Examples of Operations Services Agreement in a sentence
PSEG Long Island LLC (“PSEG LI”) and LIPA (the Connecting Transmission Owner) are parties to the Amended and Restated Operations Services Agreement dated as of December 31, 2013 (“A&R OSA”).
Nothing herein shall be read to change or modify Manager’s duties and obligations or create any liability on the part of Manager beyond that set forth in the Operations Services Agreement.
M Manager: PSEG Long Island LLC, the entity engaged by the Authority to operate, maintain, manage and act as agent for the Authority’s system pursuant to the terms and conditions of the Operations Services Agreement.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations for the years ended August 31, 2020 and August 31, 2019Net Revenue, Cost of Sales and Gross Loss The Company entered into a Management and Operations Services Agreement with Valkor LLC on November 20, 2020, effective May 1, 2020.
Operations Services Agreement: A contractual agreement (as may be amended, modified, or supplemented from time to time) between PSEG Long Island and the Authority, under which PSEG Long Island operates, maintains, and manages the Authority’s transmission and distribution system.
Part of the scope of NorthStar’s audit was a review of progress towards implementing 83 recommendations made in its June 2013 audit report, which was issued nearly simultaneously with passage of the LIPA Reform Act and prior to finalization of the Amended & Restated Operations Services Agreement (A&R OSA) with PSEG Long Island, which became effective on January 1, 2014.
Below is a summary of the Authority’s primary operating agreements: Amended and Restated Operations Services Agreement (OSA): Effective January 1, 2014, PSEG Long Island LLC (PSEG Long Island), a wholly owned subsidiary of Public Service Enterprise Group (PSEG), fully dedicated to the Authority’s Long Island operations, provides operations, maintenance and related services for the T&D system under the OSA.
This Amendment amends the Managed Operations Services Agreement, dated February 6, 2001, between Franklin and IBM as modified or amended prior to the date hereof including any schedules, supplements, exhibits and attachments thereto (the "Agreement").
See Docket No. 19-1 at 5, ¶ 4(c) (“Upon termination of the Operations Services Agreement for any reason, [Leiserv] shall have the exclusive option to purchase the Center from [Summit] for fair market value.”).
This Term Sheet is intended to provide a summary of the principal terms and conditions of a proposed amendment (the “Amendment”) to the Amended and Restated Operations Services Agreement (the “OSA”) between the Long Island Lighting Company d/b/a LIPA, a New York corporation (“LIPA”), and PSEG Long Island LLC (the “Service Provider”), dated December 31, 2013, to give effect to the Long Range Plan (as defined in the OSA).