Common use of O&M EXPENSES FOR INTERCONNECTION FACILITIES Clause in Contracts

O&M EXPENSES FOR INTERCONNECTION FACILITIES. In accordance with Article 4.1 of this SGIA, the Interconnection Customer shall be responsible for all reasonable expenses associated with the operation, maintenance, repair and replacement of the Connecting Transmission Owner’s Attachment Facilities (“O&M Expenses”). The Interconnection Customer shall have the option to pay such O&M Expenses either under the procedure described in Option 1 or in Option 2 below. a) Option 1: Fixed On-Going Charge Payment: The Connecting Transmission Owner will invoice and Interconnection Customer shall pay an annual payment to the Connecting Transmission Owner equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner Attachment Facility and the Annual Transmission Ongoing Charge Factor, for the term of this Interconnection Agreement. All payments due to be made by the Interconnection Customer shall be made within thirty