MRTU definition
Examples of MRTU in a sentence
Throughout the Delivery Term, Buyer shall be entitled to all Integrated Forward Market Load Uplift Obligation credits (as defined or required for MRTU under the CAISO Tariff) associated with the Energy generated from the Project.
Throughout the Delivery Term, Seller shall designate Inter-SC Trades (“IST”) for delivery of Energy generated from the Project and associated Integrated Forward Market (“IFM”) Load Uplift Obligation credit (as defined or required for MRTU under the CAISO Tariff), up to the Contract Capacity, solely to Buyer’s SC, based on a final Day-Ahead and/or Hour-Ahead Schedule (“Scheduled Energy”).
If the current NP-15 zonal delivery point, which is part of the zonal market structure established by the CAISO that exists as of the date of this Agreement, is materially modified or replaced by the CAISO as a result of MRTU or a successor program (“Restructuring Event”), then the Delivery Point shall be the Interconnection Point with the CAISO Grid as specified in Section 3.1(h)(i) herein.
If a Reversion Event occurs, the Parties agree to work in good faith to determine the impact of such Reversion Event and the best then applicable index to be used for the Covered Transactions; provided, however, that if the Parties are not able to timely agree on the applicable index, then the ICE Day-Ahead Power Price for the SP15 Zone or NP15 Zone (as appropriate) shall be the applicable index until the Reversion Event ceases and MRTU is re-implemented.
If the CAISO Tariff implementing MRTU has become effective but this Agreement has not yet been made effective by FERC, the Parties will use the terms of this Agreement to interpret and implement the CAISO Tariff under MRTU and the terms of the existing Metered Subsystem Aggregator Agreement, to effectuate the intention of the Parties until such time as this Agreement is made effective by FERC.