Refund of Storage Charges when Storage Sample Clauses

Refund of Storage Charges when Storage is Spilled When energy stored pursuant to paragraph 9(i)(1), Regular Storage, is spilled, the Receiving Party shall refund any initial charges paid to the Supplying Party for the spilled stored energy under paragraph 14(f)(1) above, or retained by the Receiving Party under paragraph 14(e)(3) above. The Reservoir Party that originally accepted the energy for storage shall refund the initial charges even if the stored energy was transferred to a reservoir of another Party pursuant to paragraph 14(f)(6) below prior to the stored energy being spilled. The charges refunded shall be computed by multiplying the megawatt hours of stored energy spilled by the weighted average of the applicable rates of the total energy stored by a Party with the Reservoir Party at the time of the spill, including the stored energy that was spilled.
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Related to Refund of Storage Charges when Storage

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