Common use of Comprehensive Planning Process for Reliability Needs Clause in Contracts

Comprehensive Planning Process for Reliability Needs. a. Notwithstanding any provision, including Section 3.08(e), contained in this Reliability Planning Process set forth in Attachment Y of the ISO OATT, including those that arise when the ISO designates the NTO as a “Responsible Transmission Owner,” pursuant to Section 31.2.4.3 of the ISO OATT, to address a reliability need(s) related to the transmission facilities that that NTO owns. b. The NTO’s obligations described in Section 2.13(a) above shall be subject to the full recovery in wholesale rates on a current basis by the NTO, in accordance with the rate mechanism set forth in Section 6.10 of the ISO OATT (Rate Schedule 10), of all reasonably incurred costs related to the preparation of a proposal for, and the development, construction, operation, and maintenance of, regulated transmission projects undertaken, or caused to be undertaken, by the NTO, including those regulated transmission projects that were subsequently determined by the ISO not to be necessary to meet a reliability need or that cannot be completed because of the failure to obtain necessary federal, state, or local authorizations or for any other circumstance beyond the NTO’s reasonable control; c. The NTO’s obligations described in Section 2.13(a) above shall be further authorizations necessary for completion of the regulated transmission project and acquisition by the NTO of all necessary property rights. d. Nothing contained in Section 2.13 of this Agreement shall limit the right of the NTO to protest, comment on, or engage in litigation before FERC, the New York Public Service Commission, or any court with respect to proposed changes to the Reliability Planning Process.

Comprehensive Planning Process for Reliability Needs. a. Notwithstanding any provision, including Section 3.08(e), contained in this Agreement, the NTO acknowledges its obligations described in the ISO’s Reliability Planning Process set forth in Attachment Y of the ISO OATT, including those that arise when the ISO designates the NTO as a “Responsible Transmission Owner,” pursuant to Section 31.2.4.3 of the ISO OATT, to address a reliability need(s) related to the transmission facilities that that NTO owns. b. The NTO’s obligations described in Section 2.13(a) above shall be subject to the full recovery in wholesale rates on a current basis by the NTO, in accordance with the rate mechanism set forth in Section 6.10 of the ISO OATT (Rate Schedule 10), of all reasonably incurred costs related to the preparation of a proposal for, and the development, construction, operation, and maintenance of, regulated transmission projects undertaken, or caused to be undertaken, by the NTO, including those regulated transmission projects that were subsequently determined by the ISO not to be necessary to meet a reliability need or that cannot be completed because of the failure to obtain necessary federal, state, or local authorizations or for any other circumstance beyond the NTO’s reasonable control; c. The NTO’s obligations described in Section 2.13(a) above shall be further conditioned on the receipt by the NTO of all federal, state, and local authorizations necessary for completion of the regulated transmission project and acquisition by the NTO of all necessary property rights. d. Nothing contained in Section 2.13 of this Agreement shall limit the right of the NTO to protest, comment on, or engage in litigation before FERC, the New York Public Service Commission, or any court with respect to proposed changes to the Reliability Planning Process.

Comprehensive Planning Process for Reliability Needs. a. Notwithstanding any provision, including Section 3.08(e), ) contained in this Agreement, the NTO acknowledges its obligations described in the ISO’s Reliability Planning Process set forth in Attachment Y of the ISO OATT, including those that arise when the ISO designates the NTO as a “Responsible Transmission Owner,” pursuant to Section 31.2.4.3 of the ISO OATT, to address a reliability need(s) related to the transmission facilities that the NTO owns and that NTO ownsare subject to this Agreement. b. The NTO’s obligations described in Section 2.13(a) above shall be subject to the full recovery in wholesale rates on a current basis by the NTO, in accordance with the rate mechanism set forth in Section 6.10 of the ISO OATT (Rate Schedule 10), of all reasonably incurred costs costs, including a reasonable return on investment and any applicable regulatory incentives, related to the preparation of a proposal for, and the development, construction, operation, and maintenance of, regulated transmission projects undertaken, or caused to be undertaken, by the NTONTO to meet a reliability need identified in the ISO’s Reliability Planning Process as a result of being designated as the Responsible Transmission Owner, including those regulated transmission projects that were subsequently determined by the ISO not to be necessary to meet a reliability need or that cannot be completed because of the failure to obtain necessary federal, state, or local authorizations or for any other circumstance beyond the NTO’s reasonable control; c. The NTO’s obligations described in Section 2.13(a) above shall be further authorizations necessary for completion of the regulated transmission project and acquisition by the NTO of all necessary property rights. d. Nothing contained in Section 2.13 of this Agreement shall limit the right of the NTO to protest, comment conditioned on, or engage in litigation before FERC, the New York Public Service Commission, or any court with respect to proposed changes to the Reliability Planning Process.: