Common use of Implementation of Adjustments Clause in Contracts

Implementation of Adjustments. A Reservoir Party shall only make adjustments that can be accommodated by the other Reservoir Parties as follows. When a Reservoir Party makes an adjustment in any of its reservoirs’ regulations, each of the other Reservoir Parties shall, to the extent permitted by the above limitations and within its reservoir(s) operating requirements, make corresponding adjustments in (each of) its reservoir’s(s’) regulation(s) so that the Coordinated System’s energy capability, less all energy reserves, equals the EAEL of the Coordinated System in every Period. Such adjustments shall be prorated among the Reservoir Parties in proportion to their Indicated Import or Indicated Export of energy as determined in the Modified Regulation. Each Reservoir Party shall make all necessary compensating adjustments such that (each of) its reservoir(s) shall be at the elevations indicated in the Modified Regulation for April 1 of each year of the Critical Period or, if such Critical Period ends in the Operating Year for which such adjustments apply, by the end of the Critical Period.

Appears in 3 contracts

Sources: Coordination Agreement, Coordination Agreement, Coordination Agreement