Mid-Term Modification Triggers Sample Clauses

Mid-Term Modification Triggers. The Settling Parties stipulate and agree that the process for notification of changes to the 2021-2023 Plan as well as that for implementing such changes set forth in section 2.1.6 of the September 1 Plan shall be approved, subject to certain modifications and clarifications. Specifically, the Settling Parties stipulate and agree that the triggers for “midterm modifications” requiring Commission approval shall be removed to the extent they concern projected changes in planned benefits or primary energy savings. The Settling Parties stipulate and agree that the NH Utilities shall notify the Council described in Section I of material program changes such as new programs, suspension or closure of an approved program or increase of a sector’s approved term budget exceeding 110 percent, which the Council may discuss prior to a filing with the Commission by one or more of the NH Utilities requesting such changes.