Net Billing of MEA’s Eklutna and Xxxxxxx Xxxx Hydroelectric Projects Sample Clauses

Net Billing of MEA’s Eklutna and Xxxxxxx Xxxx Hydroelectric Projects. For the duration of this Agreement, Chugach will be entitled to schedule the generation of and to receive from MEA any power which is produced by the Eklutna Hydroelectric Project and the Xxxxxxx Xxxx Project and which MEA is entitled to receive under the power sales agreements or other arrangements governing the disposition of power from those Projects. For purposes of supplying and making rates for power sold to MEA, Chugach will be entitled to co-mingle and to include with all other electric power available to Chugach for such purposes any such power Chugach receives from MEA under this Section. Notwithstanding any other provision of this Agreement, MEA shall remain obligated to pay (pursuant to the power sales agreements or other arrangements governing the disposition of power from the Projects) its share of the cost of power from the Eklutna Hydroelectric Project and from the Xxxxxxx Xxxx Project. This Agreement shall not be considered to constitute, nor shall it be relied upon as, an assignment of MEA’s shares of the Eklutna Hydroelectric Project and/or the Xxxxxxx Xxxx Project to Chugach. Through the mechanism of billing credits, however, Chugach will reimburse MEA for any such costs actually incurred pursuant to such agreements or other arrangements. The effect of such billing credits shall be to reduce the net amounts that MEA is otherwise obligated to pay Chugach for power purchased from Chugach. The specific method of implementing this net billing credit arrangement shall be that previously followed under the Net Billing Agreement 3 (Eklutna And Xxxxxxx xxxx Hydroelectric Projects) between the Parties dated December 16, 1987.
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