Settlement Point definition

Settlement Point means a point with elevation and spatial location established by survey prior to construction. The point is re-surveyed periodically to monitor ground movements. The point may be a nail, pin, subsurface settlement rod, borehole extensometer, or other device that can be readily located and surveyed;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Settlement Point has the meaning set forth in Exhibit A.

Settlement Point means, for each Facility, the node pricing at the Point of Delivery for the Delivered Energy from such Facility.

Examples of Settlement Point in a sentence

• Further, Customer acknowledges that Seller and its affiliates are in the business of buying and selling power within the ERCOT market for each of their own accounts and that this participation may affect the calculation of Real-Time Settlement Point Prices.

• Notwithstanding the foregoing, Customer agrees to pay the amounts provided for in this Agreement that may be based upon Real-Time Settlement Point Prices, as promulgated by ERCOT.

• Subject to the right of Customer to dispute a Seller Invoice as set forth in the Agreement, Customer will not withhold payment for any reason, including, investigatory activities undertaken by ERCOT or PUCT, based on Seller's participation in the market and its effect on Real-Time Settlement Point Prices.

• Nothing in this Agreement restricts Seller or any of Seller's affiliates from participating in the ERCOT market activities that may affect Real-Time Settlement Point Prices.

More Definitions of Settlement Point

Settlement Point means [PNode/DLAP/SP-15].

Settlement Point shall be [the pNode/ NP-15 (TH_NP15_GEN-APND)]. EXHIBIT D Buyer as Scheduling Coordinator for the Facility. Upon Initial Synchronization of the Facility to the CAISO Grid, Buyer shall be the Scheduling Coordinator or designate a qualified third party to provide Scheduling Coordinator services with the CAISO for the Facility for both the delivery and the receipt of Test Energy and the Product at the Delivery Point. At least thirty (30) days prior to the Initial Synchronization of the Facility to the CAISO Grid, (i) Seller shall take all actions and execute and deliver to Buyer and the CAISO all documents necessary to authorize or designate Buyer (or Buyer’s designee) as the Scheduling Coordinator for the Facility effective as of the Initial Synchronization of the Facility to the CAISO Grid, and (ii) Buyer shall, and shall cause its designee to, take all actions and execute and deliver to Seller and the CAISO all documents necessary to authorize or designate Buyer or its designee as the Scheduling Coordinator for the Facility effective as of the Initial Synchronization of the Facility to the CAISO Grid. On and after Initial Synchronization of the Facility to the CAISO Grid, Seller shall not authorize or designate any other party to act as the Facility’s Scheduling Coordinator, nor shall Seller perform for its own benefit the duties of Scheduling Coordinator, and Seller shall not revoke Buyer’s authorization to act as the Facility’s Scheduling Coordinator unless agreed to by Buyer. Buyer (as the Facility’s SC) shall submit Schedules to the CAISO in accordance with this Agreement and the applicable CAISO Tariff, protocols and Scheduling practices for Product on a day-ahead, hour-ahead, fifteen-minute market or real time basis, as determined by Buyer.

Settlement Point shall be [ ]. (Note: SJCE is requesting pricing based both the pNode and NP-15 (TH_NP15_GEN-APND).

Settlement Point shall be [__________]. (Note: Pricing is requested based both the pNode and NP-15 (TH_NP15_GEN-APND). Site Control: Seller shall maintain Site Control throughout the Delivery Term.

Settlement Point has the meaning set forth in Attachment 4 [Settlement Schedule and Contract Strike Price].

Settlement Point means a Resource Node, Load Zone, or hub.

Settlement Point. [The Facility pnode on the CAISO Grid] Capacity Area: CAISO System, SD-IV Scheduling Coordinator: Buyer or ▇▇▇▇▇’s agent