Common use of Strandable Costs Clause in Contracts

Strandable Costs. Prudent and verifiable expenditures and commitments made pursuant to a Transmission Owner’s legal obligations that are currently recovered in the Transmission Owner’s retail or wholesale rate that could become unrecoverable as a result of a restructuring of the electric utility industry and/or electricity market, or as a result of retail-turned-wholesale customers, or customers switching generation or transmission service suppliers. Stranded Investment Recovery Charge. A charge established by a Transmission Owner to recover Strandable Costs. Supplemental Resource Evaluation (“SRE”). A determination of the least cost selection of additional generators, which are to be committed, to meet changed conditions that may cause the original system dispatch to be inadequate to meet load and/or reliability requirements.