Puget Sound Energy, Inc.
Original Volume No. 1
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Effective Date: 11/01/1998, Docket: CP98-250-002, Status: Effective
Original Sheet No. 50 Original Sheet No. 50 : Effective
complete account, in accordance with generally accepted accounting
principles, of all costs and expenses incurred by it in connection
with the provision of all services under this Agreement.
6.11.2 The Owners shall provide a monthly reimbursement of
Capital and O&M Costs, including a reasonable allocation of
overheads, to the Storage Operator, in accordance with the Owners'
Weighted Shares on Exhibit B. Reimbursement for Routine Services,
exclusive of fuel, will not exceed one hundred twenty-five percent
(125%) of the budgeted amount, unless approved by the Committee.
If and to the extent that such costs and expenses incurred by the
Project Operator would exceed one hundred twenty-five percent
(125%) of the budgeted amount, the Project Operator may suspend
performance of Repairs until additional amounts are authorized by
the Committee or the Project Operator may, in that event,
voluntarily resign with three (3) months' notice.
6.11.3 Each Owner shall provide monthly reimbursement of fuel
used by the Storage Project, to the Project Operator, pursuant to
6.11.4 The Project Operator will tender invoices with supporting
documentation as agreed to by the Committee to the Owners on or
before the twentieth (20th) day of each Month setting forth the
fees, costs, and expenses for providing Routine Services, Repairs,
Special Services, and any Emergency services for the preceding
Month(s) for each Owner.
6.12 Payment to Project Operator
Within twenty (20) days after receipt of an invoice from the
Project Operator relating to Routine Services, Repairs, Special
Services, or Emergency services under this Agreement, each Owner
will remit the amount to the Project Operator unless disputed
pursuant to Section 6.12.1. In the event that an Owner fails to
make timely payment of all or a portion of an invoice from the
Project Operator, the Project Operator will be entitled to collect
from such Owner the unpaid amount of said invoice