Fixed On-Going Charge Payment. National Grid will invoice and Developer shall pay an annual payment to National Grid equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Attachment Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. All payments due to be made by Developer shall be made within thirty (30) days after receiving an invoice from National Grid. The Project’s Gross Connecting Transmission Owner’s Attachment Facilities Plant Investment cost shall be established in writing by National Grid no later than 90 days following commercial operation. The Annual On-Going Charge Factor shall be calculated annually each July based on National Grid’s most recently filed FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified on O&M Attachment 1 divided by the Total Gross Plant of National Grid. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b) and (c) in O&M Attachment 1.
Appears in 4 contracts
Samples: Large Generator Interconnection Agreement, Agreement, Interconnection Agreement
