4.3. ERMUSR 05-10-2011 - Laserfiche WebLink

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Transmission Owner Services and Asset Assignment Agreement ARTICLE 5 REVENUE ALLOCATION AND APPLICATION OF REVENUES Section 501. Definition of Revenues. (a) As used in this Agreement, the term "Revenues" means (i) revenues received by or credited to CMMPA pursuant to the MISO- Related Documents and the Funds Trust Agreement that are properly allocable to the CMMPA-Owned Transmission Projects or the Participant- Owned Transmission Facilities, subject to any adjustments and other offsets required pursuant to the MISO-Related Documents and the Funds Trust Agreement; and (ii) interest income, true-ups, withdrawals from a working capital fund, and other revenues received by CMMPA in connection with the provision of Transmission Owner Services under this Agreement. (b) Revenues may take the form of a credit or offset to charges included on CMMPA invoices for MISO Services purchased by CMMPA on behalf of the Participants. (c) The term "Revenues" includes only payments made to CMMPA that are specifically related to recovery of costs related to and return on assets in CMMPA-Owned Transmission Projects or the Participant-Owned Transmission Facilities. Exclusions from "Revenues" encompass, but are not limited to, CMMPA (i) recovery of costs related to and return on general plant assets; (ii) recovery of and return on working capital that is not directly related to the CMMPA-Owned Transmission Projects or the Participant-Owned Transmission Facilities; (iii) recovery of transmission operating and maintenance expenses that are not allocated or assigned to the Participant; and (iv) recovery of administrative, general, and other indirect costs incurred by CMMPA that are not allocated or assigned to the Participant. Section 502. Allocations of Revenues as Among Projects, Facilities, and Participants. (a) For each month of each Contract Year during the term of this Agreement, CMMPA shall determine, consistent with the terms of this Section 502, the allocation of Revenues attributable to (i) each of the CMMPA-Owned Transmission Projects, (ii) each Participant with capacity rights or other participation interests in each of the CMMPA-Owned Transmission Projects, and (iii) each of the Participant-Owned Transmission Facilities. (b) To the extent practicable, such allocation shall reflect the basis on which such Revenues are received by CMMPA, consistent with: (i) the revenue distribution methodology used in the JPZ Agreements to distribute Revenues to CMMPA; and 29