Common use of Schedule for Facilities Removal Clause in Contracts

Schedule for Facilities Removal. 7.3.1 The Parties agree that the target date to begin Facilities Removal is January 1, 2020. The Parties agree that preparatory work for Facilities Removal may be undertaken by the DRE before January 1, 2020, consistent with the Definite Plan, applicable permits, and Section 6 of this Settlement; provided such preparatory work shall not have any negative impact on PacifiCorp’s generation operations at the Facilities. The Parties further agree to a target date of December 31, 2020 for completion of Facilities Removal at least to a degree sufficient to enable a free-flowing Klamath River allowing volitional fish passage. 7.3.2 The Parties acknowledge and agree that the schedule to accomplish Facilities Removal will be determined by the DRE in accordance with Section 7.3.4. The Parties intend to implement this Settlement based on the following approach to achieve the target dates for Decommissioning and Facilities Removal set forth in Section 7.3.1: A. Collect $172 million of the total Customer Contribution by December 31, 2019, consistent with Section 4; B. Earn approximately $28 million in interest on the Klamath Trust Accounts to provide Value to Customers, which results in a total of $200 million in the accounts available for Facilities Removal costs as illustrated in Appendix H to this Settlement;