Examples of Utility assets in a sentence
Atlantic City Electric Company (70- ) Notice of Proposal to Acquire Utility Assets Atlantic City Electric Company ("ACE"), a New Jersey corporation, an operating public utility company and a wholly-owned subsidiary of Conectiv, a soon-to-be registered public utility holding company, both of 800 King Street, Wilmington, DE 19899 has filed an application pursuant to Sections 9(a) and 10 of the Act and Rule 41 thereunder.
Buyer shall design and construct the facilities (the "Utility Assets") required to provide to Seller the utilities described in Exhibit D (the "Utilities").
Should any of the Utilities be rejected by Seller, Buyer shall promptly effect modifications to bring the Utilities within specification; provided that such work shall be conducted in a manner that minimized outages at the Utility Assets.
NW Corp will, at NWE Public Service’s request and expense and without additional consideration, grant to NWE Public Service, at Closing and from time to time subsequent to Closing, all appropriate easements across lands included in the Transferred Utility Assets (a) for existing electric and gas transmission and distribution lines and related facilities included in the Transferred Utility Assets and (b) for access to the Transferred Utility Assets, on forms reasonably acceptable to NWE Public Service.
All material Fixed Assets shall, at Closing, be in all material respects in good condition and operational and useable in the Business as presently conducted by Seller; provided, however, that the Utility Assets have to be moved from the Middletown Facility as contemplated by Section 1.01(b) hereof.