NEPEX definition
Examples of NEPEX in a sentence
At that time, the payment of a portion of NEPEX expenses from the Savings Fund in accordance with the Prior NEPOOL Agreement also terminated.
At such time, whether or not the Second Effective Date has occurred, the payment of a portion of NEPEX expenses from the Savings Fund in accordance with the Prior NEPOOL Agreement shall terminate.
Thus, REMVEC's responsibilities as a NEPEX satellite organization would be significantly reduced.
REMVEC, which was established to operate as a satellite of NEPEX by the Expiring Agreement, would be expected to become a transmission security analysis center and to assist NEPEX in the coordination and control of the transmission system.
The calculations required to determine Phase II limitations will normally be done using a software package in the NEPEX computer.
NYPP and PJM will monitor their respective systems to provide NEPEX with the data required to calculate Phase II import limits.
A REMVEC II Participant (with the sole exception of NEP) may terminate its participation in REMVEC II as of midnight on June 30 of any calendar year beginning with 1998 and ending with 2004 by providing REMVEC II not less than two (2) years' prior written notice; provided, however, that such REMVEC II Participant shall have received approval prior to the giving of such notice from the NEPOOL Management Committee allowing it to be a direct reporting entity to NEPEX under the NEPOOL Agreement.
It is understood that NEPEX may dispatch some or all of the units which are to provide the energy sold pursuant to this Agreement and that provision of energy, capacity and any related transmission or ancillary services under this Agreement is subject to the provisions of the Restated NEPOOL Agreement, NEPOOL Transmission Tariff, and Bangor Hydro's Transmission Tariff, as each may be amended from time to time.
Further, this Agreement shall be amended at anytime upon a determination by the Executive Committee, at a meeting called pursuant to Article V and upon a duly approved resolution taken pursuant to Article V, that such amendment is necessitated on account of REMVEC II operating as a satellite of NEPEX or a successor organization.
As a result of the implementation by NEPOOL of recommendations made in the 1993 Strategic Pool Operations Review Task Force Report, NEPEX will assume direct control over the generating units in New England on or about July 1, 1997.