Common use of Challenge Procedures – Informal and Formal Clause in Contracts

Challenge Procedures – Informal and Formal. Informal Challenges must be communicated to RIE in writing, which may be made electronically from June 30 through November 30 (“Review Period”). During the Review Period, Interested Parties may review the Accounting Changes (if any), inputs, supporting explanations, allocations, calculations or other information relating to the current Annual True-up and notify RIE of any specific Informal Challenges. Failure to pursue an issue through an Informal Challenge shall not bar pursuit of that issue as part of a Formal Challenge with respect to the same Annual True-up as long as the Interested Party has submitted an Informal Challenge on any issue with respect to that Annual True-up. Failure to submit a Formal Challenge regarding any particular issue as to a given Annual True-up shall bar pursuit of such issue with respect to that Annual True-up, but shall not bar pursuit of such issue or the lodging of a Formal Challenge as to such issue as it relates to a subsequent Annual True-up.

Challenge Procedures – Informal and Formal. 1. Informal Challenges must be communicated to RIE in writing, which may be made electronically from June 30 through November 30 (“Review Period”). During the Review Period, Interested Parties may review the Accounting Changes (if any), inputs, supporting explanations, allocations, calculations or other information relating to the current Annual True-up and notify RIE of any specific Informal Challenges. Failure to pursue an issue through an Informal Challenge shall not bar pursuit of that issue as part of a Formal Challenge with respect to the same Annual True-up as long as the Interested Party has submitted an Informal Challenge on any issue with respect to that Annual True-up. Failure to submit a Formal Challenge regarding any particular issue as to a given Annual True-up shall bar pursuit of such issue with respect to that Annual True-up, but shall not bar pursuit of such issue or the lodging of a Formal Challenge as to such issue as it relates to a subsequent Annual True-up.