Qualified Electric Corporation definition

Qualified Electric Corporation means an electrical corporation, as defined by the Act, whose long-term unsecured senior debt is rated BBB or better by S&P and Baa2 or better by Xxxxx’x.
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Qualified Electric Corporation means an electrical corporation, as defined by the Act, that meets all of the following criteria: (a) the electrical corporation shall be one of the three existing California investor-owned utilities (i.e., San Diego Gas & Electric, Pacific Gas & Electric and Southern California Edison); (b) the electrical corporation shall have long-term unsecured senior debt that is not supported by third-party credit enhancement and that is rated BBB or better by S&P and Baa2 or better by Xxxxx'x; and (c) S&P and Xxxxx’x shall not have placed the electrical corporation on credit watch for a possible downgrade nor have issued a negative outlook warning for the electrical corporation.
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Qualified Electric Corporation means an electric corporation as defined by the Act, the long-term unsecured senior debt of which is rated Investment Grade.
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Examples of Qualified Electric Corporation in a sentence

  • Notwithstanding any other limitation on assignment herein, at any time after January 1, 2003, the Seller shall, upon the written request of Department, enter into a Replacement Agreement with a Qualified Electric Corporation provided that such Qualified Electric Corporation enters into such Replacement Agreement.

  • Notwithstanding the foregoing limitations on assignment, at any time after January 1, 2003, the Seller shall, upon the written request of Department, enter into a Replacement Agreement as may be agreed to by a Qualified Electric Corporation.

  • At any time after January 1, 2003, notwithstanding any other limitation on assignment herein, the Seller shall, upon at least (60) days written notice by Party B, enter into a Replacement Agreement with a Qualified Electric Corporation.

  • If the Qualified Electric Corporation is an affiliate of Seller, Seller’s obligation to enter into a Replacement Agreement shall be subject to the condition precedent that, in connection with the just and reasonable review under Section 451 of the Public Utilities Code to be conducted by the CPUC as set forth above, the CPUC will not find Seller, with respect to the Replacement Agreement, to be in violation of CPUC rules, regulations and orders governing affiliate transactions.

  • Notwithstanding the foregoing limitations on assignment, the Seller shall, upon not less than sixty (60) days advance written request of Department, enter into a Buyer Replacement Agreement as may be agreed to by a Qualified Electric Corporation.

  • At any time after January 1, 2003, Party A shall, upon the written request of Party B, enter into a Replacement Agreement with a Qualified Electric Corporation.

  • Simultaneous with such notice, Party B shall notify the relevant Qualified Electric Corporation and make a request to the California Public Utilities Commission to require such Qualified Electric Corporation to enter into good faith negotiations with Seller for the purpose of making appropriate modifications to the Replacement Agreement .

  • Simultaneous with such notice, Party B shall notify the relevant Qualified Electric Corporation and make a request to the California Public Utilities Commission to require such Qualified Electric Corporation to enter into good faith negotiations with Seller for the purpose of making appropriate modifications to the Agreement.

  • If the Qualified Electric Corporation is an affiliate of Seller, Seller’s obligation to enter into a Replacement Agreement shall be subject to the condition precedent that the Federal Energy Regulatory Commission shall have determined that the affiliate transaction is just and reasonable under Section 205 of the Federal Power Act.

  • An emphasis on learning and development, i.e., learning how to operationalise the policy, how to overcome implementation barriers and how to improve processes and outcomes, indicating awareness of the fact that a policy may still be at an early stage in its development and that it is not clear how it can be implemented.


More Definitions of Qualified Electric Corporation

Qualified Electric Corporation means an electrical corporation, as defined by AB 1X, whose long-term unsecured senior debt is rated BBB or better by Standard & Poor's Corporation and Baa2 or better by Xxxxx'x Investor Services and is not negative outlook or Credit Watch from either rating agency at the effective date of such Replacement Agreement. This confirmation letter shall confirm the Transaction agreed to on December 17, 2002 between Wellhead Power Panoche, LLC (“Party A”) and California Department of Water Resources, acting solely under the authority and powers created by AB1X, codified as Sections 80000 through 80270 of the California Water Code (the “Act”), and not under its powers and responsibilities with respect to the California State Water Resources Development System (“Party B”) regarding the sale/purchase of the Product under the terms and conditions as follows: Seller: Party A Buyer: Party B Product: [] Into , Seller’s Daily Choice [] Firm (LD) [] Firm (No Force Majeure) [] System Firm (Specify System: ) [X] Unit Firm (Specify Unit(s): The Unit specified in Section A of the Panoche Transaction. ) [] Other: [] Transmission Contingency (If not marked, no transmission contingency) [] FT-Contract Path Contingency [] Seller [] Buyer [] FT-Delivery Point Contingency [] Seller [] Buyer [] Transmission Contingent [] Seller [] Buyer [] Other transmission contingency (Specify: ) Contract Quantity: See Attachment 1 to this Exhibit A. Delivery Point: See Attachment 1 to this Exhibit A. Contract Price: See Attachment 1 to this Exhibit A. Energy Price: See Attachment 1 to this Exhibit A. Other Charges: See Attachment 1 to this Exhibit A. Confirmation Letter Page 2 Delivery Period: Commencing on the Effective Date and terminating on October 31, 2011, unless extended or terminated pursuant to the explicit terms of the Agreement. Special Conditions: See Attachment 1 to this Exhibit A Scheduling: See Attachment 1 to this Exhibit A Option Buyer: N.A. Option Seller: N.A. Type of Option: This confirmation letter is being provided pursuant to and in accordance with the Amended and Restated Master Power Purchase and Sale Agreement dated December 17, 2002 (the “Master Agreement”) between Party A and Party B, and constitutes part of and is subject to the terms and provisions of such Master Agreement. Terms used but not defined herein shall have the meanings ascribed to them in the Master Agreement. [Party A] [Party B] Wellhead Power Panoche, LLC California Department of Water Resources, acting ...
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Qualified Electric Corporation means an electrical corporation as defined by AB 1X, codified at California Water Code Section 80100 et seq (the "Act"), whose long-term unsecured senior debt on the effective date of any Buyer Replacement Agreement is rated BBB or better by S&P and Baa2 or better by Xxxxx'x and is not on negative outlook or Credit Watch from either rating agency; provided that with the exception of San Diego Gas and Electric Company, Southern California Edison Company and Pacific gas and Electric Company, no electrical corporation shall be a Qualified Electrical Corporation without the prior written agreement of Xxxxxxxx.
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Related to Qualified Electric Corporation

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • Hybrid electric vehicle (HEV) means a hybrid vehicle where one of the propulsion energy converters is an electric machine.

  • qualified U.S. Bank means a qualified U.S. bank as defined in Rule 17f-5 under the Investment Company Act of 1940;

  • Foreign nonprofit corporation means an entity:

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • Plug-in hybrid electric vehicle means a motor vehicle that:

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Neighborhood electric vehicle means a self-propelled

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Electric distribution company (EDC) means any electric utility subject to the jurisdiction of the Commission.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • Designated 423 Corporation means any Related Corporation selected by the Board to participate in the 423 Component.

  • Pure electric vehicle (PEV) means a vehicle equipped with a powertrain containing exclusively electric machines as propulsion energy converters and exclusively rechargeable electric energy storage systems as propulsion energy storage systems.

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Federally Qualified Health Center means a non-administrative medical facility with a fixed permanent location that is identified on the following search engines and offers health services on a sliding scale payment system: http://findahealthcenter.hrsa.gov or http://www.ihs.gov/ or http://www.aachc.org/.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467a(b) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;