Common use of Community Fund Clause in Contracts

Community Fund. To further augment its commitment to the environment and the community in which Indian Point operates, Entergy shall establish a fund in the amount of $15 million (the “Fund”), the goal of which is to fund projects designed to benefit the Xxxxxx River and to support the community, and to provide environmental protection and other public benefits to the community. The Fund will provide for the completion of projects to be selected by NYS and Entergy, after consultation with regional environmental organizations and community groups and interests. With respect to the environmental projects, priority will be given to projects for dam or culvert removal, purchase of sensitive wetlands areas along the Xxxxxx River, continuation of scientific studies designed to advance the protection of riverine species, and prevention of the introduction of invasive species into the Xxxxxx River watershed, and other projects determined by NYS and Entergy that are consistent with the purposes for which the Fund has been established. Tritium Mitigation Entergy will implement in 2017 targeted plant and hardware modifications at Indian Point to minimize potential releases of radiologically-contaminated fluids to groundwater from normal and temporary plant systems and operations. These modifications may include installation of a high level alarm and backflow prevention measures in Fuel Storage Building (“FSB”) Sump 28, sealing and coating of the FSB Truck Bay subfloor, and sealing or replacing designated building/structural joints that provide potential paths to groundwater.

Appears in 4 contracts

Samples: Indian Point Agreement, Indian Point Agreement, Indian Point Agreement

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