N-1Joint Use Agreement between NS Power and Bell Aliant
4 passages
(e)Incidental Poles - All incidental poles placed in the line will be attached to by both parties. - (I)Incidental poles in an existing Joint Use line shall be placed by the owner of the line. The cost of placing these poles and the expens...
AI summary The document outlines the responsibilities and cost allocations for placing and replacing incidental poles in both Joint Use and Non Joint Use lines. The party requesting the pole bears the cost, and construction credits may be provided. The owner of the line is responsible for installation, and compensation includes the Sacrificed Life Value and cost differences between new and existing poles.
5.02.01 Sacrificed Life Value of Poles Sacrificed Life is defined as follows: The sacrificed value of a pole, displaced or abandoned, is equal to the reproduction cost or replacement cost less an allowance for depreciation and for net salv...
AI summary The sacrificed life value of poles is calculated as the reproduction or replacement cost minus depreciation and salvage value, with salvage assumed as zero if the owner retains the poles. The formula uses escalation and interest rates, along with the pole's age and remaining life, to determine the value. This value represents the compensation paid when poles are prematurely replaced.
Item 6 - Owner Abandoning This item identifies the fact that the owner is abandoning a joint use pole. This generally means that the tenant should purchase the pole and associated plant at the current Sacrificed Life Value. Construction cr...
AI summary The owner is abandoning a joint use pole, requiring the tenant to purchase the pole and associated plant at the Sacrificed Life Value. Construction credits will be adjusted upon the formal request to purchase, as detailed in Item 9.
Item 9 - Purchasing This item identifies the tenant's request to purchase poles. This transaction may require a construction credit adjustment to reflect the change in pole ownership for both the owner and the tenant.
AI summary The tenant is requesting to purchase poles, which may necessitate a construction credit adjustment to account for the change in pole ownership for both the owner and the tenant.