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Essay

Steels Pond Case

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Susan G

 

Date added:

October 7, 2011

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1241

 

Was viewed:

5546 times

 

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Essay content:

The lease between WRC and Pittsfield Hydro requires the lessee to pay rent equal to a percentage of "adjusted gross operating revenue (AGR) received from power sales at the facility." The percentage rises over the lease term, capping at "10% of AGR for years 16 through 50, inclusive." On the other hand, the rent is "20% of the Gross Revenue (GR) received from power sales at the facility for years 11 through 50, inclusive" for Steels Pond...
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Further, under the lease agreements, "Gross Revenue" has been defined as "income received from the sale of electrical power produced by the facility at the premises." The defendants sold power to Public Service of New Hampshire (PSNH) in conformance to a rate order approved by the New Hampshire Public Utilities Commission...
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