Common use of Challenges to Application of Formula Rate Clause in Contracts

Challenges to Application of Formula Rate. If, as a result of the audit of Owner’s application of the Formula Rate or for any other reason, Purchaser believes that Owner has miscalculated or incorrectly included charges under the Formula Rate, Purchaser shall then have the right to submit the matter to the Management Committee for resolution under Section 18.1(a). If an Impasse occurs with respect to such matter, Purchaser shall then have the right to file a complaint with FERC seeking an order requiring Owner to comply with the Formula Rate, as its filed tariff.

Appears in 2 contracts

Samples: Transmission Service Agreement (Public Service Co of New Hampshire), Transmission Service Agreement (Nstar/Ma)

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Challenges to Application of Formula Rate. If, as a result of the audit of Owner’s 's application of the Formula Rate or for any other reason, Purchaser believes that Owner has miscalculated or incorrectly included charges under the Formula Rate, Purchaser shall then have the right to submit the matter to the Management Committee for resolution under Section 18.1(a). If an Impasse occurs with respect to such matter, Purchaser shall then have the right to file a complaint with FERC seeking an order requiring Owner to comply with the Formula Rate, as its filed tariff.

Appears in 1 contract

Samples: Transmission Service Agreement (Public Service Co of New Hampshire)

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Challenges to Application of Formula Rate. If, as a result of the audit of Owner’s application of the Formula Rate or for any other reason, Purchaser Xxxxxxxxx believes that Owner has miscalculated or incorrectly included charges under the Formula Rate, Purchaser shall then have the right to submit the matter to the Management Committee for resolution under Section 18.1(a). If an Impasse occurs with respect to such matter, Purchaser shall then have the right to file a complaint with FERC seeking an order requiring Owner to comply with the Formula Rate, as its filed tariff.

Appears in 1 contract

Samples: Transmission Service Agreement

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