Project Funding in General. Portland plans, designs, constructs, owns, operates, and maintains all fixed assets used to deliver water under this Agreement up to Purchaser’s Point of Delivery. Portland’s assets are eligible additions to the rate base as described in Section 6. Unless specified by a separate agreement, direct capital contributions by Purchaser for all or any portion of the cost of any given project do not convey an ownership interest in the project nor any interest in Portland’s water system. The special project funding options described in subsection (B) below are alternative funding options that may be used only if agreed upon by Purchaser and Portland, each in their sole discretion.
