Examples of Capital Costs in a sentence
In accordance with Article 15.3 of the Agreement and the provisions of the ISO OATT, the details of the Designated Entity’s Cost Cap for the Included Capital Costs of the Designated Project are set forth in this Appendix D.
Except as provided in Article 15.3 of this Agreement or Section 6.10.6.3 of the ISO OATT, responsibility for Included Capital Costs, as defined in Section 31.4.5.1.8.1 of the ISO OATT, greater than this Cost Cap will be shared between the Designated Entity and ratepayers based on the cost sharing percentage set forth below.
Cap The Designated Entity submitted a soft Cost Cap for the Included Capital Costs (as defined in Section 31.4.5.1.8.1 of the ISO OATT) of the Designated Project as a part of its proposed solution to the Long Island Offshore Wind Export Public Policy Transmission Need.
The Designated Entity’s Cost Cap for the Included Capital Costs of the Designated Project equals $2,639,763,454, which is based on the Included Capital Costs of $2,553,950,711 plus an escalation factor of 2% per annum for the period of time between project submission (October 11, 2021) and project selection (June 20, 2023) as contained in the Designated Entity’s submittal in the NYISO’s Public Policy Transmission Planning Process.
The defined percentage for the sharing of Included Capital Costs greater than the Cost Cap between the Designated Entity and ratepayers is as follows: Designated Entity’s Responsibility = 20% of Included Capital Costs above the Cost Cap Ratepayers’ Responsibility = 80% of Included Capital Costs above the Cost Cap As required by Article 15.3 of this Agreement, the Designated Entity further agrees to implement the Cost Cap in accordance with Section 6.10.6.3 of Rate Schedule 10.