6.1. SR 03-07-2011 - Laserfiche WebLink

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BROOKINGS - TWIN CITIES TRANSMISSION PROJECT AGREEMENT acceptance of the Transmission Project. Prudent Utility Practice is not intended to be limited to the optimum practice, method or act, to the exclusion of all others, but rather to be a spectrum of possible practices, methods or acts. In evaluating whether any matter conforms to Prudent Utility Practice, the parties shall take into account (i) the fact that CMMPA is a body politic and corporate and a political subdivision under the laws of the State of Minnesota, with the statutory duties and responsibilities thereof, and (ii) in the case of any joint facility, the applicable ownership or participation agreement between the owners or participants of the facility. (w) "Tax Subsidy Bonds" means any Bonds as to which CMMPA is entitled to receive any subsidy, reimbursement, or other payment from the federal government of the United States of America under the American Recovery and Reinvestment Act of 2009 (or any similar legislation or regulation of the federal government or any other governmental entity) or any extension of such legislation. (ww) "Taxable Bonds" means Bonds, other than Tax Subsidy Bonds, the interest on which is not excluded from gross income for federal income tax purposes. (xx) "Tax- Exempt Bonds" means Bonds the interest on which is excluded from gross income for federal income tax purposes. (yy) "Total Development Project Costs" means the cumulative amount of all Monthly Development Project Costs (as that term is defined in the Development Project Agreements) paid by CMMPA on behalf of the Participants as of the effective date of this Agreement. (zz) "Transfer Capability" means the transfer capability of the transmission grid after incorporating the Project Facilities, as such transfer capability may change from time to time. (aaa) "Transmission Asset Assignment Agreement" has the meaning given such term in Section 405 of this Agreement, and also includes any successor agreement contemplated by Section 406 of this Agreement. (bbb) "Transmission Project" means that portion of the Brookings Project (including all replacements, restoration, rebuilding, capital additions or modifications to maintain Facility Capacity or reliability, and Upgrades) in or with respect to which CMMPA holds or is subject to rights, interests, and obligations by virtue of its Percentage Interest. The term "Transmission Project" includes working capital and any other facilities, contracts, property and arrangements determined by CMMPA to be part of the Transmission Project. CMMPA's anticipated Percentage Interest in the Brookings Project, as well as its share of estimated initial construction costs and Maximum CM Costs, as of the execution date of this Agreement, are set forth in Attachment 2 to this Agreement. (ccc) "Transmission Project Coordinating Committee" means the committee established pursuant to Section 404(b) of this Agreement. 10