Entitlement to Incremental Transfer Capability Sample Clauses

Entitlement to Incremental Transfer Capability. The Project consists of the CAISO, through a participating transmission owner, funding the capital costs of the Project up to a maximum amount of $40 million, as described above in return for a lease of the incremental transfer capability created by the upgrade for a period of 40 years commencing on the date the Project is placed under CAISO’s Operational Control as an Entitlement. The Entitlement transfer is contingent upon Citizens and IID executing the S-Line Incremental Transfer Capability Lease and Citizens making payment to IID. The incremental capability on the S-Line that will result from completion of the Project will be a CAISO transmission Entitlement. IID will own and maintain operational control of the S-Line facility before and after the upgrade. For the purposes of calculating the S-Line Upgrade Incremental Transfer Capability, the current total transfer capability of the S-Line is 350 MW North to South and 350 MW South to North. The Entitlement will be reflected in the S-Line Incremental Transfer Capability Lease. Neither the Project nor the CAISO’s Entitlement to the S-Line Upgrade Incremental Transfer Capability shall reduce or otherwise negatively affect IID’s rights to the current total transfer capability on the S-Line prior to the upgrade. As the owner and operator of the Project, IID will continue to establish the total transfer capability that exists on the S-Line, consistent with Applicable Reliability Standards. IID will inform CAISO of any changes in total transfer capability. When the El Centro Switching Station transformer upgrades1 are completed, the increases in the total transfer capability of the S-Line due to those transformer upgrades that is above the S-Line Upgrade Incremental Transfer Capability as described above shall be shared equally between IID and Citizens. If the total transfer capability of the S-Line as established after the S-Line transformer upgrades are completed decreases in the future, the reduction shall be applied in the following order:
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs

Related to Entitlement to Incremental Transfer Capability

  • Requesting Price Increase/Required Documentation Contractor must submit a written notification at least thirty (30) calendar days prior to the requested effective date of the change, setting the amount of the increase, along with an itemized list of any increased prices, showing the Contractor’s current price, revised price, the actual dollar difference and the percentage of the price increase by line item. Price change requests must include H-GAC Forms D Offered Item Pricing and E Options Pricing, or the documentation used to submit pricing in the original Response and be supported with substantive documentation (e.g. manufacturer's price increase notices, copies of invoices from suppliers, etc.) clearly showing that Contractor's actual costs have increased per the applicable line item bid. The Producer Price Index (PPI) may be used as partial justification, subject to approval by H-GAC, but no price increase based solely on an increase in the PPI will be allowed. This documentation should be submitted in Excel format to facilitate analysis and updating of the website. The letter and documentation must be sent to the Bids and Specifications manager, Xxxxxxx Xxxxxx, at Xxxxxxx.Xxxxxx@x-xxx.xxx Review/Approval of Requests If H-GAC approves the price increase, Contractor will be notified in writing; no price increase will be effective until Contractor receives this notice. If H-GAC does not approve Contractor’s price increase, Contractor may terminate its performance upon sixty (60) days advance written notice to H-GAC, however Contractor must fulfill any outstanding Purchase Orders. Termination of performance is Contractor’s only remedy if H-GAC does not approve the price increase. H-GAC reserves the right to accept or reject any price change request.

  • ANNUAL INCREMENT (1) Staff shall be entitled to an annual increment which shall be negotiated with the Union annually.

  • Longevity Increment All unit members who have completed the required years of District service, as defined below, shall be eligible to receive a longevity increment.

  • Tax Increment Financing The Redevelopment Agreement provides for the capture of the Tax Increment, as defined therein, by the City of the Redeveloper Improvements to be made by the Redeveloper for a period not to exceed fifteen (15) years after the Redevelopment Project effective date defined in the Redevelopment Agreement. The Tax Increment so captured by the City shall be used for to make the Redeveloper Improvements as described in the Redevelopment Agreement.

  • Salary on Lateral Transfer An employee’s salary shall remain the same, except where the Appointing Authority or designee determines that exceptional circumstances justify payment of a higher rate, when transferring from one (1) position to another which has the same salary range.

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage.

  • Additional Transaction Limitations For all Accounts (except share draft Accounts), the Credit Union reserves the right to require a member intending to make a withdrawal to give written notice of such intent not less than 7 days and not more than 60 days before any such withdrawal.

  • General Wage Increase Effective July 1, 2007, a general wage increase consisting of 2% was added to each grade and step of the pay plan(s) affecting the bargaining unit employees. Effective July 1, 2008, a general wage increase consisting of 2% will be added to each grade and step of the pay plan(s) affecting the bargaining unit employees.

  • Step Increase Employees shall move to the next step of the salary schedule, only when agreed to specifically by parties in contract negotiations. If a step increase is provided, it shall be granted to those employees who receive an overall performance evaluation rating of “Effective” or higher. An employee who receives an overall performance evaluation of less than “Effective” shall not be eligible for the Board approved step increase; however, if the affected employee receives an overall performance evaluation of “Effective” or higher for the succeeding year he/she shall be granted the withheld step but not on a retroactive basis.

Time is Money Join Law Insider Premium to draft better contracts faster.