Phase II Utility definition

Phase II Utility means an investor-owned incumbent electric utility that was, as of July 1, 1999,
Sample 1Sample 2Sample 3
Phase II Utility means an investor-owned incumbent electric utility that was, as of July 1, 1999, bound by a rate case settlement adopted by the Commission that extended in its application beyond January 1, 2002.
Sample 1Sample 2Sample 3

Examples of Phase II Utility in a sentence

  • A Phase I and Phase II Utility shall not be eligible to earn a rate of return on any equity or costs incurred to comply with the program requirements or implementation.§ 56-594.

  • Sources of moneys in the Fund include $1 billion in voluntary contributions over three years that are required to be made by each Phase I Utility and each Phase II Utility.

  • The term of this Agreement and the rights granted and obligations assumed hereto, shall commence on the Closing Date and shall endure and remain in full force in perpetuity.

  • Any such petitions that a Phase II Utility submits shall not exceed $60 million in costs annually.

  • The amount of generating capacity of the Municipal Customer-Generators shall not exceed (i) an aggregate of five megawatts ("MW") for a Phase I Utility, though a Phase I Utility may in its discretion increase the generating capacity that is part of the Pilot Program up to 10 MW of installed capacity; and (ii) an aggregate of 25 MW for a Phase II Utility.

  • Specifically, Code § 56-585.5 B 4 provides as follows; "A Phase I or Phase II Utility may petition the Commission for relief from the requirements of this subsection [establishing scheduled retirements of carbon-emitting electric generation] on the basis that the requirement would threaten the reliability or security of electric service to customers.

  • If a Phase I or Phase II Utility serves customers in more than one jurisdiction, such utility shall recover all of the costs of compliance with the RPS Program requirements from its Virginia customers through the applicable cost recovery mechanism, and all associated energy, capacity, and environmental attributes shall be assigned to Virginia to the extent that such costs are requested but not recovered from any system customers outside the Commonwealth.

  • Based on the definitions contained in Section 56-585.1 A 1, Phase I Utility generally means Appalachian Power only, while Phase II Utility generally means Dominion only.

  • By December 31, 2035, each Phase II Utility shall petition the Commission for necessary approvals to construct or acquire 2,700 megawatts of energy storage capacity.

  • Net cash used in investing activities was $36.1 million in the three months ended March 31, 2023.

Related to Phase II Utility

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Environmental Impact Assessment means a systematic examination conducted to determine whether or not a programme, activity or project will have any adverse impacts on the environment;

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Phase 1 means the phase of the ATP comprised of: (1) improvements to the State Street Substation; (2) construction of the Proposed Line; (3) the rebuilding of NYSEG’s existing Lines 971 and 000 xxxxx xx Xxxxxxxx Xxxx xx the NYSEG ROW to allow for construction of the Proposed Line as intended; (4) improvements to the Elbridge Substation to accept the Proposed Line; and (5) National Grid’s conveyance to NYSEG of the NYSEG Acquired ROW and such other land interests as contemplated by the Purchase and Sale Agreement.

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Project site, where applicable, means the place indicated in bidding documents.