13.07.2015 Views

Appendix D - BC Hydro - Transmission

Appendix D - BC Hydro - Transmission

Appendix D - BC Hydro - Transmission

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

if any, created by the Network Upgrades, including the right to obtain cashreimbursements or transmission credits for transmission service that is notassociated with the Large Generating Facility.11.5 Provision of Security. At least thirty (30) Calendar Days prior to the commencement ofthe design, procurement, installation, or construction of a discrete portion of a<strong>Transmission</strong> Provider's Interconnection Facilities, or the Network Upgrades, orDistribution Upgrades, Interconnection Customer shall provide <strong>Transmission</strong> Provider, atInterconnection Customer's option, a guarantee, a surety bond, letter of credit or otherform of security that is reasonably acceptable to <strong>Transmission</strong> Provider and is consistentwith the Uniform Commercial Code of the jurisdiction identified in Article 14.2.1.. Suchsecurity for payment shall be granted in favour of <strong>Transmission</strong> Provider and<strong>Transmission</strong> Owner and shall be in an amount sufficient to cover the costs for designing,constructing, procuring and installing the applicable portion of <strong>Transmission</strong> Provider'sInterconnection Facilities, or Network Upgrades, or Distribution Upgrades and shall bereduced on a dollar-for-dollar basis for payments made toplus taxes that would applywhen Interconnection Customer is invoiced by <strong>Transmission</strong> Provider for such costs, andshall be reduced from time to time to the extent the amount exceeds the <strong>Transmission</strong>Provider’s good faith estimate of the remaining costs to complete the applicable portionof <strong>Transmission</strong> Provider’s Interconnection Facilities or Network Upgrades plus taxesthat would apply when Interconnection Customer is invoiced by <strong>Transmission</strong> Providerfor these purposessuch remaining costs.In addition:11.5.1 The guarantee must be made by an entity that meets the creditworthinessrequirements of <strong>Transmission</strong> Provider, and contain terms and conditions thatguarantee payment of any amount that may be due from InterconnectionCustomer, up to an agreed-to maximum amount.11.5.2 The letter of credit must be issued by a financial institution reasonablyacceptable to <strong>Transmission</strong> Provider and must specify a reasonable expirationdate.11.5.3 The surety bond must be issued by an insurer reasonably acceptable to<strong>Transmission</strong> Provider and must specify a reasonable expiration date.11.6 Interconnection Customer Compensation. If <strong>Transmission</strong> Provider requests or directsInterconnection Customer to provide a service pursuant to Articles 9.6.3 (Payment forReactive Power), orArticle 13.5.1 of this LGIASGIA, <strong>Transmission</strong> Provider shallcompensate Interconnection Customer in accordance with Interconnection Customer'sapplicable rate schedule then in effect unless the provision of such service(s) is subject toan RTO or ISO FERCCommission-approved rate schedule in effect. InterconnectionCustomer shall serve <strong>Transmission</strong> Provider or RTO or ISO with any filing of a proposedrate schedule at the time of such filing with FERCthe Commission. To the extent that norate schedule is in effect at the time the Interconnection Customer is required to provideor absorb any Reactive Power under this LGIASGIA, <strong>Transmission</strong> Provider agrees to- 43 -DM_VAN/<strong>BC</strong>T0007-<strong>BC</strong>T00129/6206155.10

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!