Stranded Cost Recovery. The Transmission Provider may seek to recover stranded costs from the Transmission Customer pursuant to this Tariff subject to the Dispute Resolution provisions in Section 12.
Stranded Cost Recovery. 11.1 This Lease does not in any way affect the right of any Party or affiliate thereof to seek and recover stranded cost recovery.
Stranded Cost Recovery. The Transmission Owners other than NYPA may seek to recover stranded costs from the Network Customer pursuant to this Tariff in accordance with the terms, conditions and procedures set forth in FERC Order No. 888. However, the Transmission Owners must separately file any proposal to recover stranded costs under Section 205 of the FPA. This provision shall not supersede or otherwise affect a Transmission Owner’s right to recover stranded costs under other authority. To the extent that LIPA’s rates for service are established by Long Island Power Authority’s Board of Trustees pursuant to Article 5, Title 1-A of the New York Public Authorities Law, Sections 1020-f(u) and 1020-s and are not subject to FERC and/or PSC jurisdiction, XXXX’s recovery of stranded costs will not be subject to the foregoing requirements. Upon filing of a proposal to recover stranded costs under the FPA, the Transmission Owner shall immediately provide the ISO with a copy of the appropriate rate schedule which will be incorporated as a new SIRC rate schedule under this ISO OATT, subject to refund as may be required by the Commission. The ISO shall collect such SIRC from Network Service Customers and remit the collected amounts to the applicable Transmission Owner(s). Any SIRC rate schedule developed by LIPA under this ISO OATT will be effective upon receipt by the ISO, subject to any applicable laws and orders.
Stranded Cost Recovery. The Transmission Provider may seek to recover stranded costs from the Transmission Customer in a manner consistent with applicable Federal law and regulations.
Stranded Cost Recovery. The Transmission Provider may seek to recover stranded costs from the Transmission Customer pursuant to this Tariff and pursuant to Section 7 of the Northwest Power Act.
Stranded Cost Recovery. 2.1 TEP shall have a reasonable opportunity to recover its stranded costs, including its regulatory assets. TEP shall be authorized to recover its stranded costs in the following manner:
Stranded Cost Recovery. If Buyer purchases less than [***]% of the Annual Target Volume in any given calendar year (the “Stranded Cost Recovery Trigger”), then Supplier will recalculate the Price for each Product based on the actual purchased volume (the “Recalculated Price”), taking into account the impact of actual changes in volumes purchased to components of the Price, including but not limited to Byproduct Downgrade Fee, Production Variable Costs, and Production Fixed Costs, but specifically excluding the Upgrade Carbon Fee. (i) If the sum of Recalculated Price for each Product multiplied by the volume of each such Product actually purchased is greater than the sum of the Price for each Product multiplied by the volume of each such Product actually purchased (the “Underpayment”), then Supplier will issue an invoice in the amount of the Underpayment to Buyer and Buyer will make payment pursuant to the terms of the Agreement. (ii) If the sum of Recalculated Price for each Product multiplied by the volume of each such Product actually purchased is less than the sum of the Price for each Product multiplied by the volume of each such Product actually purchased (the “Overpayment”), then Supplier will issue a credit to Buyer in the amount of the Overpayment. If the Stranded Cost Recovery Trigger applies, Supplier will provide the calculations used to determine the Underpayment or Overpayment, as applicable, within 45 days of the end of the calendar year.
Stranded Cost Recovery. The Settlement stated that the “objective of the divestiture process is to eliminate and recover all power supply obligations within 12 years of the Choice Date” (section 4.2) and allowed for a longer period of time for contract release payments. The Companies’ testified that they anticipated being able to complete the recovery within 10 years from the completion of divestiture. The Commission also believed that the stranded costs should be recovered within 10 years, but allowed a cap of 12 years from the date of divestiture for such recovery and required that the Settlement and the Amended System Agreement be so amended. The Commission noted that in agreeing to this period for recovery it was providing for a recovery period well beyond the seven and one-half year notice of termination provision contained in the all-requirements wholesale power sales contract that UPC has with CECo and E&H.
