PJM Member definition

PJM Member means any entity satisfying the requirements of PJM to conduct business with PJM, including Market Participants, transmission owners, generating entities and Load Serving Entities.

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PJM Member. A member in good standing of PJM that satisfies the requirements to conduct business with PJM. PJM OA – The PJM Operating Agreement or the successor, superseding or amended version of the PJM Operating Agreement that may take effect from time to time. PJM OATT – The PJM Open Access Transmission Tariff or the successor, superseding or amended version of the PJM Open Access Transmission Tariff that may take effect from time to time. PJM OI – The PJM Office of Interconnection, the system operator for the PJM Control Area. PJM RAA – The PJM Reliability Assurance Agreement or the successor, superseding or amended version of the PJM Reliability Assurance Agreement that may take effect from time to time. PMEA/FMEA Adjustment Amount – For any Billing Month, the monetary amount due to the DS Supplier or the Company, as the case may be, in order to reconcile any difference between the PMEA used for the purpose of calculating estimated payments made to DS Supplier for a given month and the FMEA used for calculating the final payments due to the DS Supplier for such month as more fully described in Article 9 hereof. Preliminary Monthly Energy Allocation or “PMEA” – A quantity of Energy which, for any Billing Month, is the preliminary calculation of the DS Supplier’s DS Supplier Responsibility Share for that Billing Month. Rate Schedule(s) – Shall mean the specified existing, and modified or successor customer rate schedule(s) in the electric service tariff of the Company filed with the Commission. Reliability First Corporation or “RFC” – The approved regional NERC entity with responsibility for the Commonwealth of Pennsylvania. Residential Class – Group of Rate Schedules that comprise the Residential Class for the DS Supply and itemized in Appendix C Seasonal Billing Factor – A numerical factor, as set forth in Appendix C hereto, one amount applicable during the summer months of June through September and one amount applicable during the non-summer months of October through May, applied to the DS Fixed Price in accordance with the provisions of Article 9 hereof and thereby used to adjust the Company’s payments to the DS Supplier. Rounding Amount - $100,000. Settlement Amount – With respect to a Non-Defaulting Party, the net amount of the Losses or Gains, and Costs, expressed in U.S. Dollars, which such Party incurs as a result of Early Termination, as set forth in Section 5.4(a) of this Agreement. For the purposes of calculating the Termination Payment, the Settlement...

PJM Member means any entity satisfying the requirements of PJM to conduct business with PJM, including transmission owners, generating entities, Load Serving Entities and marketers.

Examples of PJM Member in a sentence

Applicant is an entity desiring to become a PJM Member, or to take Transmission Service that has submitted the PJMSettlement Credit Application, PJMSettlement Credit Agreement and other required submittals as set forth in this policy.
PJMSettlement pays the applicable LMP to the PJM Member that nominates the load.
Should Company seek to become a Market Participant it must be a PJM Member, or apply to PJM to become a PJM Member under the terms of the Governing Documents, and nothing in this Reimbursement Agreement affects its rights or obligations as a Market Participant.
Written notice of changes to the declarations contained herein must be provided by Principal (PJM Member) to PJM at least thirty days in advance of their effectiveness.
If Agent is also a PJM Member, then both parties will be required to provide thirty days prior written notification in order for such changes to be effective.
The obligations of Guarantor hereunder are independent of any of its other obligations to any other party, the obligations of any other Guarantor or the obligations of any other PJM Member.
If PARTY A is also a PJM Member, then both parties must provide thirty (30) days prior written notification in order for such changes to be effective.
If PARTY A is also a PJM Member, both parties will be required to provide at least sixty (60) days prior written notification, in a form acceptable to PJM, in order for termination to become effective.
Any existing PJM Member may act as a third party for non-members, in which case the third party will be referred to as the Curtailment Service Provider (CSP).
PJM pays the higher of the appropriate zonal Locational Marginal Price (LMP) or $500/MWh to the PJM Member that nominates the load.

More Definitions of PJM Member

PJM Member means a member of PJM Interconnection, L.L.C.

PJM Member means any entity satisfying the requirements of PJM to conduct business with PJM.