Common use of Electricity Transfer Pricing Principle Clause in Contracts

Electricity Transfer Pricing Principle. The parties acknowledge and agree that all electricity sold and purchased between B.C. Hydro and Powerex pursuant to this Agreement other than electricity purchased and sold pursuant to Sections 5.1 or 5.2 is deemed for transfer pricing purposes to occur at the British Columbia-United States border. B.C. Hydro and Powerex declare that the Electricity Transfer Price is intended to be established as a sale price that reflects the fair market value of electricity delivered at the British Columbia-United States border during the heavy load hours in a day or the light load hours in a day, whichever is applicable, at which parties acting on an arms-length basis would be willing to transact.

Electricity Transfer Pricing Principle. The parties acknowledge and agree that all electricity sold and purchased or deemed to be sold and purchased between B.C. B.c. Hydro and Powerex pursuant to Sections 5 and 6 of this 2319363.4 Agreement other than electricity purchased and sold pursuant to Sections 5.1 or 5.2 is are deemed for transfer pricing purposes to occur at the British Columbia-Columbia- United States border. B.C. Hydro and Powerex PO\verex declare that the Electricity Transfer Price is intended to be established as a sale price that reflects the fair market value of electricity delivered at the British Columbia-United States border during the heavy load hours in a day or the light load hours in a day, whichever is applicable, at which parties acting on an arms-arms- length basis would be willing to transact.