Topic:"Operating Expenses" in M13042

3.1 Operation Covenants - (a) During the Interim Period and the Term, the Seller shall have, through ownership, leasehold interest, easement or right of way, all land tenure or land tenure agreements in respect of the Site which are requir...

AI summary This section outlines the Seller's operational covenants during the Interim Period and the Term, including requirements for land tenure, facility ownership and maintenance, compliance with regulations, connection to the Delivery Point, energy source restrictions, and decommissioning responsibilities.

(b) The Seller shall: - (i) For each day of the Interim Period and the Term, provide to NSPI by 8:30 am Atlantic Prevailing Time of the previous day, an hourly forecast of (i) the number of generators at the Facility that will be available...

AI summary The Seller is required to provide NSPI with hourly forecasts of generator availability and deratings, update forecasts promptly in case of changes, and provide real-time data access. Failure to comply results in a 75% reduction in the applicable rate for Net Output.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary This section outlines the procedures for testing and maintaining revenue class metering equipment, including requirements for calibration, financial adjustments for inaccuracies, and notification protocols between the Parties. NSPI is responsible for ensuring accuracy, and both Parties have rights to be involved in meter sealing and testing.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The section outlines procedures for testing and maintaining revenue class metering equipment by NSPI. It specifies that either party may request tests, and outlines the process for handling inaccuracies, including financial adjustments if meter accuracy exceeds a 2% variance.