Class Year Study definition

Class Year Study means a Class Year Interconnection Facilities Study as that term is defined in OATT Section 25 (OATT Attachment S).
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Class Year Study for Class Year 2017 identified the transmission system of Niagara Mohawk Power Corporation d/b/a National Grid (“National Grid”) as an Affected System in connection with the interconnection of the Large Generating Facility. The Class Year Study indicated that National Grid would need to coordinate the protection of its system based on the interconnection of the Large Generating Facility. The Class Year Study estimated the cost of work related to National Grid’s system at $20,000, which costs were included in the Project Cost Allocation. The Developer accepted its Project Cost Allocation and posted the related Security. The Developer and Connecting Transmission Owner shall coordinate with National Grid, and enter into any required study agreement with National Grid, concerning National Grid’s evaluation of the impacts of the interconnection on its system. If National Grid determines that physical upgrades are required on its system to coordinate system protection, the Developer, National Grid, the Connecting Transmission Owner, and the NYISO will enter into an Engineering, Procurement, and Construction Agreement to address this work. The Developer shall be responsible for the costs associated with National Grid’s work; provided, however, that any costs that are above the Project Cost Allocation identified in the Class Year Study and accepted by the Developer shall be allocated in accordance with Section 25.8.6 of Attachment S of the NYISO OATT.
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Examples of Class Year Study in a sentence

  • If the LGIA is executed prior to the completion of the Class Year Study, the Developer must agree, in the LGIA, that in the Class Year decision process, it will accept the Project Cost Allocation and post Security for any System Upgrade Facilities that are identified and cost allocated in the Class Year Study even if such Project Cost Allocations exceed the estimates included in the LGIA and include equipment not identified in the LGIA.

  • The Developer executing an LGIA prior to the completion of a Class Year Study cannot participate as an Installed Capacity Supplier until after the Class Year Study is completed and (1) the project is deemed deliverable and accepts its deliverable megawatts; or (2) the Developer accepts its Project Cost Allocation and posts Security for any required System Deliverability Upgrades.

  • To the extent that upgrades or cost estimates in the Class Year Study differ from the amounts or descriptions in the LGIA, the Developer shall work with the ISO and Connecting Transmission Owner to promptly amend the LGIA as needed.


More Definitions of Class Year Study

Related to Class Year Study

  • Election cycle means the period beginning on the first day persons are eligible to

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Plan Year means the calendar year.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Enrollment Period means that period of time prescribed by the Administrator, which period shall conclude prior to the Offering Date, during which Eligible Employees may elect to participate in an Offering Period. The duration and timing of Enrollment Periods may be changed or modified by the Administrator from time to time.

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.

  • Deferral Election Form means each form established from time to time by the Administrator that the Executive completes, signs and returns to the Administrator to designate the amount of Deferrals.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.