Service life. For purposes of calculating the Transmission Service Payments under the Formula Rate, (a) the depreciable life of any depreciable asset comprising part of the Northern Pass Transmission Line as of the Commercial Operation Date shall be equal to forty (40) years, and (b) the depreciable life of a capital addition that is placed-in-service after the Commercial Operation Date shall be equal to the lesser of (i) its economic life and (ii) the remaining Term as of the placed-in-service date.
Appears in 4 contracts
Samples: Transmission Service Agreement, Transmission Service Agreement (Public Service Co of New Hampshire), Transmission Service Agreement (Public Service Co of New Hampshire)
