NMP2 Oversight Clause Samples

NMP2 Oversight. (i) administering, managing and providing strategic advice, as requested, in connection with LIPA’s co-ownership interest in NMP2, including: participating in meetings of the joint owners of NMP2; on site representation; budget versus actual analysis of these operations (including both O&M and capital); developing bi-monthly call for funds reports, monitoring and reviewing the Nuclear Regulatory Commission required ARO (Asset Retirement Obligation) calculation (prepared every five (5) years); reviewing the monthly reporting package to assist LIPA’s financial staff in understanding the operations of the facility; providing assistance in determining the annual funding requirements for LIPA’s nuclear decommissioning trust funds; and providing financial data for LIPA financial statements and reporting requirements.
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Related to NMP2 Oversight

  • Oversight The Licensing Officer shall oversee the quality of the services provided by the Licensee and the reasonableness of the prices charged. The Licensing Officer may advise the Licensee from time to time of any source of dissatisfaction and request correction.