WSPP Firm definition
WSPP Firm means with respect to a Transaction, a Product that is or will be scheduled as firm energy and consistent with the most recent rules adopted by the WECC for which the only excuses for failure to deliver or receive are if an interruption is (i) due to an Uncontrollable Force as provided in Section 10 of the WSPP Agreement; or (ii) where applicable, to meet Seller's public utility or statutory obligations to its customers. Notwithstanding any other provision in this Master Agreement, if Seller exercises its right to interrupt to meet its public utility or statutory obligations, Seller shall be responsible for payment of damages for failure to deliver firm energy as provided in Article Four of this Agreement.
WSPP Firm means with respect to a Transaction, a Product that is or will be scheduled as firm energy and consistent with the most recent rules adopted by the WECC for which the only excuses for failure to deliver or receive are if an interruption is due to an Uncontrollable Force as provided in Section 10 of the WSPP Agreement.
Examples of WSPP Firm in a sentence
The Parties acknowledge that the performance of each Party’s obligations in this Transaction is subject to Force Majeure provisions and definitions and WSPP Firm definitions incorporated as part of this Confirmation.