Common use of Start Up and Development Costs Clause in Contracts

Start Up and Development Costs. The ISO start up and development costs shall include an amortized amount standing to the credit of the ISO Memorandum Account plus any additional start up or development costs incurred after the date of Resolution E-3459 (July 17, 1996) plus any additional capital expenditure budgeted to be incurred by the ISO in 1998 (“Start Up and Development Costs”). The amortized amount to be included in the Grid Management Charge shall be equal to the amount necessary to fully amortize all Start Up and Development Costs over a period 5 years, or such longer period as the ISO Governing Board shall decide.