Operation and Maintenance Expenses. This category consists of the cost of labor, materials and supplies, and other expenses incurred in operating and maintaining Hetch Hetchy Enterprise physical facilities.
Operation and Maintenance Expenses. In accordance with Section 10.5 of this Agreement, Developer shall be responsible for all reasonable operation and maintenance expenses (“O&M Expenses”) associated with the operation, maintenance, repair and replacement of Connecting Transmission Owner’s Attachment Facilities, as such Attachment Facilities are detailed in this Appendix A. In addition, Developer shall also be responsible for the incremental costs that are incurred by the Connecting Transmission Owners pursuant to Section 10.6 of this Agreement to assure compliance with the NRC Maintenance Rule. The Scriba Substation facilities covered by the NRC Maintenance Rule are listed in Section 5 of Appendix C of this Agreement. Developer shall have the option to pay the O&M Expenses for which it is responsible under Section 10.5 of this Agreement by following either the procedure described in Option 1 or the procedure described in Option 2 below.
Operation and Maintenance Expenses. 22.1 The expenses for the operation and maintenance of the San Xxxx Project in the performance of Operating Work (which, for purposes of this Section 22, and as defined more particularly herein, are referred to as the “O&M Expenses”) shall be apportioned among the Participants, in accordance with the following percentages:
22.1.1 For Units 1 and 2 and for all equipment and facilities directly related to Units 1 and 2 only, in accordance with the following percentages:
22.1.1.1 PNM - 50 percent
22.1.1.2 TEP - 50 percent
22.1.1.3 M-S-R - 0 percent
22.1.1.4 Farmington - 0 percent
22.1.1.5 Tri-State - 0 percent
22.1.1.6 LAC - 0 percent
22.1.1.7 SCPPA - 0 percent
22.1.1.8 Anaheim - 0 percent
22.1.1.9 UAMPS - 0 percent
22.1.2 For Xxxx 0 and all equipment and facilities directly related to Unit 3 only, in accordance with the following percentages:
22.1.2.1 PNM - 50 percent 22.1.2.2 TEP - 0 percent 22.1.2.3 M-S-R - 0 percent
Operation and Maintenance Expenses. Deposits to the Operation and Maintenance Reserve Account of the General Bond Ordinance
Operation and Maintenance Expenses. In accordance with Section 10.5 of this Agreement, Developer shall be responsible for all reasonable operation and maintenance expenses (“O&M Expenses”) associated with the A-7 SERVICE AGREEMENT NO. 1757 operation, maintenance, repair and replacement of Connecting Transmission Owner’s Attachment Facilities, as such Attachment Facilities are detailed in this Appendix A. In addition, Developer shall also be responsible for the incremental costs that are incurred by the Connecting Transmission Owners pursuant to Section 10.6 of this Agreement to assure compliance with the NRC Maintenance Rule. The Scriba Substation facilities covered by the NRC Maintenance Rule are listed in Section 5 of Appendix C of this Agreement. Developer shall have the option to pay the O&M Expenses for which it is responsible under Section 10.5 of this Agreement by following either the procedure described in Option 1 or the procedure described in Option 2 below.
Option 1: Fixed On-Going Charge Payment National Grid will invoice and Developer shall pay an annual payment to National Grid equal to the product of the Gross Plant Investment associated with the Connecting Transmission Owner’s Attachment Facilities and the Annual Transmission Ongoing Charge Factor, for the term of this Agreement. All payments due to be made by Developer shall be made within thirty (30) days after receiving an invoice from National Grid. The Project’s Gross Connecting Transmission Owner’s Attachment Facilities Plant Investment cost shall be established in writing by National Grid no later than 90 days following commercial operation. The Annual On-Going Charge Factor shall be calculated annually each July based on National Grid’s most recently filed FERC Form 1 data and will equal the sum of the Revenue Requirement Components as identified on O&M Attachment 1 divided by the Total Gross Plant of National Grid. Total Gross Plant shall equal the sum of Item Nos. A (1)(a)(b) and
Operation and Maintenance Expenses. The Operation and Maintenance Expenses of the Project in any month shall not exceed the lesser of (i) actual expenses incurred and (ii) the expenses set forth in the Operating Budget for such month subject to the Permitted Operating Budget Deviation Levels.
Operation and Maintenance Expenses a fixed monthly rate for operation and maintenance expenses and other miscellaneous costs and expenses incidental to the operation, protection, and maintenance of the Interests and Property (but excluding costs under paragraph (b) below) based on the average operation, maintenance, and miscellaneous costs and expenses for each Interest for the three-month period before the Effective Time.
Operation and Maintenance Expenses and (3) Budgeted CRR costs (together the “Cost Compilation”) and (ii) the total actual amount of funds received from the WCID during the same Fiscal Year from those components of the Annual Requirement related to the Debt Service Requirement, Operation and Maintenance Requirement and the Budgeted Capital Repair and Replacement Requirement (together the “Receipts Compilation”). Contemporaneously with the compilation and delivery of these respective Compilations, GBRA shall deliver a comparison of the Cost Compilation to the Receipts Compilation (the “True Up”). If the total of the Cost Compilation exceeds the total of the Receipts Compilation in the True Up, GBRA shall xxxx the WCID the difference within thirty (30) days of such determination and WCID shall remit payment of such xxxx within thirty (30) days of xxxx receipt. If the total of the Cost Compilation is less than the total of the Receipts Compilation in the True Up, GBRA shall reimburse the WCID the difference within thirty (30) days of such determination. Contemporaneously with the delivery of the True Up, GBRA shall also compile and deliver the outstanding GBRA DS Payment and GBRA CRR Payment balances, including interest thereon. The WCID shall have the option at any time of paying some or all of such outstanding balances that are not otherwise paid pursuant to Section 6.1(iv) and (v), the result of which would be a reduction in the ultimate amount of interest accrued on said balances. Following the delivery of the True Up, the parties will work in good faith to resolve any difference they may have with respect to any matter set forth in the True Up.
Operation and Maintenance Expenses. (i) The Borrower shall not at any time during any Operating Year make expenditures for any Project in respect of any Operation and Maintenance Expenses for such Project in excess of:
(A) in the case of any line item or category of the proposed Annual Operating Plan and Budget which is not approved by the Majority Lenders (and until such time as such amounts are so approved), the amounts applicable thereto pursuant to the second paragraph of paragraph (a)(v) above for the period from the beginning of such Operating Year to the end of the current month thereof;
(B) in respect of all other such Operation and Maintenance Expenses, any amount which would cause the aggregate amount of such other expenditures to exceed $250,000; or
(C) solely in respect of the "Compromise Payment" under and as defined in the Energy Services Agreement, an aggregate amount exceeding $724,000; in the case of (A) and (B), without having first proposed an amendment to the then-current Annual Operating Plan and Budget and the Majority Lenders having approved such amendment in accordance with paragraph (ii) below; provided, however, that no such approval shall be required for the "Compromise Payment" referred to in the foregoing clause (C) or for Emergency Operating Costs up to $1,000,000 per Project in any Operating Year (prorated on the basis of a 365-day year for any Operating Year which is less than a full calendar year).
(ii) If at any time during any Operating Year: (A) Operation and Maintenance Expenses to be paid by the Borrower during the balance of such Operating Year exceed or could reasonably be expected to exceed the allowance provisions of paragraph (i) above; or (B) the Borrower believes such costs for the balance of such year will exceed such allowance provisions, in each case, the Borrower shall propose an amendment to the then-current Annual Operating Plan and Budget (with copies thereof delivered to the Administrative Agent and the Independent Engineer). Such amendment shall become effective on the date that such proposal is approved by the Majority Lenders. At the time the Borrower submits such proposal, the Borrower shall certify the purpose of such amendment and that such amendment is reasonably necessary or desirable for the operation and maintenance of the Projects. If the Majority Lenders do not approve a proposed amendment, the Administrative Agent shall advise the Borrower of the items that are disapproved and the reason for such disapproval. If all or any por...
Operation and Maintenance Expenses. (1) The O&M expenses for the first year of the Control Period will be approved by the Commission taking into account the actual O&M expenses for last five years till Base Year subject to prudence check and any other factors considered appropriate by the Commission.
(2) The O&M expenses for the nth year and also for the year immediately preceding the Control Period, i.e. FY 2015-16, shall be approved based on the formula given below:- O&Mn = R&Mn + EMPn + A&Gn Where – O&Mn – Operation and Maintenance expense for the nth year; EMPn – Employee Costs for the nth year; R&Mn – Repair and Maintenance Costs for the nth year; A&Gn – Administrative and General Costs for the nth year;
(3) The above components shall be computed in the manner specified below: EMPn = (EMPn-1) x (1+Gn) x (1+CPIinflation) R&Mn = K x (GFAn-1) x (1+WPIinflation) and A&Gn = (A&Gn-1) x (1+WPIinflation) + Provision Where - EMPn-1 – Employee Costs for the (n-1)th year; A&G n-1 – Administrative and General Costs for the (n-1)th year; Provision: Cost for initiatives or other one-time expenses as proposed by the Transmission Licensee and approved by the Commission after prudence check. ‘K’ is a constant specified by the Commission in %. Value of K for each year of the control period shall be determined by the Commission in the MYT Tariff order based on Transmission Licensee’s filing, benchmarking of repair and maintenance expenses, approved repair and maintenance expenses vis-à-vis GFA approved by the Commission in past and any other factor considered appropriate by the Commission; CPIinflation – is the average increase in the Consumer Price Index (CPI) for immediately preceding three years; WPIinflation – is the average increase in the Wholesale Price Index (CPI) for immediately preceding three years; GFAn-1 – Gross Fixed Asset of the Transmission Licensee for the n-1th year; Gn is a growth factor for the nth year. Value of Gn shall be determined by the Commission in the MYT tariff order for meeting the additional manpower requirement based on Transmission Licensee’s filings, benchmarking and any other factor that the Commission feels appropriate: Provided that in case of a transmission licensee is governed by Government pay structure, the Commission may consider allowing a separate provision in Employee expenses towards the impact of VIIth Pay Commission. Provided that repair and maintenance expenses determined shall be utilised towards repair and maintenance works only.
