Notice of Termination before and after First-Year Operations. CPCNH’s Energy Portfolio Risk Management Policy provides that “hedging shall not extend beyond 36 months from the date that CPCNH first begins providing electricity service to CPA customers, until one year from that date.” After the first year of operations, CPCNH may authorize entering into forward hedging transactions extending up to 36 months out, on a rolling basis, to serve the collective load of all Member CPAs taking Service. At any time during the 12-month period after the initial launch of CPCNH’s power supply service, commencing on the date when CPCNH first supplies electricity to the retail customers of any Member CPA, the Member may submit written notice to terminate the Services on the first day of the month thirty-six (36) months following the date when CPCNH first supplied electricity to the retail customers of any Member CPA. At any time after the 12-month period after the initial launch of CPCNH’s power supply service, the Member may terminate this Contract by submitting written notice at least thirty-six (36) months in advance of the termination date.
Appears in 5 contracts
Samples: Cost Sharing Agreement, Cost Sharing Agreement, Cost Sharing Agreement
