the case of IES, and $16 million in the case of Interstate over the amount budgeted by each such party for capital expenditures as set forth in such Section 7.7 of the WPL Disclosure Schedule, the IES Disclosure Schedule or the Interstate Disclosure Schedule, or (ii) enter into written commitments for the purchase of sulfur dioxide emission allowances as provided for by the Clean Air Act Amendments of 1990, in excess (singularly or in the aggregate) of $1 million in the case of WPL, $500,000 in the case of IES, and $250,000 in the case of Interstate.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Wisconsin Power & Light Co), Agreement and Plan of Merger (Ies Industries Inc), Agreement and Plan of Merger (WPL Holdings Inc)
