Common use of Adjustments to the Modified Regulation Clause in Contracts

Adjustments to the Modified Regulation. Not later than May 15 of each Operating Year, each Reservoir Party may, in order to obtain an optimum regulation for its System and subject to the limitations set forth in this subsection 6(i), make adjustments in (each of) its reservoir’s(s’) regulation(s) determined in the Modified Regulation for the next Operating Year. Such adjustments shall be made sequentially by Period beginning at the start of the Critical Period and continuing through the last Operating Year of the Critical Period.

Adjustments to the Modified Regulation. ‌ Not later than May 15 of each Operating Year, each Reservoir Party may, in order to obtain an optimum regulation for its System and subject to the limitations set forth in this subsection 6(i), make adjustments in (each of) its reservoir’s(s’) regulation(s) determined in the Modified Regulation for the next Operating Year. Such adjustments shall be made sequentially by Period beginning at the start of the Critical Period and continuing through the last Operating Year of the Critical Period.