Common use of Rate Design Clause in Contracts

Rate Design. Effective December 1, 2004, the PJM transmission rates shall be calculated in accordance with the Going-Forward Principles and Procedures accepted by FERC on March 19, 2004 in Midwest Independent Transmission System Operator, Inc., et al., 106 FERC 61,260 (2004) applicable to the long term transmission pricing structure; provided, however, that nothing in this Article 5 is intended (a) to limit or change the right of Dominion Virginia Power under Section 2.2.1 of this Agreement to file pursuant to Section 205 of the Federal Power Act to change rates and charges for transmission and ancillary services (including, without limitation, incentive rates) for delivery to the Dominion Virginia Power zone, schedules for new services solely involving the transmission facilities of Dominion Virginia Power, and the revenue requirement for Dominion Virginia Power for use in developing rates for other transmission services provided by PJM; or (b) to authorize the PJM Transmission Owners to file pursuant to Section 205 of the Federal Power Act, either as part of a proposal to change the overall PJM rate design or otherwise, to change rates and charges for transmission and ancillary services (including, without limitation, incentive rates) for delivery to the Dominion Virginia Power zone, schedules for new services solely involving the transmission facilities of Dominion Virginia Power, and the revenue requirement for Dominion Virginia Power for use in developing rates for other transmission services provided by PJM without the express consent of Dominion Virginia Power.