N-1Application - Redacted
4 passages
Underground 2027: NS Power Avoided Applicable 2039 - - - - 177,507.1 1,988,997.2 - 51,477.1 51,477.1 22,065.5 0.43 (3,806,173.5) 2040 - - - - 163,306.5 1,811,387.1 - 47,358.9 47,358.9 19,185.5 0.41 (3,786,988.0) 2041 - - - - 150,242.0 1,64...
AI summary The table presents financial data for the 'Underground 2027: NS Power' initiative, showing figures such as costs, revenues, and net impacts from 2039 to 2053. The data includes metrics like avoided costs, applicable charges, and net impacts, with negative values indicating losses or deficits.
3. NSPI PERFORMANCE The Parties acknowledge and agree that NSPI's role is to ensure the Services meet utility standards. This includes design reviews, design approval, and inspections. Construction of the civil infrastructure and contracto...
AI summary The Parties agree that NSPI is responsible for ensuring services meet utility standards through design reviews and inspections, while PCL and their contractors are responsible for constructing civil infrastructure and managing construction.
11. LIMITATION OF LIABILITY Under no circumstances shall either Party be liable for consequential, incidental, punitive, exemplary or indirect damages, lost profits or other business interruption damages, whether by statute, in tort or con...
AI summary This section limits the liability of both parties to only direct damages, excluding consequential, incidental, punitive, exemplary, or indirect damages, lost profits, or business interruption damages arising from any breach of the Memorandum of Understanding.
15. ASSIGNMENT Neither Party shall assign or transfer any of its rights or obligations under this MOU to any person or party without the express prior written consent of the other non-assigning Party. Subject to the preceding sentence, thi...
AI summary The section outlines the assignment clause in the Memorandum of Understanding, stating that neither party can assign or transfer its rights or obligations without the other party's prior written consent, except for successors and permitted assigns.