Common use of Revenue Distribution Clause in Contracts

Revenue Distribution. Subject to the further provisions of this paragraph, revenues derived from the provision of Regional Transmission Service for each transaction shall be distributed such that each RTP that provides transmission service for the transaction will receive a share of those revenues based on the ratio of (i) its applicable OASIS-posted ceiling rate for the transmission service provided to (ii) the sum of the applicable OASIS-posted ceiling rates for the transmission service of all of the RTPs providing the service. For all Regional Transactions in which the Western Area Power Administration (“Western”) participates, its share of revenues shall be capped at its applicable OASIS-posted all-hours non-firm rate. The revenues from transactions in which Western participates when the cap on its revenue share applies shall be distributed first to Western up to its cap and then between the other RTPs providing transmission service for the transaction in accordance with the foregoing ratio calculated among themselves only; provided that none of the RTPs shall receive more than the ceiling rate for non-firm point-to-point transmission service posted on its OASIS.

Revenue Distribution. Subject to the further provisions of this paragraph, revenues derived from the provision of Regional Transmission Service for each transaction shall be distributed such that each RTP that provides transmission service for the transaction will receive a share of those revenues based on the ratio of (i) its applicable OASIS-posted ceiling rate for the transmission service provided to (ii) the sum of the applicable OASIS-posted ceiling rates for the transmission service of all of the RTPs providing the service. For all Regional Transactions in which the Western Area Power Administration (“Western”) participates, its share of revenues shall be capped at its applicable OASIS-posted all-hours non-firm rate. The revenues from transactions in which Western participates when the cap on its revenue share applies shall be distributed first to Western up to its cap and then between the other RTPs providing transmission service for the transaction in accordance with the foregoing ratio calculated among themselves only; , provided that none of the RTPs shall receive more than the ceiling rate for non-firm point-to-point transmission service posted on its OASIS.