Common use of New York State Electric & Gas Corporation Clause in Contracts

New York State Electric & Gas Corporation. The Transmission Customer shall pay an amount sufficient to reimburse NYSEG for any amounts payable by NYSEG as sales, excise, value-added, gross receipts or other applicable taxes with respect to the total amount payable to NYSEG pursuant to the Tariff. The total of all rates and charges will be divided by the appropriate tax factor listed below, depending upon the geographic location of the Transmission Customer’s Point(s) of Delivery Within the Metropolitan Commuter Transportation District: 0.984583 Not within the Metropolitan Commuter Transportation District: 0.986823 These tax factors incorporate the taxes imposed on the Transmission Provider’s electric revenues pursuant to New York law and represents the Franchise Tax on Gross Earnings, the Gross Income Tax, and where applicable the Metropolitan Commuter Transportation District Surcharge. This Provision shall be effective upon commencement of services under the ISO OATT.