Residential Exchange Program definition

Residential Exchange Program means the arrangement, based on section 5(c) of the Pacific Northwest Electric Power Planning and Conservation Act, whereby regional utilities sell BPA an amount of power equal to their residential and small-farm load at their average system cost in exchange for federal electric power, and pass on the benefits to their residential and small-farm customers in the form of a bill credit.
Residential Exchange Program or “REP” means the program established by section 5(c) of the Northwest Power Act.
Residential Exchange Program means the program implemented under this Agreement and established by section 5(c) of the Northwest Power Act.

Examples of Residential Exchange Program in a sentence

  • This schedule is also available for the contract purchase of Residential Exchange Program Power by utilities participating in the Residential Exchange Program under Section 5(c) of the Northwest Power Act.

  • BPA may, upon not less than 10 business days’ prior written notice to «Customer Name», unilaterally revise this exhibit to implement changes that BPA determines are reasonably necessary to allow it to conduct reviews of the accounts and financial records concerning BPA customers’ participation in the Residential Exchange Program.

  • With the exception of sales under the Residential Exchange Program, transmission and ancillary services for use of the Federal Columbia River Transmission System facilities shall be charged separately under the applicable rate schedules.

  • Purchases are made pursuant to a Residential Purchase and Sale Agreement or Residential Exchange Program Settlement Implementation Agreement.

  • For details of the ASC Review Period and guidelines, please see the Rules of Procedure available at BPA’s Residential Exchange Program website.

  • All residential, apart- ment, seasonal dwelling and farm elec- trical loads eligible for the Residential Exchange Program under the terms of a Utility’s Residential Purchase and Sales Agreement.Exchange Period(s).

  • The contract under section 5(c) of the Northwest Power Act between Bon- neville and a Utility that defines and implements the power purchase and sale under the Residential Exchange Program.

  • Although the 2008 ASCM permits a Utility’s ASC to be adjusted to reflect major resources that come on-line during the Exchange Period, as part of the 2012 Residential Exchange Program Settlement Agreement, BPA Contract No. 11PB-12322 (“2012 REP Settlement”), all six regional IOUs agreed to waive this right: “Each IOU waives .

  • General information regarding the ASC Review Process can be found at BPA’s Residential Exchange Program website.

  • PGE invalidated a series of settlement agreements BPA had entered into with IOUs that participated in its Residential Exchange Program (“REP” or “Exchange Program”).


More Definitions of Residential Exchange Program

Residential Exchange Program or “REP” means the Residential Exchange Program established by section 5(c) of the Act.
Residential Exchange Program or “REP,” means the purchase and sale obligations established under Section 5(c) of the Northwest Power Act. Formatted: Bullets and Numbering
Residential Exchange Program means the program established under section 5(c) of the Northwest Power Act.

Related to Residential Exchange Program

  • Exchange Program means a program under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion.

  • Competitive Local Exchange Carrier (CLEC)” means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Solar alternative compliance payment or "SACP" means a