Location Elsewhere Than Columbia Clause Samples

Location Elsewhere Than Columbia. If the 1978 Unit is located elsewhere than at Columbia, this agreement shall remain in full force and effect except as follows: a) If the site chosen is within the service area of Wisconsin Public Service Corporation, the ownership allocation of the 1978 Unit attributable to Wisconsin Public Service Corporation and Wisconsin Power and Light Company will be reviewed. b) Sections 3 and 4 of this Agreement relating to transmission lines and substation responsibility will be equitably revised to recognize the resulting changes in transmission line and substation investment responsibilities. c) If the site chosen is within the service area of Wisconsin Public Service Corporation, said company will then become the agent and the other two companies will then execute agency authorizations to said company. WISCONSIN PUBLIC SERVICE CORPORATION, WISCONSIN POWER AND LIGHT COMPANY and MADISON GAS AND ELECTRIC COMPANY (collectively "the Companies"), each of which is a Wisconsin corporation and a party to the Agreement dated as of August 30, 1972, providing for the construction and operation of a jointly owned generating plant or unit ("1978 Unit") and the Columbia Plant 345 KV Substation (hereafter collectively called the "1978 Units") by WISCONSIN POWER AND LIGHT COMPANY, a Wisconsin corporation, requiring, among other things, the licensing, acquisition, construction and operation of the 1978 Units referred to in said Agreement, for the purpose of effectuating the intent and purpose of Paragraphs 2 and 4e of said Agreement, do each agree as follows: 1. Wisconsin Power and Light Company is hereby authorized, in the name of and as agent for Wisconsin Public Service Corporation and in the name of and as agent for Madison Gas and Electric Company, and also in its own behalf, in each case in the following percentages of their respective Ownership Shares, in the 1978 Unit, as follows: Wisconsin Power and Light Company 39.3% Wisconsin Public Service Corporation 38.9% Madison Gas and Electric Company 21.8% TOTAL 100.0% and, in the Columbia Plant 345 KV Substation as follows: Madison Gas and Electric Company 57.2% Wisconsin Public Service Corporation 21.8% Wisconsin Power and Light Company 21.0% TOTAL 100.0% in each case, subject to percentage adjustments between the Companies by mutual agreement of the Companies or by an agreement by two of the Companies which agree to adjust their respective ownerships between themselves, to (a) execute and cause to be filed with the Federal ...