Common use of Decommissioning Fund Clause in Contracts

Decommissioning Fund. Connecticut Yankee agrees to pay to, or cause to be paid to, the Connecticut Yankee Trust or any successor trust approved by the board of directors of Connecticut Yankee all funds collected hereunder for the purpose of decommissioning the Unit or removing the Unit from service.

Appears in 2 contracts

Samples: Supplementary Power Contract (United Illuminating Co), Supplementary Power Contract (Central Vermont Public Service Corp)

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Decommissioning Fund. Connecticut Yankee agrees to pay to, or cause to be paid to, the Connecticut Yankee Trust or any successor trust approved by the board of directors of Connecticut Yankee all funds collected hereunder for the express purpose of decommissioning the Unit or removing the Unit from serviceservice and further agrees that, after the tax consequences of decommissioning collections have been resolved, any funds collected hereunder to meet Decommissioning Tax Liability which are not used for that purpose will be refunded to the Purchaser.

Appears in 1 contract

Samples: Second Supplementary Power Contract (United Illuminating Co)

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Decommissioning Fund. Connecticut Yankee agrees to pay to, or cause to be paid to, the Connecticut Yankee Trust or any successor trust approved by the board of directors of Connecticut Yankee all funds collected hereunder for pursuant to Section 3 under clause (x) of the purpose definition of decommissioning the Unit or removing the Unit from service"Total Decommissioning Costs".

Appears in 1 contract

Samples: 1996 Amendatory Agreement (Central Vermont Public Service Corp)

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