Electric Interconnection Agreement definition
Examples of Electric Interconnection Agreement in a sentence
If any Contract Capacity, Storage Capacity, Contract Energy, Storage Energy, or physical Other Electric Products provided by Seller hereunder fails to conform to the specifications therefor set forth in the Electric Interconnection Agreement and applicable Laws, then Seller, upon obtaining knowledge thereof, immediately shall exercise reasonable best efforts to correct such non-conformity and the obligations set forth in Section 9.7 shall apply with respect to such non-conformity.
In such event, Calpine shall be entitled (a) to receive the full benefit of any payment, credit or discount received by the Company under such Electric Interconnection Agreement to the extent attributable to Calpine's payment for such upgrade and (b) to assign such benefits to third parties, including Calpine Energy.
If Calpine recommends that the Company pay for any upgrade to the transmission system of either Cleco Power or Entergy Gulf States pursuant to an Electric Interconnection Agreement and the Management Committee does not approve such expense, Calpine shall be entitled to agree to such upgrade on behalf of the Company so long as Calpine funds the expense for such upgrade in full.