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<br />e <br /> <br />e <br /> <br />ARTICLE 5 <br /> <br />... <br /> <br />MISCELLANEOUS <br /> <br />5.1 Insurance <br /> <br />5.1.1 The Managing Participant shall carry all risk fIre and property coverage insurance <br /> <br />on the Plant in an amount at least equal to the replacement cost of the portion of the Plant that is <br /> <br />located above ground, with a standard deductible amount established by the insurance policy <br /> <br />contract of the Managing Participant. Premiums for the insurance policy shall be included in the <br /> <br />O&M Expense and paid pro rata by the Participants as provided els~where in this Agreement. (In <br /> <br />the event of casualty covered by the insurance, the Managing Participant will bill Participants for <br /> <br />payment of the deductible as a "Major Replacement" as provided elsewhere in this Agreement.) <br /> <br />5.1.2 If the Plant shall be damaged or destroyed by fIre or other casualty, the Managing <br /> <br />Participant shall apply the proceeds from any fire or casualty insurance either (1) to repair such <br /> <br />damage or destruction so as to restore the Plant as nearly as possible to the condition thereof <br /> <br />immediately prior to such damage or destruction, or (2) to construct, install, or otherwise add to <br /> <br />the Plant improvements substantially equal in value to the portion of the Plant which was <br /> <br />damaged or destroyed, and of usefulness comparable to that destroyed or damaged such that the <br /> <br />Production Capacity and the Pumping Capacity specified elsewhere herein are maintained. <br /> <br />A:\EWB 1097S.RVI <br />L.O. File No. 80-99146-01 <br /> <br />February 9, 2000 <br /> <br />31 <br />