Examples of Amended PPA in a sentence
Overall the IE states that it agrees with PG&E that the Amended PPA merits Commission approval.
In order to exercise the Option, PSNH shall provide a written notice to the Site Owner (or any successor thereof of record) within the Option Exercise Period, which notice shall include a statement of the value of the Cumulative Reduction (as defined in the Amended PPA) existing as of the date of expiration or termination of the Amended PPA.
Site Owner hereby grants to PSNH, and its successors and assigns, for the fixed period co-extensive with the fixed period of the twenty (20) “Operating Years” from the “In-Service Date” (as defined under the Amended PPA), an exclusive, irrevocable option (the “Option”) to purchase the Facility and the Facility Site (together, the “Facility Assets”) within the Option Exercise Period hereafter stated and subject to the purchase conditions and terms hereafter stated.
The Clause 3.0 (a) of Schedule II of the Amended PPA provides that depreciation charges shall be equal to 7.5% of the Capital Cost during the year.
As per Clause 8.0 (7) and (11) of Schedule II of the Amended PPA, loan amount is Rs. 610 crore and interest on loan will be paid as per actual.
The PUC found the purchased power costs to be reasonable and that the arrangements under the Amended PPA were prudent and in the public interest.
The PUC also denied LOL due process by preventing LOL from addressing the impacts of approving the Amended PPA on LOL’s right to a clean and healthful environment, as defined by HRS Chapter 269.
The purchased power costs and arrangements set forth in the [Amended] PPA appear reasonable, prudent, in the public interest, and consistent with HRS chapter 269 in general, and HRS § 269-27.2(c), in particular.
Capitalized terms used in this Agreement that are not defined herein shall have the respective meanings given in Amended PPA.
Thus, in approving the Amended PPA, the PUC was required to expressly consider the reduction of GHG emissions.