Common use of TRANSFER ARRANGEMENT Clause in Contracts

TRANSFER ARRANGEMENT. 2.1 In carrying out the interconnected operation of their respective systems as provided for under the Agreement, energy being received by a portion of one party's system from another portion of its system or to the system of another interconnected company, may flow over the transmission facilities of the other party as a natural result of the physical and electrical characteristics of the interconnected network of transmission lines to which the parties are connected. Such flow of energy may occur during periods when conditions of system operation are normal or may occur during periods of emergency caused by the failure of either sources of power or transmission facilities, or both. In respect to such flow of energy (hereinafter called "energy transfer") the parties agree as follows:

Appears in 5 contracts

Samples: Agreement (Ipalco Enterprises, Inc.), Agreement (Indianapolis Power & Light Co), Agreement (Indianapolis Power & Light Co)

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