Northeast Massachusetts Upgrade Costs Sample Clauses

Northeast Massachusetts Upgrade Costs. In recognition of the unique Congestion situation in the Northeast Massachusetts Reliability Region, as identified in Attachment B to the Agreement, up to thirty-five million dollars ($35,000,000) of the capital costs of Northeast Massachusetts Upgrades shall constitute Pool-Supported PTF costs and shall be included in Annual Transmission Revenue Requirements under Attachment F. A "Northeast Massachusetts Upgrade" is an addition to or modification of the NEPOOL Transmission System into or within the Northeast Massachusetts Reliability Region that is not, as of December 31, 1999, the subject of a System Impact Study or application filed pursuant to Section 18.4 of the Restated NEPOOL Agreement; that is not related to generation interconnections; and that will be completed and placed in service by June 30, 2004. Such upgrades include, but are not limited to, new transmission facilities and related equipment and/or modifications to existing transmission facilities and related equipment. Any Northeast Massachusetts Upgrade will be identified within a reasonable period of time and included in the NEPOOL Transmission Plan to be completed on or about September 1, 2000. A Northeast Massachusetts Upgrade also must satisfy one of the following three criteria: (a) The addition or modification qualifies as an Economic Upgrade. If an addition or modification meets these requirements, the full estimated capital cost of the upgrade shall be taken into account for purposes of the $35,000,000 aggregate limit specified above. (b) The addition or modification qualifies as a Reliability Upgrade meet a future reliability need within the five years covered by the NEPOOL Transmission Plan, and the net present value of the expected benefit advancing the construction of the addition or modification exceeds the incremental cost of advancing the in-service date of the addition or modification. The incremental cost of the advancement shall qualify as a cost of Pool-Supported PTF pursuant to this Section and only the incremental cost shall be taken into account for purposes of the $35,000,000 aggregate limit specified above. The remaining cost of the addition or modification shall qualify as the Pool-Supported PTF cost of a Reliability Upgrade. (c) The addition or modification is in construction as of January 1, 2000 or planned for construction in 2000 and would qualify as an Economic Upgrade except for the fact that it has not yet been included in a NEPOOL Transmission Plan. If an ad...
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