Surveillance Reports Clause Samples
The Surveillance Reports clause requires one party to regularly provide detailed updates or reports regarding surveillance activities conducted under the agreement. These reports typically include information such as the scope of surveillance, findings, and any incidents or irregularities observed during the monitoring period. By mandating the submission of such reports, the clause ensures transparency and accountability in surveillance operations, allowing the other party to monitor compliance and address any issues promptly.
Surveillance Reports. Westcoast will file quarterly and year end surveillance reports with the Board with respect to Zones 3 and 4 in accordance with the Board’s requirements for Group 1 pipeline companies, subject to such modifications as may be agreed to by the TTTF, supplemented with the following information:
(a) revenue requirement/cost of service summary by Zones 3 and 4 (year‐end); and
(b) average rate base summary by Zones 3 and 4 (year‐end).
Surveillance Reports. KCPL shall continue to submit to the Staff, Public Counsel and all other Signatory Parties who request them its annual surveillance report in the same format previously provided by KCPL.
Surveillance Reports. Westcoast will file quarterly and year-end surveillance reports with the Board with respect to Zones 3 and 4 in accordance with the Board’s requirements for Group 1 pipeline companies, subject to such modifications as may be agreed to by the TTTF, supplemented with the following information:
(a) revenue requirement/cost of service summary, together with an explanation of material variances (quarterly and year-end);
(b) revenue requirement/cost of service summary by Zones 3 and 4 (year-end);
(c) income tax expense (year-end);
(d) status of tax assessments and any reassessments (year-end);
(e) UCC/capital cost allowance (year-end);
(f) long-term debt (year-end);
(g) short-term debt (year-end);
(h) average rate base summary (year-end);
(i) average rate base summary by Zones 3 and 4 (year-end);
(j) Section 58 Applications (quarterly and year-end):
(i) reference;
(ii) description;
(iii) amount;
(iv) Board approval;
(v) allocations to G&P and Transmission; and
(vi) forecast date in service;
(k) capital expenditures shown on Rate Base page 2.2 of the information package provided by Westcoast to the Stakeholders on June 19, 2008 and the equivalent page for 2009 and 2010 provided by Westcoast to the Stakeholders (year-end):
(i) forecast versus actual costs;
(ii) material changes in scope and cost of forecast projects;
(iii) summary of projects deferred and new projects added;
(iv) explanation of any cost overruns of greater than 10% from original forecast of projects transferred to gas plant in service; and
(v) designation of each project as either a maintenance, integrity, compressor upgrade or expansion project;
(l) revenue deferral account balances;
(m) forecast versus actual activities and costs for pipeline integrity activities (O&M and capital) (semi-annual);
(n) forecast versus actual activities and costs for the following O&M activities (semi-annual): (i) aerial crossing maintenance; (ii) vegetation management; and (iii) compressor overhauls;
(o) actual and approved return on rate base (year-end);
(p) actual and approved return on common equity (year-end);
(q) actual and deemed composite depreciation rate used in this Agreement (year-end);
(r) the following metrics (year-end) in addition to the Board’s required annual surveillance report metrics:
(i) compressor fuel use per throughput-km; and
(ii) integrity (O&M and capital) costs per km of pipe;
(s) number of any full time equivalent positions contracted out to third parties (year-end); and
(t) forecast ve...
Surveillance Reports. Westcoast will file quarterly and year end surveillance reports with the CER with respect to Zones 3 and 4 in accordance with the CER’s requirements for Group 1 pipeline companies, supplemented with the following information:
(a) revenue requirement/cost of service summary by Zones 3 and 4 (year-end); and
(b) average rate base summary by Zones 3 and 4 (year-end).