Long Term Solutions. 1. The Parties agree that the following upgrades shall be constructed along with necessary relocation of existing facilities as described herein (the “Project”):
Long Term Solutions. 1. The Parties agree that the following upgrades shall be constructed along with necessary relocation of existing facilities as described herein (the “Project”): (a) one 46 kV Static Var Compensator (“SVC”) at Xxxxxx Lake with a projected in-service date of 2006 and one 115 kV SVC at Lake Colby with a projected in-service date of 2006 (collectively, the “SVCs”); (b) a new 46 kV line from Xxxxx to Piercefield with a projected in-service date of 2008 (the “New Line”); and (c) the relocation of telephone and electric distribution facilities made necessary by the construction of the New Line. Niagara Mohawk agrees that it will be responsible for the design, engineering, procurement, construction, installation, testing, and overall project management for the Project, subject to oversight by the Power Authority. If requested by Niagara Mohawk, the Power Authority will undertake the procurement of goods and services for the construction of the New Line. Ownership of the Project and responsibility for obtaining ownership interests will be governed by the following protocol:
Long Term Solutions. The GTF provides predictable, long-term funding for communities, where communities choose projects locally and prioritize them according to their needs, while respecting the principle of incrementality and not displacing current infrastructure investments.
