Common Contracts
1 similar Transmission Facilities Purchase Agreement contracts
Subject: Town of New Shoreham Project Transmission Facilities Purchase AgreementTransmission Facilities Purchase Agreement • March 28th, 2014
On March 13, 2014, National Grid (“NGRID”) filed a request with the Rhode Island Division of Public Utilities and Carriers (“Division”) seeking consent to execute the Transmission Facilities Purchase Agreement (“Agreement”), pursuant to which NGRID would purchase the existing assets of Deepwater Wind Block Island Transmission, LLC (“DWBIT”), a Delaware limited liability company. The Agreement was filed pursuant to R.I.G.L 39-26.1-7(f). Under that section, the Division shall have twenty days to review the agreement to determine if the terms and pricing of the Agreement are reasonable, taking into account the intention of the legislature to advance the project as a policy making matter. The assets being purchased by NGRID at this time are studies and permits, but do not include any physical assets or plant under construction or in-service. NGRID and Deepwater Wind have previously entered into a purchased power agreement (“PPA”), approved by the Public Utilities Commission, whereby NGRID
