Operation and Maintenance Budget definition

Operation and Maintenance Budget. The operation and maintenance budget for each Unit provided annually by the Operator to the Nuclear Managing Board pursuant to Section 4.3 of the Nuclear Managing Board Agreement, containing an estimate of the costs of operation and maintenance services for each Unit for the next calendar year, and a forecast of budget requirements for the succeeding four (4) calendar years. “Operator” Southern Nuclear Operating Company, Inc., a corporation organized and existing under the laws of the State of Delaware, which will oversee construction of the Project on behalf of the Owners pursuant to the Letter Agreement for Construction Services, and operate the Project on behalf of the Owners pursuant to the Nuclear Operating Agreement.
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Operation and Maintenance Budget means the budget described in Section 3.2.3 hereof. 1.27 "Operation and Maintenance Services" shall mean work for the Participants relating to the possession, management, control, start up, operation, availability, production of energy, maintenance, modification, shutdown, retirements, and decommissioning, including, but not limited to, any planning, design, engineering, labor, procurement of materials and supplies, materials management, quality assurance, training, security, environmental protection, and handling of any source material, special nuclear material or by-product material together with maintaining or obtaining licenses and regulatory approvals related thereto, governmental affairs or regulatory relationships, and all other activity that is not included in or performed as New Investment Services or Fuel Services, but which is required for the operation and maintenance of Each Plant or that may be required to comply with Legal Requirements. 1.28 "Participants" shall mean GPC, Oglethorpe, MEAG and Dalton, who jointly own Each Plant. References to the "Participxxxx" herein are not intended to and do not amend or modify rights among the Participants in any Participation Agreement or other agreement among them. 1.29 "Participants' Agent" shall mean GPC, acting in its own behalf and as agent for the other Participants pursuant to the Participation Agreements and pursuant to the Nuclear Managing Board Agreement. 1.30 "Participation Agreements" shall mean the agreements identified in Section 1.31 of the Nuclear Managing Board Agreement, as the same may be amended from time to time hereafter. 1.31 "Plant Hatch" shall have the meaning assigned in Section 1.32 of the Nuclear Managing Board Agreement. 1.32 "Plant Vogtle" shall have the meaning assigned in Section 1.33 of the Nuclear Managing Board Agreement. 1.33 "Prudent Utility Practice" shall mean at a particular time any of the practices, methods and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at the lowest reasonable cost consistent with good business practices, reliability, safety and expedition. "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 having due regard for, among other things, manufacturers' warranties and the requirement...
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Operation and Maintenance Budget means, with respect to each Vogtle Unit, the Operation and Maintenance Budget described in Section 4.3 of the Nuclear Managing Board Agreement.
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Examples of Operation and Maintenance Budget in a sentence

  • Attachment C: Mobile Pumpout Vessel Operation and Maintenance BudgetSubmit as Attachment C, a Mobile Pumpout Vessel Operation and Maintenance Budget, if applicable, as outlined under Part VI in the Application form of these instructions (sample budget form).

  • Table 25: Operation and Maintenance Budget Fiscal yearOperation and maintenance budget(Vietnamese Dong)20107,381,818,182201118,000,000,000201219,797,681,747201319,771,548,446201419,978,000,019201518,003,564,118201618,866,388,918201719,800,939,272201819,157,012,531 In summary, the project’s financial sustainability is stable.

  • Also included in the Operation and Maintenance Budget is a 1.90% increase in materials, supplies and service which has an impact of $124,536.

  • Exhibit OP-5 Detail by Subactivity Group(Page 10 of 10) COMPONENT NAME *Operation and Maintenance, Budget Activity Activity Group Detail by Subactivity Group (FY PY, FY CY, FY BY1 and BY2) IV.

  • Director Sangster asked for any other Public Comment.None Director Sangster Closed Public Hearing on Resolution 2019-22 Adopting the FY 2019- 20 Operation and Maintenance Budget Board Comment: Director Kalvans voiced that most Agencies that are in trouble financially are at 55% range for wages in their budget.

  • To ensure better governance and compliance, it is also proposed to have Operation and Maintenance Budget approved for 2 year on rolling basis.

  • Included in the Operation and Maintenance Budget is a 7.0% increase in materials, supplies and service which has an impact of $505,000.

  • Table 3 Trends in Operation and Maintenance Budget of UIIP Office （units: million rupees） FY2000200120021.

  • Funding Source for operations over the 15 – 20 year service contract period: Annual RWRD Operation and Maintenance Budget.

  • This is a significant achievement.The total Capital and Operation and Maintenance Budget for 2005 – 2006 is $784.0 millionThe Operation and Maintenance budget totals $577.6 million of which $58.8 million is recoverableThe Capital Budget totals $206.4 million of which $76.8 million is recoverable.The 2003 – 2004 Budget laid the foundation for the Territory’s financial future.


More Definitions of Operation and Maintenance Budget

Operation and Maintenance Budget means the budget described in Section 4.3 hereof.
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Related to Operation and Maintenance Budget

  • Operation and Maintenance Costs means the costs of:

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Operations and maintenance means a project delivery method in which the District enters into a single contract for the routine operation, routine repair, and routine maintenance of an infrastructure facility.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Deferred Maintenance means improvements necessary for continued operations, which do not improve productivity or alter the process technology.

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Routine maintenance means actions performed on a regular or controllable basis or in response to uncontrollable events upon a highway, road, street, or bridge. Routine maintenance includes, but is not limited to, 1 or more of the following:

  • Major maintenance means the adjustment, repair or replacement of a component or module that could affect the accuracy of a measurement.

  • Support and Maintenance Services means the support and maintenance services described in Section 1 of these Support Terms.

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under Section 175A of the CAA, as amended.

  • Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6;

  • Maintenance Term means the period of time for which Customer has purchased Maintenance Services, as evidenced by the Purchase Order delivered by Customer in connection therewith, together with all renewals effected in accordance with Section 4 of this Agreement.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Prosecution and Maintenance or “Prosecute and Maintain” means, with regard to a Patent Right, the preparing, filing, prosecuting and maintenance of such Patent Right, as well as handling re-examinations, reissues, and requests for patent term extensions with respect to such Patent Right, together with the conduct of interferences, the defense of oppositions and other similar proceedings with respect to the particular Patent Right. For clarification, “Prosecution and Maintenance” or “Prosecute and Maintain” will not include any other enforcement actions taken with respect to a Patent Right.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Corrective Maintenance means the maintenance which is required when an item has failed or worn out, to bring it back to working order, which may also include those services necessary to partially restore, renew or strengthen an existing Department facility or system, following damage caused by use or normal wear and tear.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Emergency Maintenance means any period of maintenance for which, due to reasons beyond its reasonable control, the Company is unable to provide prior notice of.

  • Maintenance Test means the maintenance test set out in Clause 12.1 (Maintenance Test).

  • Retail Service and Maintenance Sector Means the service and maintenance of retail facilities which includes financial institutions, retail businesses, schools and hospitals but does not include commercial premises as defined.

  • Maintenance Adder means an adder that may be included to account for variable operation and maintenance expenses in a Market Seller’s Fuel Cost Policy. The Maintenance Adder is calculated in accordance with the applicable provisions of PJM Manual 15, and may only include expenses incurred as a result of electric production.