Continuing Reliability Measures Sample Clauses

Continuing Reliability Measures. (a) Commencing in 2000 the System Operator shall perform, and furnish to Participants, an annual, independent "Regional Resource Adequacy Assessment" to determine whether adequate generation and transmission resources are in place or under development to assure that regional and subregional reliability standards established for NEPOOL can be met. (b) During 2000, the Participants Committee shall commence development of alternative, market-based reliability assurance mechanisms. A status report on this development effort shall be submitted to the Commission and furnished to Participants on or before January 1, 2001. New England Power Pool Sheet No. 135A Restated NEPOOL Agreement ------------------------------------------------------------------------------------------------------------------- (c) Certain provisions of the Agreement that impose obligations on Participants, including Participants with generation and transmission resources, were contained within the Agreement at a time when wholesale power and transmission services were subject to very different regulatory rules and an Operable Capability market and Installed Capability auction market were included within the Agreement. During 2000, concurrent with the review pursuant to Section 12.0(b) and in recognition of the implementation of CMS and MSS, the Participants Committee shall also identify those of such obligations, if any, that should be eliminated, modified, or replaced.