Common use of Description of Company Interconnection Facilities Clause in Contracts

Description of Company Interconnection Facilities. The Company will purchase, construct, own, operate and maintain all interconnection facilities required to interconnect the Company’s system with the CBRE Facility at volts, up to the point of interconnection. The Company Interconnection Facilities, for which the Subscriber Organization agrees to pay, include: [Need to specify the interconnection facilities. If no interconnection facilities, state “None”.] The Subscriber Organization shall pay to the Company the total estimated interconnection cost to be incurred by the Company (Total Estimated Interconnection Cost), which is comprised of (i) the estimated cost of the Company Interconnection Facilities, (ii) the estimated engineering costs associated with a) developing the Company Interconnection Facilities and b) reviewing and specifying those portions of the CBRE Facility which allow interconnected operation, and iii) witnessing and reviewing the verification testing, which shall include testing of the telemetry and control interface which allows the Company to remotely measure, monitor, evaluate and verify technical compliance, CBRE Facility performance, and power quality and, if necessary, control the CBRE Facility. The following summarizes the Total Estimated Interconnection Cost: Description Estimated Cost ($) [If no cost, state “None”.] The Total Estimated Interconnection Cost, which, except as otherwise provided herein, is non- refundable, shall be paid by the Subscriber Organization fourteen (14) days after receipt of an invoice from the Company, which shall be provided not less than thirty (30) days prior to start of procurement of the Company Interconnection Facilities. Within thirty (30) days of receipt of an invoice, which shall be provided within fourteen (14) days of the final accounting, which shall take place within sixty (60) days of completion of construction of the Company Interconnection Facilities, the Subscriber Organization shall remit to the Company the difference between the Total Estimated Interconnection Cost paid to date and the total actual interconnection cost (Total Actual Interconnection Cost). The latter is comprised of (i) the total costs of the Company Interconnection Facilities, and (ii) the total engineering costs associated with a) developing the Company Interconnection Facilities and b) reviewing and specifying those portions of the CBRE Facility which allow interconnected operations as such are described in Exhibit A, and iii) reviewing the verification testing. If in fact the Total Actual Interconnection Cost is less than the payments received by the Company as the Total Estimated Interconnection Cost, the Company shall repay the difference to the Subscriber Organization within thirty (30) days of the final accounting. If the Agreement is terminated prior to the Subscriber Organization’s payment for the Total Actual Interconnection Cost (or the portion of this cost which has been incurred) or prior to the Company’s repayment of the over collected amount of the Total Estimated Interconnection Cost (or the portion of this cost which has been paid), such payments shall be made by the Subscriber Organization or Company, as appropriate. If payment is due to the Company, the Subscriber Organization shall pay within thirty (30) days of receipt of an invoice, which shall be provided within fourteen (14) days of the final accounting, which shall take place within sixty (60) days of the date the Agreement is terminated. If payment is due to the Subscriber Organization, the Company shall pay within thirty (30) days of the final accounting. All Company Interconnection Facilities shall be the property of the Company.

Appears in 1 contract

Sources: Community Based Renewable Energy Program Interconnection Agreement

Description of Company Interconnection Facilities. The Company will purchase, construct, own, operate and maintain all interconnection facilities required to interconnect the Company’s system with the CBRE Generating Facility at volts, up to the point of interconnection. The Company Interconnection Facilities, for which the Subscriber Organization agrees to pay, include: [Need to specify the interconnection facilities. If no interconnection facilities, state “None”.] 2. Subscriber Organization Payment to Company for Company Interconnection Facilities, Review of Generating Facility, and Review of Verification Testing The Subscriber Organization shall pay to the Company the total estimated interconnection cost to be incurred by the Company (Total Estimated Interconnection Cost), which is comprised of (i) the estimated cost of the Company Interconnection Facilities, (ii) the estimated engineering costs associated with a) developing the Company Interconnection Facilities and b) reviewing and specifying those portions of the CBRE Generating Facility which allow interconnected operation, and iii) witnessing and reviewing the verification testing, which shall include testing of the telemetry and control interface which allows the Company to remotely measure, monitor, evaluate and verify technical compliance, CBRE Generating Facility performance, and power quality and, if necessary, control the CBRE Generating Facility. The following summarizes the Total Estimated Interconnection Cost: Description Estimated Cost ($) [If no cost, state “None”.] The Total Estimated Interconnection Cost, which, except as otherwise provided herein, is non- refundable, shall be paid by the Subscriber Organization fourteen (14) days after receipt of an invoice from the Company, which shall be provided not less than thirty (30) days prior to start of procurement of the Company Interconnection Facilities. Within thirty (30) days of receipt of an invoice, which shall be provided within fourteen (14) days of the final accounting, which shall take place within sixty (60) days of completion of construction of the Company Interconnection Facilities, the Subscriber Organization shall remit to the Company the difference between the Total Estimated Interconnection Cost paid to date and the total actual interconnection cost (Total Actual Interconnection Cost). The latter is comprised of (i) the total costs of the Company Interconnection Facilities, and (ii) the total engineering costs associated with a) developing the Company Interconnection Facilities and b) reviewing and specifying those portions of the CBRE Generating Facility which allow interconnected operations as such are described in Exhibit A, and iii) reviewing the verification testing. If in fact the Total Actual Interconnection Cost is less than the payments received by the Company as the Total Estimated Interconnection Cost, the Company shall repay the difference to the Subscriber Organization within thirty (30) days of the final accounting. If the Agreement is terminated prior to the Subscriber Organization’s payment for the Total Actual Interconnection Cost (or the portion of this cost which has been incurred) or prior to the Company’s repayment of the over collected amount of the Total Estimated Interconnection Cost (or the portion of this cost which has been paid), such payments shall be made by the Subscriber Organization or Company, as appropriate. If payment is due to the Company, the Subscriber Organization shall pay within thirty (30) days of receipt of an invoice, which shall be provided within fourteen (14) days of the final accounting, which shall take place within sixty (60) days of the date the Agreement is terminated. If payment is due to the Subscriber Organization, the Company shall pay within thirty (30) days of the final accounting. All Company Interconnection Facilities shall be the property of the Company.

Appears in 1 contract

Sources: Community Based Renewable Energy Program Interconnection Agreement