Common use of Reliability Standards Clause in Contracts

Reliability Standards. Seller shall operate the Facility in manner that complies with all national and regional reliability standards, including standards set by NERC, FERC, and any other Governmental Authority, or any successor agencies setting reliability standards for the operation of generation facilities. To the extent that Seller or the Facility contributes in whole or in part to actions that result in monetary penalties being assessed to Buyer by NERC or any successor agency, for lack of compliance with reliability standards, Seller shall reimburse Buyer for its share of such monetary penalties.

Reliability Standards. Seller shall operate the Facility in a manner that complies with all national and regional reliability standards, including standards set by NERC, FERC, MRO and any other Governmental Authoritythe URC, or any successor agencies setting reliability standards for the operation of generation facilities. To the extent that Seller or the Facility contributes in whole or in part to actions that result in monetary penalties being assessed to Buyer Company by NERC NERC, the MRO, or any successor agency, for lack of compliance with reliability standards, Seller shall reimburse Buyer Company for its share of such monetary penalties.

Reliability Standards. Seller shall operate the Facility in a manner that complies with all national and regional reliability standards, including standards set by NERCthe Transmission Operator, RFC, NERC and the FERC, and any other Governmental Authority, or any successor agencies setting reliability standards for the operation of generation facilities. To the extent that Seller or does not operate the Facility contributes in whole or in part to actions accordance with such standards that result in monetary penalties being assessed to Buyer Purchaser by NERC the Transmission Operator, RFC, NERC, or any successor agency, for lack of compliance with reliability standardsthe FERC, Seller shall reimburse Buyer Purchaser for its share of such monetary penalties.