SECTION 165:40-7-4. Purchase rate (firm vs. non-firm)

Latest version.

  The purchase for firm vs. non-firm power will be set forth in the rate schedule as follows:
(1)   Firm power at_cents per kWh. Contracts may provide that if producer fails to provide firm power, as contracted, the producer shall reimburse the cooperative/utility for the difference between the firm and non-firm rate;
(2)   Non-firm power at_cents per kWh; or
(3)   Purchase rate described in 165:40-7-5.

                    
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