Exempt Wholesale Generator Sample Clauses
The Exempt Wholesale Generator clause defines an entity that is exclusively engaged in the generation and wholesale sale of electric energy, and is granted a specific regulatory status under federal law. This status exempts the entity from certain regulatory requirements typically imposed on utilities, such as state rate regulation or certain ownership restrictions. By clearly identifying which parties qualify as Exempt Wholesale Generators, the clause ensures compliance with applicable laws and facilitates streamlined regulatory treatment, thereby reducing administrative burdens and encouraging investment in power generation projects.
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Exempt Wholesale Generator. Each of the statements regarding the Owner Lessor contained in the Owner Lessor's application filed with the FERC to obtain the FERC EWG (Owner Lessor) Order was true and correct as of the date such statement was made by the Owner Lessor.
Exempt Wholesale Generator. Each of PPL Montana and, assuming the statements regarding the Owner Lessor contained in the Owner Lessor's application filed with the FERC to obtain the FERC EWG (Owner Lessor) Order are true and correct, the Owner Lessor, is an "exempt wholesale generator" as such term is defined in Section 32 of the Holding Company Act.
Exempt Wholesale Generator. STATUS
774 D. RRB Transaction Overview
Exempt Wholesale Generator. On the date on which it first sells electricity and on each Equity Capital Contribution Date, each Project Company shall be an EWG; provided that nothing in this Agreement shall require any Project Company to obtain a FERC order determining it to be an EWG.
Exempt Wholesale Generator. STATUS Should any entity to whom PSNH sells its generating assets be qualified to seek Exempt Wholesale Generator status under Section 32 of the Public Utility Holding Company Act of 1935 and other federal law, rules and regulations, the Parties agree that they will support the purchaser's efforts to obtain any necessary approvals and findings from the PUC.
Exempt Wholesale Generator. As of the date hereof, the Seller, through its Subsidiaries, possesses “exempt wholesale generator” status and has a “market based rate” tariff on file at the Federal Energy Regulatory Commission. As of the Closing Date, the Acquired Companies receiving the Purchased Assets relating to Escondido and Chula Vista shall possess “exempt-wholesale generator” status and have a “market based rate” tariff on file with the Federal Energy Regulatory Commission.
Exempt Wholesale Generator. The Borrower shall own, construct, operate and maintain the Project in a manner so that at all times the Project will be an Exempt Wholesale Generator or otherwise be exempt from regulation under PUHCA.
Exempt Wholesale Generator. Such Guarantor shall cease to be an EWG (provided, that such event shall not be a Project Event of Default if such Guarantor is no longer required under any Requirement of Law to hold such status in order to be exempt from PUHCA);
Exempt Wholesale Generator. Status --------------------------------- To facilitate the divestiture and valuation of Boston Edison units, the parties agree that it is in the public interest for Boston Edison or its successors or assigns to be authorized to sell electricity at market prices in the wholesale markets, and that Boston Edison or its successors or assigns shall be free to apply to become an exempt wholesale generator pursuant to