Cost Recovery Protection Sample Clauses

Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change.
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Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP may be entitled to compensation for “Stranded Costs” (defined as the unrecovered cost of any facilities exclusively constructed pursuant to this Agreement to accommodate Local Delivery Service) to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. To the extent practicable, AEP will make efforts to find customers to take the available transmission service to minimize the stranded cost recovery on a case by case basis. AEP will make a Section 205 filing under part 35 of Commission’s regulations to seek Commission authorization for any Stranded Cost recovery, identifying the facilities and voltages and recovery support for the cost and duration of the recovery period. This Section 2.4 shall not apply if Customer is making payments pursuant to Section 2.5 or Section 2.6.
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Cost Recovery Protection. The coordinated transmission plan of the Transmission Provider and the Customer shall be predicated upon the plans of the respective Parties as to their planned use of the Transmission System, including the Customer's planned use of external and internal generating capacity. If the Customer alters the planned level of its use of the Transmission System so as to reduce its AEP’s transmission service payments to Company revenue, the Customer shall compensate AEP for the unrecovered cost of any facilities exclusively constructed during the term of this Service Agreement to accommodate service that would be reduced as a result of the change in the Customer's capacity and/or operating plan, less the net present value of incremental transmission revenue, if any, that AEP would expect to derive by providing firm transmission service to other customers by using the transmission capacity freed up by the Customer's change in plans.
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Cost Recovery Protection. 2.1 The coordinated transmission plan of OVEC and Customer will be predicated upon the plans of the respective Parties as to their planned use of the transmission system, including Customer’s planned use of external and internal generating capacity. Customer will not alter the planned level of use of the transmission system so as to reduce its transmission service payments to OVEC unless: a) the Parties mutually agree otherwise; b) Customer gives
Sample 1
Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. Not certain that the TO will need this. How are TO revenues stranded. When the load goes away, Transmission costs would be spread over the remainder of load. In what way is there risk to the TO.
Sample 1
Cost Recovery Protection. Pursuant to this Agreement, AEP and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to AEP’s facilities. As such, AEP may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, AEP shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes AEP’s revenues to be reduced. Any such claim for Stranded Costs by AEP shall be net of the present value of any incremental transmission revenue that AEP will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. To the extent practicable, AEP will make efforts to find customers to take the available transmission service to minimize the stranded cost recovery on a case-by-case basis. AEP will make a Section 205 filing under part 35 of Commission’s regulations to seek Commission’s authorization for any Stranded Cost recovery, identifying the facilities and voltages and recovery support for the cost and duration of the recovery period.
Sample 1
Cost Recovery Protection. Pursuant to this Agreement, Host Transmission Owner and Customer will cooperate regarding the planning, provision and utilization of transmission and local delivery facilities needed to reliably deliver power and energy to Customer’s loads connected to Host Transmission Owner’s facilities. As such, Host Transmission Owner may be required to construct or otherwise expand transmission and local delivery facilities, predicated upon Customer’s planned use of such facilities, including the Customer's planned use of external and internal generating capacity. If the Customer alters its use of the transmission and/or local delivery service facilities, through the transfer of load to the system of another service provider, Host Transmission Owner shall be entitled to compensation for “Stranded Costs” to the extent such load transfer causes Host Transmission Owner’s revenues to be reduced. Any such claim for Stranded Costs by Host Transmission Owner shall be net of the present value of any incremental transmission revenue that Host Transmission Owner will receive by providing transmission or local delivery service to other customers using the transmission or local delivery capacity freed up by the Customer's load change. To the extent practicable, Host Transmission Owner will make efforts to find customers to take the available transmission service to minimize the stranded cost recovery on a case by case basis. Host Transmission Owner will make a Section 205 filing under part 35 of Commission’s regulations to seek Commission authorization for any Stranded Cost recovery, identifying the facilities and voltages and recovery support for the cost and duration of the recovery period. This Section 2.4 shall not apply if Customer is making payments pursuant to Section 2.5 or Section 2.6. [Should we separate transmission and distribution with respect to stranded costs? Transmission costs that may be “stranded” are already covered by features of the SPP OATT, are they not? RDS]
Sample 1
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Related to Cost Recovery Protection

  • INSURANCE PROTECTION A. The Board shall provide MESSA Plan 1 or Plan 2 described below by making payment of insurance premiums for a full twelve (12) month period each year of this Agreement for the teacher and his/her eligible dependents as defined by MESSA, subject to the provisions below. B. Each teacher shall elect either Plan 1 or Plan 2, provided, however, that if a husband and wife are both members of the bargaining unit, one shall select Plan 1 and the other Plan 2. Part-time teachers shall receive the Plan 1 premium rate on a pro rata basis (e.g., a teacher employed for three days per week will receive three-fifths of the premium rate due to a full-time teacher eligible for the same coverage). Those part-time Teacher electing Plan 1 shall pay the difference between the prorated amount and the full cost of the appropriate health insurance by direct payment or payroll deduction. C. The employer shall pay 80% of the total cost of the MESSA medical premium and deductible. 100% of the non-medical benefits. Additionally, the Board agrees to maintain this 80/20 cost-sharing provision during the life of this Agreement. Employees shall contribute 20% of the medical premium and the annual deductible. Employer shall fund 100% of the MESSA ABC Plan 1 annual deductible (minus the employees 20% contribution) to the employees’ Health Equity (HEQ) Health Savings Account (HSA) for each plan year. Deposits would be made in quarterly installments beginning on January 1, then April 1, then July 1, and the last installment on October 1 of each year. The District will fund the balance of the deductible due ahead of schedule for any member who incurs significant medical claims prior to receiving all four quarterly deposits. For teachers hired after January 1, the Employer will fund a percentage of the MESSA ABC Plan I annual deductible to the employees’ Health Equity” (HEQ) Health Savings Account (HSA) for each plan year equal to the percentage of the calendar year they work. Employee contributions shall be payroll deducted. Payments will start with the first pay date after the open enrollment period ends. The annual payment amount will be distributed equally throughout the remainder of the payroll dates for the school year through a qualified Section 125 plan and shall not be subject to withholding. The Employer’s qualified Section 125 plan shall include any and all of the provisions necessary for pre-tax contributions to employees’ HSA accounts. In the event an employee is not qualified for a Health Savings Account for any of the months of the deductible plan year, the employer shall contribute the negotiated amount of funding as set forth in the agreement to either a Flexible Spending Account (“FSA”) or a 403(b). Affected employees shall notify the employer where to contribute the money on or before December 15 of each school year. Employees may contribute, through payroll deduction and electronic transfer additional money towards their HSA up to the maximum amounts allowed by Federal Law. The parties understand that in the event the minimum deductible necessary for a medical plan to comply with HSA eligibility is increased beyond the current deductible level in MESSA ABC Plan 1, the deductible (and the Employer’s funding of the deductible) will automatically adjust to meet the federal minimum requirement. D. Benefit Plan 1 Plan 2 1. Health Insurance MESSA ABC Plan 1 Deductible $1400/$2800 ABC Rx SO OL/OV/SV $0 Coinsurance 2. Long Term Disability MESSA Same as Plan 1 Coverage 66 2/3% of salary up to $7,500 monthly maximum 90 calendar days modified fill Pre-existing condition waiver Alcohol/drug (same as any other illness) Mental/Nervous (same as any other illness) Soc. Sec. Offset- Primary Own- Occupation 2 years COLA- No SS Freeze- Yes 3. Dental Insurance MESSA/Delta Dental Same as Plan 1 Coverage Diag & Prev – 80% Basic Services- 80% (X Rays) Major services 80% Annual Max- $1800 Orthodontics- 80% Lifetime Max- UCR Riders- 2 cleanings, AO 4. Life Insurance MESSA Negotiated Term Same as Plan 1 Life $45,000 with $45,000 AD&D, Waiver of Premium 5. Vision Insurance MESSA Vision Enhanced Same as Plan 1 6. Options Not Available Pursuant to the terms of the District’s Section 125 Plan, All teachers electing to take the Plan 2 option in lieu of medical insurance shall receive 80% of the amount of the single subscriber premium rate for the insurance plan provided to other members of the association. (prorated for part-time Teacher). Cash in lieu payments will start with the first pay date after the open enrollment period ends. The annual payment amount will be distributed equally throughout the remainder of the payroll dates for the school year. Any modifications of the Section 125 Plan which affect bargaining unit members will be subject to negotiations with the Association.

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