Examples of Operating Members in a sentence
The Proposal must be accompanied by the audited annual financial statements of the Bidder (of the Lead Member and Operating Members in case of a Consortium) for the last two (2) completed financial years.
These include the Inter-Utility MOU, which established the power pool’s management structure and reporting relationships, the Agreement between Operating Members (ABOM) which established the operation and pricing principles, and the Operating Guidelines.
The Proposal must be accompanied by the audited annual financial statements of the Bidder (of the Lead Member and Operating Members in case of a Consortium) for the last three (3) completed financial years.
Operating Members shall consist of all officers, directors, and team managers.
These agreements are: 1) The Inter-Governmental Memorandum of Understanding which enables the establishment of SAPP;2) The Inter-Utility Memorandum of Understanding, which establishes SAPP’s basic management and operating principles;3) The Agreement Between Operating Members which establishes the specific rules of operation and pricing; and4) The Operating Guidelines, which provide standards and operating guidelines.
One of the members will be designated as the Lead Member of the consortium and others as Operating Members.
Promote electricity trading and power pooling such as that described in the Southern African Power Pool (SAPP), Intergovernmental Memorandun of Understanding, the SAPP Agreement between Operating Members, all as adopted by the Member States.
Some or all of the Operating Members are competitors in some or all of the markets in which they operate.
Also , Agreement between Operating Members would be required once further trading begins to take place in GMS.
There are two categories of membership:• Operating Members: Are members who are signatories of all principal documents governing SAPP and have their system interconnected internationally with at least one member.