Common use of Regional Network Service Clause in Contracts

Regional Network Service. The revenues received by the ISO for Regional Network Service shall be distributed to the Transmission Companies owning or supporting PTF in proportion to their respective Annual Transmission Revenue Requirements for PTF, as determined in accordance with the ISO OATT, provided that with respect to VELCO, the revenues distributed for Regional Network Service will not only include distribution for VELCO’s PTF in proportion to their respective PTF Annual Transmission Revenue Requirements, but will also include distribution for HTF in proportion to these respective HTF Annual Transmission Revenue Requirements, to the extent such revenue requirements are included in the RNS rate pursuant to the ISO Tariff, further provided that VELCO shall redistribute such HTF revenues to the transmission owners of the HTF in accordance with an agreement between VELCO and the transmission owners of the HTF.

Regional Network Service. The revenues received by the ISO for Regional Network Service shall be distributed to the Transmission Companies owning or supporting PTF in proportion to their respective Annual Transmission Revenue Requirements for PTF, as determined in accordance with the ISO OATT, provided that with respect to VELCO, the revenues distributed for Regional Network Service will not only include distribution for VELCO’s 's PTF in proportion to their respective PTF Annual Transmission Revenue Requirements, but will also include distribution for HTF in proportion to these respective HTF Annual Transmission Revenue Requirements, to the extent such revenue requirements are included in the RNS rate pursuant to the ISO Tariff, further provided that VELCO shall redistribute such HTF revenues to the transmission owners of the HTF in accordance with an agreement between VELCO and the transmission owners of the HTF.