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Common use of Security Arrangement Clause in Contracts

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, such prepayment amount or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as contemplated by Milestones 2 and 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 2 contracts

Samples: Standard Small Generator Interconnection Agreement, Service Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, such prepayment amount or security amount to be provided at At least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as procurement contemplated by Milestones 2 and Milestone 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by , Interconnection Customer may be adjusted by shall provide to Connecting Transmission Owner following completion security in the form of engineering a letter of credit in accordance with Section 6.3 of this Agreement in the amount of $1,943,000 for the estimated cost of the Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due Facilities described in accordance with this Section Attachment 2 of and Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 6 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Service Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) . $962,500, 874,300 such prepayment amount or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as contemplated by Milestones 2 and 3 in the table contained in Section 1 of this Attachment 4; and (2) . $1,682,700 2,496,400 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. Attachment 5‌ The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, time to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. Attachment 6‌ The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Service Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, such prepayment amount or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as contemplated by Milestones 2 and 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. SERVICE AGREEMENT NO. 2720 As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. 4-5 SERVICE AGREEMENT NO. 2720 Attachment 5 Additional Operating Requirements for the New York State Transmission System, the Distribution System and Affected Systems Needed to Support the Interconnection Customer’s Needs The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. SERVICE AGREEMENT NO. 2720 Attachment 6 Connecting Transmission Owner’s Description of its Upgrades and Best Estimate of Upgrade Costs The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.. The cost estimate for System Upgrade Facilities and System Deliverability Upgrades shall be taken from the ISO OATT Attachment S cost allocation process or applicable

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) . $962,500, 874,300 such prepayment amount or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as contemplated by Milestones 2 and 3 in the table contained in Section 1 of this Attachment 4; and (2) . $1,682,700 2,496,400 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, time to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Service Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, 1,385,000 such prepayment amount or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as contemplated by Milestones 2 and 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 1,971,300 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (6) (7) (8) (9) (10) (a) The Interconnection Customer must comply with all applicable NYISO tariffs and proceduresProcedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, such prepayment amount or security amount to be provided at At least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as procurement contemplated by Milestones 2 and Milestone 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by , Interconnection Customer may be adjusted by shall provide to Connecting Transmission Owner following completion security in the form of engineering a letter of credit in accordance with Section 6.3 of this Agreement in the amount of $5,097,000 for the estimated cost of the Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due Facilities described in accordance with this Section Attachment 2 of and Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 6 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Service Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, such prepayment amount or security amount to be provided at At least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as procurement contemplated by Milestones 2 and Milestone 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by , Interconnection Customer may be adjusted by shall provide to Connecting Transmission Owner following completion security in the form of engineering a letter of credit in accordance with Section 6.3 of this Agreement in the amount of $5,097,000 for the estimated cost of the Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due Facilities described in accordance with this Section Attachment 2 of and Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 6 of this Agreement. The amount of any security provided by 4-4 SERVICE AGREEMENT NO. 2778 Attachment 5 Additional Operating Requirements for the New York State Transmission System, the Distribution System and Affected Systems Needed to Support the Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. Customer’s Needs The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. 5-1 SERVICE AGREEMENT NO. 2778 Attachment 6 Connecting Transmission Owner’s Description of its Upgrades and Best Estimate of Upgrade Costs The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.. The cost estimate for System Upgrade Facilities and System Deliverability Upgrades shall be taken from the ISO OATT Attachment S cost allocation process or applicable

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement

Security Arrangement. As In lieu of posting the security contemplated by Article 6.3 of this Agreement, and as agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments has elected to prepay Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make , such prepayment or security installments to be made in accordance with the following schedule: (1) : $962,500763,200, such prepayment amount or security amount to be provided due and payable at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as procurement contemplated by Milestones Milestone 2 and 3 in the table contained in Section 1 A of this Attachment 4; and and an additional $753,700 (2) $1,682,700 the “Construction Prepayment”), subject to adjustment as contemplated below, such prepayment or security amount to be provided due and payable at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as construction contemplated by Milestones 14 and 16 Milestone 9 in the table contained in Section 1 A of this Attachment 4; and . The actual amount of the prepayment or security Construction Prepayment to be provided paid by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security Construction Prepayment amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, engineering or construction, as applicable, unless the Connecting Transmission Owner has received payment in full of the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any the prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of prepayment amounts are estimates only and shall not limit Interconnection Customer’s obligation to pay Connecting Transmission Owner for all costs actually incurred by Connecting Transmission Owner to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades as contemplated by this Agreement, and for any security provided other unpaid amounts due and payable by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 the terms of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) . The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) . To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, time to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, such prepayment amount or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as contemplated by Milestones 2 and 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. Attachment 5‌ The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. Attachment 6‌ The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement

Security Arrangement. As In lieu of posting the security contemplated by Article 6.3 of this Agreement, and as agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments has elected to prepay Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make , such prepayment or security installments to be made in accordance with the following schedule: (1) : $962,500895,500, such prepayment amount or security amount to be provided due and payable at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as procurement contemplated by Milestones Milestone 2 and 3 in the table contained in Section 1 A of this Attachment 4; and and an additional $2,264,500 (2) $1,682,700 the “Construction Prepayment”), subject to adjustment as contemplated below, such prepayment or security amount to be provided due and payable at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as construction contemplated by Milestones 14 and 16 Milestone 9 in the table contained in Section 1 A of this Attachment 4; and . The actual amount of the prepayment or security Construction Prepayment to be provided paid by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security Construction Prepayment amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, engineering or construction, as applicable, unless the Connecting Transmission Owner has received payment in full of the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any the prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of prepayment amounts are estimates only and shall not limit Interconnection Customer’s obligation to pay Connecting Transmission Owner for all costs actually incurred by Connecting Transmission Owner to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades as contemplated by this Agreement, and for any security provided other unpaid amounts due and payable by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 the terms of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) . The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) . To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, time to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) . $962,500, 874,300 such prepayment amount or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as contemplated by Milestones 2 and 3 in the table contained in Section 1 of this Attachment 4; and (and 2) . $1,682,700 2,496,400 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of any security provided by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement

Security Arrangement. As In lieu of posting the security contemplated by Article 6.3 of this Agreement, and as agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 Error! Reference source not found. of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments has elected to prepay Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make , such prepayment or security installments to be made in accordance with the following schedule: (1) $962,500671,200, such prepayment amount or security amount to be provided due and payable at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as procurement contemplated by Milestones Milestone 2 and 3 in the table contained in Section 1 A of this Attachment 4; and (2) an additional $1,682,700 695,700 (the “Construction Prepayment”), subject to adjustment as contemplated below, such prepayment or security amount to be provided due and payable at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as construction contemplated by Milestones 14 and 16 Milestone 10 in the table contained in Section 1 A of this Attachment 4; and . The actual amount of the prepayment or security Construction Prepayment to be provided paid by Interconnection Customer may be adjusted by Connecting Transmission Owner following completion of engineering for Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security Construction Prepayment amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due in accordance with this Section 2 of Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, engineering or construction, as applicable, unless the Connecting Transmission Owner has received payment in full of the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any the prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 of this Agreement. The amount of prepayment amounts are estimates only and shall not limit Interconnection Customer’s obligation to pay Connecting Transmission Owner for all costs actually incurred by Connecting Transmission Owner to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades as contemplated by this Agreement, and for any security provided other unpaid amounts due and payable by Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 the terms of this Agreement. The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) . The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) . To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, time to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

Appears in 1 contract

Samples: Service Agreement

Security Arrangement. As agreed upon by the Connecting Transmission Owner and Interconnection Customer pursuant to Article 6.1.1 of this Agreement, the Interconnection Customer shall, at the Interconnection Customer’s discretion, either (i) make prepayments (in lieu of posting the security contemplated by Article 6.3 of this Agreement), or (ii) provide security installments to Connecting Transmission Owner in the form contemplated by Article 6.3 of this Agreement, in each case for its estimated costs to design, engineer, procure, construct, and install Connecting Transmission Owner’s Interconnection Facilities and Upgrades. Interconnection Customer shall make such prepayment or security installments in accordance with the following schedule: (1) $962,500, such prepayment amount or security amount to be provided at At least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with engineering and procurement. Such amount to be provided as procurement contemplated by Milestones 2 and Milestone 3 in the table contained in Section 1 of this Attachment 4; and (2) $1,682,700 such prepayment or security amount to be provided at least twenty (20) Business Days prior to Interconnection Customer’s issuance of the written authorization to proceed with construction. Such amount to be provided as contemplated by Milestones 14 and 16 in the table contained in Section 1 of this Attachment 4; and The actual amount of the prepayment or security to be provided by , Interconnection Customer may be adjusted by shall provide to Connecting Transmission Owner following completion security in the form of engineering a letter of credit in accordance with Section 6.3 of this Agreement in the amount of $1,943,000 for the estimated cost of the Connecting Transmission Owner’s Interconnection Facilities and System Upgrade Facilities; Connecting Transmission Owner shall provide written notice to Interconnection Customer of the adjusted prepayment or security amount, together with reasonable supporting documentation of the related cost estimates. If at any time after Interconnection Customer has made a prepayment of amounts due Facilities described in accordance with this Section Attachment 2 of and Attachment 4, Interconnection Customer provides Connecting Transmission Owner with security satisfying the requirements of Article 6.3 in an amount at least equal to the amount required to be provided as of such date by this Section 2, Connecting Transmission Owner will refund to Interconnection Customer any prepayment or portion thereof that Interconnection Customer has made prior to the date such alternate security is provided and that has not been applied against Interconnection Customer’s payment obligations as of such date. The Connecting Transmission Owner shall not be obligated to commence engineering, procurement, or construction, as applicable, unless the Connecting Transmission Owner has received the corresponding prepayment or security installment as contemplated above. As agreed to by Interconnection Customer and Connecting Transmission Owner, the Connecting Transmission Owner shall issue Interconnection Customer an invoice on a monthly basis detailing Interconnection Customer’s cost responsibility under this Agreement and providing the net amount, if any, due to Connecting Transmission Owner after Connecting Transmission Owner has applied any prepayment amounts towards settlement of the invoice. For the avoidance of doubt, Connecting Transmission Owner shall apply the full amount of any prepayment amount held by Connecting Transmission Owner against Interconnection Customer’s cost responsibility under this Agreement before Interconnection Customer is required to pay any amount in excess of such prepayment amount. If any amount is due from Interconnection Customer, it shall make such payments pursuant to Article 6.1.1 6 of this Agreement. The amount of any security provided by 4-4 SERVICE AGREEMENT NO. 2777 Attachment 5 Additional Operating Requirements for the New York State Transmission System, the Distribution System and Affected Systems Needed to Support the Interconnection Customer under this Section 2 shall be reduced for payments made by Interconnection Customer as provided in Article 6.3 of this Agreement. Customer’s Needs The NYISO, in consultation with the Connecting Transmission Owner, shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the New York State Transmission System or the Distribution System. (a) The Interconnection Customer must comply with all applicable NYISO tariffs and procedures, as amended from time to time. (b) To the extent not inconsistent with the terms of this Agreement, the ISO OATT, or applicable NYISO procedures, Interconnection Customer must comply with Connecting Transmission Owner’s operating instructions and requirements, which requirements shall include the dedicated data circuits, including system protection circuits, to be maintained by Interconnection Customer in accordance with Article 1.5 of this Agreement. Interconnection Customer must also comply with the applicable requirements as set out in the Connecting Transmission Owner’s ESBs, which have been identified and provided to the Interconnection Customer as amended from time to time, to the extent not inconsistent with the terms of this Agreement or applicable NYISO tariffs and procedures. Upon the Connecting Transmission Owner’s notice to the Interconnection Customer of amendments to the ESBs, the Interconnection Customer has 30 days to comply with such amendments. 5-1 SERVICE AGREEMENT NO. 2777 Attachment 6 Connecting Transmission Owner’s Description of its Upgrades and Best Estimate of Upgrade Costs The NYISO, in consultation with the Connecting Transmission Owner, shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Connecting Transmission Owner shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.. The cost estimate for System Upgrade Facilities and System Deliverability Upgrades shall be taken from the ISO OATT Attachment S cost allocation process or applicable

Appears in 1 contract

Samples: Standard Small Generator Interconnection Agreement