Common use of Prudence Clause in Contracts

Prudence. The Parties agree that nothing in this Agreement, including the reductions to the 2023-2025 GTA revenue requirement, is an admission by EPC that those revenue requirement amounts are imprudent. The Parties further agree that no Party may rely on anything in this Agreement as evidence in any future proceeding that any revenue requirement amounts are either prudent or imprudent.

Appears in 2 contracts

Sources: Transmission General Tariff Application and Negotiated Settlement Agreement, Transmission General Tariff Application and Negotiated Settlement Agreement

Prudence. The Parties agree that nothing in this Agreement, including the reductions to the 20232026-2025 2028 GTA revenue requirement, is an admission by EPC that those revenue requirement amounts are imprudent. The Parties further agree that no Party may rely on anything in this Agreement as evidence in any future proceeding that any revenue requirement amounts are either prudent or imprudent.

Appears in 1 contract

Sources: Transmission General Tariff Application and Negotiated Settlement Agreement