Repair and Replacement (for use on construction projects if PM requests. The Authority and Grantee desire to cooperatively establish appropriate repair and replacement (R&R) mechanisms, which may be or include establishing and funding over time an R&R account. Establishing appropriate R&R mechanisms is expected to help ensure that the infrastructure projects funded under this Agreement will provide significant public benefits to both current and future ratepayers. The Grantee and AEA agree to cooperatively explore the benefits and potential regulatory impediments to establishing appropriate R&R mechanisms. Upon mutual agreement of the parties and after obtaining any necessary regulatory approval, the parties shall amend this Agreement to incorporate the R&R mechanisms.
Appears in 3 contracts
Sources: Grant Agreement, Grant Agreement, Grant Agreement