Common use of Stranded Costs Clause in Contracts

Stranded Costs. In the event retail wheeling is instituted in Georgia, for whatever reason, and OPC or the EMC Customers may be entitled to receive compensation associated with stranded generating or other assets, the LG&E Parties shall have no claim or entitlement to any such compensation, nor shall the LG&E Parties have any obligation or liability for the payment of any such compensation, attributable to OPC Resources.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement (Lg&e Energy Corp), Power Purchase and Sale Agreement (Oglethorpe Power Corp)

AutoNDA by SimpleDocs

Stranded Costs. In the event retail wheeling is instituted in Georgia, for whatever reason, and OPC or the EMC Customers any Participating Member, may be entitled to receive compensation associated with stranded generating or other assets, the LG&E Parties shall have no claim or entitlement to any such compensation, nor shall the LG&E Parties have any obligation or liability for the payment of any such compensation, attributable to OPC Resources.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement (Oglethorpe Power Corp), Power Purchase and Sale Agreement (Lg&e Energy Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!