Environmental Response Costs definition

Environmental Response Costs means any and all costs associated with Environmental Response Actions including, without limitation, any and all fines, penalties and damages.

Environmental Response Costs. “Environmental Response Costs” are all the reasonable and prudently incurred costs associated with evaluation, remedial and clean-up obligations of Providence Gas Company arising out of the Company’s utility- related ownership and/or operation of: (1) manufactured gas plants and sites associated with the operation and disposal activities from such gas plants; (2) mercury regulators; and (3) meter disposal. In addition to actual remedial and clean up costs, “Environmental Response Costs” also include costs of acquiring property associated with the clean up of such sites as well as litigation costs, claims, judgments, and settlements associated with such sites. The Company will use best efforts to satisfy its obligation to minimize the Environmental Response Costs charged to the fund consistent with applicable regulatory requirements and sound environmental policies and to minimize litigation costs that may arise. Any applicable insurance proceeds net of costs associated with obtaining such proceeds shall be credited to the fund. To the extent the Company incurs any other environmental liability of which it is not aware as of the date of this Settlement, the Company has the right to defer and then request in a subsequent proceeding that the Commission allow such costs incurred in connection with such liability to be included as “Environmental Response Costs”.

Environmental Response Costs means costs for Environmental Response Actions and oversight costs incurred by USEPA, MADEP, or any other government agency. Liability for Environmental Response Costs, when used herein, shall include all theories of liability, including direct and contribution.

Examples of Environmental Response Costs in a sentence

• Environmental Response Costs shall include all costs of investigation, testing, remediation, litigation expenses, and other liabilities relating to manufactured gas Program sites, disposal sites, or other sites onto which material may have migrated, as a result of the operating or decommissioning of New Hampshire gas manufacturing facilities.

• Entries to this account shall be determined as outlined in the Local Distribution Adjustment Clause, 17(C).1920-1863 Environmental Response Costs Reconciliation Adjustment: This account shall be used to record the cumulative difference between the revenues toward environmental response costs as calculated by multiplying the ES times monthly firm sales volumes and delivery service throughput and environmental response costs allowable per formula.

• Any cash expenditures shall be charged to the fund as long as the costs that are or have been incurred are Environmental Response Costs, as defined above.

• The quotient obtained by dividing the Environmental Response Costs to be Recovered in the Recovery Year by the total number of Dekatherms of the Company’s system Designated Design Day Capability.

• Environmental Response Costs are collected from customers as incurred and are recoverable through the CTC pursuant to section 1.2.2 (i) of the CTC formula.

• One seventh of each calendar year’s Environmental Response Costs (ERC) as defined in Section 6.13, less the deferred tax benefit (DTB) as defined in Section 6.13.

• The Deferred Tax Benefit is calculated by applying the Effective Tax Rate to the Company’s Unamortized Environmental Response Costs to arrive at the deferred tax.

• The Environmental Response Costs to be recovered by the Company during any Recovery Year shall not exceed five percent (5%) of the Company's jurisdictional revenues during the preceding Recovery Year.

• Entries to this account shall be determined as outlined in the Local Distribution Adjustment Clause, 18(C).1920-1863 Environmental Response Costs Reconciliation Adjustment: This account shall be used to record the cumulative difference between the revenues toward environmental response costs as calculated by multiplying the ES times monthly firm sales volumes and delivery service throughput and environmental response costs allowable per formula.

• Environmental Response Costs shall include all costs of investigation, testing, remediation, litigation expenses, and other liabilities relating to manufactured gas plant sites, disposal sites, or other sites onto which material may have migrated, as a result of the operating or decommissioning of New Hampshire gas manufacturing facilities.

More Definitions of Environmental Response Costs

Environmental Response Costs means any and all costs associated with Environmental Response Actions including, without limitation, any and all fines, penalties and damages. As used in this Agreement, the term "Hazardous Materials" means any substance, material or waste which is (1) defined as a "hazardous waste," "hazardous material," "hazardous substance," "extremely hazardous waste," "restricted hazardous waste," "pollutant" or any other terms comparable to the foregoing terms under any provision of California law or federal law; (2) petroleum; (3) asbestos; (4) polychlorinated biphenyls;