Examples of Common Use Upgrade in a sentence
Transmission Provider will reevaluate the need for any Common Use Upgrade(s) and/or Shared Network Upgrade(s), and if still required, reallocate the cost and responsibility for any Common Use Upgrade and/or Shared Network Upgrade, without a restudy when possible, or with a restudy if the Transmission Provider deems it necessary in order to ensure reliability of the Transmission System.
Cost responsibility shall be described as a percentage of the total estimated cost of each Common Use Upgrade.
The cost responsibility of each Project Developer for each Common Use Upgrade described in the attached Schedule A shall be described in the attached Schedule B.
For a MPFCA, Transmission Provider shall provide the draft MPFCA to all Interconnection Customers that create the need and share the responsibility for the Common Use Upgrade.
Each Interconnection Customer will adjust its Security to equal the sum of that Interconnection Customer’s Cost Share Percentage applied to the ACUC (“ACUC Cost Share”) for each Common Use Upgrade subject to this Service Agreement if the one-time true-up adjustment described in Section III.g. determines the ECUC for one or more Common Use Upgrade(s) to be less than the ACUC for those Common Use Upgrade(s).
Each Interconnection Customer may reduce its Security to an amount equal to the sum of that Interconnection Customer’s ACUC Cost Share for each Common Use Upgrade subject to this Service Agreement if the one-time true-up adjustment described in Section III.g. determines the ECUC for one or more Common Use Upgrade(s) to be greater than the ACUC for one or more Common Use Upgrade(s).
The Common Use Upgrade allows several known beneficiaries of a network upgrade to share the costs of these upgrades in advance.
If MISO determines restudy is required because one of the contingencies in Article 11.3.1 of the GIA has occurred, or at MISO’s discretion, MISO will reevaluate the need for the Common Use Upgrade and/or Shared Network Upgrade, and if still required, reallocate the cost and responsibility for any Common Use Upgrade and/or Shared Network Upgrade, without a restudy when possible, or with a restudy if MISO deems it necessary in order to ensure reliability of the Transmission System.
This Service Agreement shall continue until twenty (20) years of Annual Payments and the appropriate Prorated Payments for each Common Use Upgrade governed by this Service Agreement have been collected by Owner from each Interconnection Customer (“Term”), subject to Sections IV and V hereof, unless the Parties mutually agree on a different term for this Service Agreement.
Transmission facilities are not custom built, so an upgrade generally provides more capacity than is immediately needed (in this case, enough for Generators A, B, and C).60 The SNU designation builds on the Common Use Upgrade already in place in the Tariff.