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In electric power distribution, a service drop is an overhead electrical line running from a utility pole, to a customer's building or other premises. It is the point where electric utilities provide power to their customers. [1] The customer connection to an underground distribution system is usually called a "service lateral".
The Death of Contract is a book by American law professor Grant Gilmore, written in 1974, about the history and development of the common law of contracts. [1] [2] Gilmore's central thesis was that the Law of Contracts, at least as it existed in the 20th-century United States was largely artificial: it was the work of a handful of scholars and judges building a system, rather than a more ...
The Value of Lost Load (VoLL) is the estimated amount that customers receiving electricity with firm contracts would be willing to pay to avoid a disruption in their electricity service. [1] The value of these losses can be expressed as a customer damage function (CDF). A CDF is defined [2] as: Loss ($/kW) = ƒ (duration, season, time of day ...
A termination for convenience clause, or "T for C" clause, [1] enables a party to a contract to bring the contract to an end without the need to establish that the other party is in default, for example because the client party's needs have changed, or in order to arrange for another party to complete the contract.
The opposite of firm service is non-firm service, also called interruptible service or as-available service. The cost per unit for this service is called a non-firm rate or interruptible rate . The interruptible load is the portion of a utility's load that comes from customers with interruptible service.
(Reuters) - A contract worker has died in a water storage pit at a Birchcliff Energy facility in northwest Alberta, the Canadian oil and gas producer said on Wednesday.
First, where a party to a contract exercises an express right of termination, he or she is sometimes said to have exercised a right to rescind the contract. Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law.
The standardized service contract is a software design principle [1] applied within the service-orientation design paradigm to guarantee that service contracts [2] within a service inventory [3] (enterprise or domain) adhere to the same set of design standards. [4] This facilitates standardized service contracts across the service inventory. [5]