Puget Sound Energy, Inc.

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 11/01/1998, Docket: CP98-250-002, Status: Effective

Original Sheet No. 36 Original Sheet No. 36 : Effective

 

 

5.3 Meetings

 

The Committee shall meet at such time and places as may be

required to enable it to discharge its functions as defined in

this Agreement.

 

5.4 Voting Rights

 

Each Owner shall have voting rights representing its Ownership

Percentage except as excluded in Section 2.3.1. Matters requiring

decisions or approval of the Committee must be decided by

cumulative votes representing not less than seventy-five percent

(75%) of the Ownership Interest of the Storage Project ("75%

majority agreement of the Owners"), unless specifically indicated

otherwise in this Agreement. Any decision or approval of the

Committee must be in writing and shall be binding upon the Owners.

 

5.5 Minutes

 

Minutes of each Committee meeting shall be provided to the Owners

by the Project Operator within thirty (30) days following the

meeting to which they relate, and shall constitute evidence of

decisions or approvals of the Committee. Minutes shall be deemed

approved thirty (30) days following the Project Manager providing

the minutes to the Owners, unless written objection is provided by

an Owner prior to the end of such thirty (30) day review period.

 

5.6 Interpretation of Agreement

 

None of the terms or provisions of this Agreement shall be

interpreted or applied by the Committee to create any obligation

upon any Owner with respect to the utilization of, or any other

matter affecting, such Owner's facilities other than those in

which such Owner shall hold an undivided interest as provided by

this Agreement.