Topic:"Rate Base" in M13042

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 text outlines procedures for testing and maintaining revenue class metering equipment, ensuring accuracy and compliance with standards. NSPI is responsible for testing, and financial adjustments may be required if meter accuracy exceeds 2% variance. Both parties have rights to be represented during meter sealing/unsealing and to request tests.

Site – means the lands upon which the Project will be located, as specified in item 2 of the Commercial Terms. System – means the Energy transmission system operated by the System Operator. System Operator – means that functional part of N...

AI summary The document defines key terms related to energy systems, including 'Site,' 'System,' 'System Operator,' 'Tariff,' and 'Transmission Capital Recovery Factor.' It references the More Access to Energy Act and Energy Reform (2024) Act, as well as the role of the IESO in system operations.

at right, at the time it was acquired, would require the consent of NSPI under this Section [16.2,](#page-81-0) and the exercise of any such right will require a further or subsequent consent of NSPI. - (h) NSPI shall have the right to ass...

AI summary The text outlines provisions related to the assignment of an agreement by NSPI, requiring consent for certain rights and specifying conditions under which NSPI can assign the agreement to an assignee with similar business operations and credit ratings. It also outlines the obligations and liabilities that remain with NSPI, particularly regarding payment defaults and events of default.

defaults under Section [10.3(a)](#page-56-2) and shall remain liable for any obligations and liabilities of the assignee arising from any NSPI Event of Default occurring prior the assignment by NSPI. - (i) For the purpose of this Section 1...

AI summary This section outlines the conditions and obligations related to the assignment of the Agreement, including the definition of 'assignment' and the reimbursement of costs incurred by the other party during the review and negotiation of such assignments.