REP Benefit Payments to the IOUs Sample Clauses

REP Benefit Payments to the IOUs. ‌ 2 Section 3.1 of the Settlement establishes a schedule of annual REP benefits to be paid to the 3 IOUs in the aggregate (Scheduled Amounts). Scheduled Amounts will increase over time from 4 $182.1 million in FY 2012 to $286.1 million in FY 2028. See Table 1. The Scheduled Amounts 5 constitute the aggregate REP benefits paid to the IOUs, and included in BPA’s rates, under the 6 Settlement. As described more fully in section 4.3.6, this amount may change if BPA is required 7 to set rates differently for COUs that did not sign the Settlement. The Settlement permits BPA to 8 round its rates such that the difference, if any, between the Scheduled Amounts and the amounts 9 payable to the IOUs is no more than one thousand dollars ($1000). 10 11 4.3.3 Refund Amounts to COUs‌ 12 Section 3.2 of the Settlement addresses equity issues among the COUs by establishing Refund 13 Amounts to be provided to COUs during the next eight years of the settlement term. For 14 FY 2012–2019, $76.538 million per year will be included in REP costs recovered in BPA rates 15 in addition to the Scheduled Amounts paid to the IOUs. The $76.538 million per year will be 16 returned to BPA customers that purchase power at the PFp rate based on an allocation approach 17 described in section 4.3.5. 18
Sample 1Sample 2
AutoNDA by SimpleDocs
REP Benefit Payments to the IOUs. 5 Section 3.1 of the Agreement establishes a schedule of annual REP benefits to be paid to the 6 IOUs in the aggregate (Scheduled Amounts). Scheduled Amounts would increase over time 8 Amounts constitute the aggregate REP benefits paid to the IOUs, and included in BPA’s rates, 9 under the Settlement. As described more fully in section 4.3.6, this amount may change if BPA 10 is required to set rates differently for COUs that did not sign the Settlement. The Settlement
Sample 1

Related to REP Benefit Payments to the IOUs

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Public Benefit It is the Parties’ understanding that the commitments agreed to herein, and actions to be taken by Consumer Value under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the Parties’ intent that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Consumer Value’s alleged failure to provide a warning concerning exposure to chromium (VI) prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Consumer Value is in material compliance with this Settlement Agreement.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

Time is Money Join Law Insider Premium to draft better contracts faster.