NBSO definition

NBSO has the meaning given in the recitals to this Assignment Agreement.

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NBSO means New Brunswick System Operator. See “Description of the Business – Production Method, Principal Markets, Distribution Methods and Material Facilities – Power Generation: Renewable – Hydroelectric – Principal Markets and Distribution Methods – New Brunswick and Northern Maine”.

NBSO means the New Brunswick System Operator, its successors and assigns.

Examples of NBSO in a sentence

• In the case of the NBSO as delivering Party, the Cost of energy shall be the Market Clearing price (in $U.S./MWh) at the external node associated with the Delivery Point 1(as used in the NBSO Market System for energy exports from the NBSO Balancing Authority Area into the New England Balancing Authority Area, as such pricing node is defined in NBSO Market Rules and determined by the NBSO) for the hour of the Emergency Energy delivery.

• In the case of ISO-NE as the delivering Party, the Cost of energy shall be the Locational Marginal Price (in $U.S./MWh) at the external node associated with the Delivery Point 2 (as used in the New England Market System for energy exports from the New England Balancing Authority Area into the NBSO Balancing Authority Area, as such pricing node is defined in Market Rule 1 and determined by ISO-NE) for the hour of the Emergency Energy delivery.

• The Delivery Point is constituted of all of the points of direct Interconnection between the New England Balancing Authority Area and the NBSO Balancing Authority Area.

• The Assignor and Assignee mutually agree to execute and deliver to the NBSO the Notice of Assignment of Transmission Rights in the form annexed hereto as Schedule “B” promptly after execution of this Assignment Agreement by both parties and to execute such further notices, documents or assurances as may be necessary or desirable under the OATT.

• At the time of Closing, Buyer shall have provided the NBSO with a copy of the executed Assignment Agreement and shall have received an acknowledgement from the NBSO of its receipt of the Assignment Agreement and its concurrence with its terms.

• Upon the occurrence of an Event of Default, the Assignee shall have the right to advise the NBSO of the Assignee’s exercise of its rights under this Assignment Agreement or give notice thereof to the NBSO.

• As Balancing Authority, the NBSO and ISO-NE shall interact with each other as required, and with other Balancing Authority Areas and Reliability Coordinators, to establish Security Limits and to perform Reliability coordination and Reliability assessments of outages.

• For all Delivered Electricity delivered to the Delivery Point on and after the Commercial Operation Date, Buyer shall pay the Seller a price for all Delivered Electricity (and all balancing power purchased by the Seller from the NBSO) (the “Delivered Electricity Price”).

• Both Parties shall exercise due diligence to mitigate an Emergency to the extent practical as per each Party’s requirements in applicable policies and procedures governing the mitigation of an Emergency by NERC, NPCC, ISO-NE Tariff, NBSO Market Rules and NBSO Tariff.

• The applicable tariffs and related costs shall include, without limitation, the NBSO tariff, MEPCO tariff, ISO-NE tariff, and Transenergie tariff (Quebec).

More Definitions of NBSO

NBSO means the New Brunswick System Operator established pursuant to the Electricity Act (New Brunswick) or any successor corporation or division of any corporation which may be established or authorized to carry out the functions of system operator of the Bulk Power System in New Brunswick;

NBSO means New Brunswick System Operator. See “Description of the Business – Production Method, Principal Markets, Distribution Methods and Material Facilities – Power Generation: Renewable – Hydroelectric”.

NBSO means New Brunswick System Operator.