VELCO definition

VELCO means Vermont Electric Power Company, Inc.
VELCO means Vermont Electric Power Company, Inc. and Vermont Transco LLC.
VELCO means Vermont Electric Power Company, Inc. and Vermont Transco LLC. rr. “VPPSA” means Vermont Public Power Supply Authority.

Examples of VELCO in a sentence

  • VELCO had transmission contracts with the State of Vermont, acting by and through the Vermont Department of Public Service, and with all of the electric utilities providing service in the State of Vermont.

  • In addition, VELCO entered into a Management Services Agreement with Vermont Transco to serve as the Manager of VT Transco.

  • In order that percentages of participation be consistent among the Basic Agreements, VELCO and MMWEC shall have their contracts with their contracting systems cover the necessary commitments for each Basic Agreement.

  • The Company and VELCO have common ownership and operate as a single functional unit.

  • The Company is managed by the corporate manager, VELCO (the Manager).

  • VETCO pays VELCO a quarterly dividend that represents a return on investment at a rate based on market rates.

  • The Company has assumed all of the long-term debt associated with the assets that were transferred from VELCO.

  • In addition, a return of investment calculated to maintain equity at approximately 20% of VETCO’s total capitalization is paid to VELCO quarterly.

  • These earnings, at the discretion of VELCO are distributed quarterly to the contributing utilities.

  • To accomplish this, VELCO acquired 1,000,000 of the Company’s membership units.


More Definitions of VELCO

VELCO means Vermont Electric Power Company, Inc., and, unless the context otherwise requires, its wholly-owned subsidiary, Vermont Electric Transmission Company, Inc. and its affiliate, Vermont Transco LLC.
VELCO. Vermont Electric Power Company, Inc., a Vermont electric utility, the principal place of business for which is located at the address set forth on the signature pages to this Agreement.
VELCO means Vermont Electric Power Company, Inc., a corporation duly organized under the laws of the State of Vermont, and any Subsidiary thereof. "Vermont Distribution Utility" means, any Vermont electricity distribution company which is a current Member of the Company, and also means Rochester Electric Light & Power Company and Vermont Marble Power Division of OMYA, Inc. ARTICLE II FORMATION OF COMPANY SECTION 2.1 Name, Office, Registered Agent and Continuance. The name of the Company shall be VERMONT TRANSCO LLC. The business of the Company may be conducted under that name or, on compliance with applicable laws, any other name that the Manager deems appropriate or advisable. The Manager on behalf of the Company shall file any certificates, articles, fictitious business name statements and the like, and any amendments and supplements thereto, as the Manager considers appropriate or advisable. For purposes of 11 V.S.A. Section 3008, the Company's initial designated office shall be located at 000 Xxxxxxxx Xxxxx Xxxx, Xxxxxxx, Xxxxxxx 00000, and its designated agent is the Manager, whose business office is identical with the Company's initial designated office. The Manager may designate and maintain the Company's office at any other location. SECTION 2.2
VELCO means Vermont Electric Power Company, Inc., a Vermont corporation.

Related to VELCO

  • Crown means the government of the United Kingdom (including the Northern Ireland Assembly and Executive Committee, the Scottish Executive and the National Assembly for Wales), including, but not limited to, government ministers and government departments and particular bodies, persons, commissions or agencies from time to time carrying out functions on its behalf;

  • ESMP means an environmental and social management plan (including any pest management plan), acceptable to the Association and consistent with the ESMF, adopted for the purposes of a Micro-project, and giving details of the magnitude of the environmental impacts, as well as the specific actions, measures and policies designed to facilitate the achievement of the objective of the ESMF under the Micro-project, including the budget and cost estimates, and sources of funding, along with the institutional and procedural measures needed to implement such actions, measures and policies, as such ESMP may be amended form time to time with the prior written agreement of the Association.

  • Constellation has the meaning assigned to that term in the Recitals.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • GLO means the Texas General Land Office, its officers, employees, and designees.

  • Energy Star means the U.S. EPA’s energy efficiency product labeling program.

  • ESMF means the Recipient’s framework, setting out the rules, guidelines and procedures to assess environmental and social impacts of the Project’s activities, and measures to reduce, mitigate or offset adverse social and environmental impacts and enhance positive impacts of said activities including public consultation, institutional arrangements for the implementation, monitoring and supervision of said measures, as the ESMF may be amended from time to time with the prior written approval of the Association.

  • ATA means the Air Transport Association of America.

  • FP means Farm Programs.

  • ECO ECO Resources, Inc., a Texas corporation. ---

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • PSEA means the employers' association that is established for post-secondary institutions under the Public Sector Employers' Act and that is the employer bargaining agent for all institutions.

  • CW means current City of Winnipeg Standard Construction Specification;

  • STAR means Star Cruises Limited of Canon’s Court, 00 Xxxxxxxx Xxxxxx, Xxxxxxxx XX 00, Bermuda;

  • Renewable energy means the grid quality electricity generated from renewable energy sources;

  • Velocity means a measurement of the motion of liquids usually expressed in feet per second.

  • MB means megabyte, which is equal to 1024 kilobytes or 1,048,576 bytes of digital information.

  • Operating Company has the meaning set forth in the preamble.

  • ESM means “Ex-Servicemen and their Wards” of Haryana.

  • snippet means the Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, the Borrower, each Subsidiary Loan Party and the Administrative Agent.","snippetLinks":[{"key":"guarantee-and-collateral-agreement","type":"clause","offset":[10,44]},{"key":"as-amended","type":"definition","offset":[46,56]},{"key":"otherwise- modified","type":"clause","offset":[74,92]},{"key":"from-time-to-time","type":"clause","offset":[93,110]},{"key":"form-of","type":"clause","offset":[119,126]},{"key":"exhibit-e","type":"clause","offset":[127,136]},{"key":"holdings","type":"clause","offset":[144,152]},{"key":"the-borrower","type":"clause","offset":[154,166]},{"key":"subsidiary-loan- party","type":"definition","offset":[173,194]},{"key":"the-administrative-agent","type":"clause","offset":[199,223]}],"hash":"61aabf5edc0e717dd017e870877aba2d","id":5},{"size":55,"samples":[{"uri":"/contracts/dcqI4XJ9kpY#collateral-agreement","label":"Credit Agreement (AGA Medical Holdings, Inc.)","score":21},

  • MMP means a moisture management plan to control water intrusion and prevent the development of Mold or moisture at the Mortgaged Property throughout the term of this Loan Agreement.

  • FS means “Finansiel Stabilitet” and any successor or replacement thereto, or other resolution authority with the ability to exercise any Danish Statutory Loss Absorption Powers in relation to the Issuer, in any case as determined by the Issuer;

  • BG means Bank Guarantee

  • MP means Monongahela Power Company, an Ohio corporation.

  • LPN means licensed practical nurse.

  • PSC means the Public Service Commission;