WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time. “West Firm” or “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 Agreement means the Western Systems Power Pool Agreement as amended from time to time.
WSPP Agreement means the WSPP Agreement, including Service Schedules and Exhibits attached, the Master Confirmation Agreement to the WSPP Agreement executed by the Parties, any amendments and annexes thereto agreed to between the Parties, and all Transactions evidenced by confirmations between the Parties entered into or conducted thereunder. The numbering of sections contained herein correspond to the WSPP Agreement effective as of July 28, 2020 and any renumbering of the sections shall not affect the terms of this Collateral Annex.
Examples of WSPP Agreement in a sentence
TPS will provide one comprehensive invoice for activities under this Agreement and the WSPP Agreement which details the Services and quantity of Products, and imbalance charges scheduled and settled for Customer during the applicable billing Month together with any adjustments for prior Months’ Services to account for revised settlement billing statements received from Third Parties and from CAISO, and any applicable Pass Through Amounts.
The Parties agree that, notwithstanding anything in the WSPP Agreement, TPS’s Recordings and its provision of this report will be deemed the Confirmation under the WSPP Agreement for all Transactions, of one month or less in duration.
For Transactions longer than one month, the Parties will memorialize the Transactions in a written Confirmation under the WSPP Agreement.
More Definitions of WSPP Agreement
WSPP Agreement is defined in the introductory paragraph hereof.
WSPP Agreement means the WSPP Agreement published by WSPP, Inc., as amended from time to time.
WSPP Agreement means the Western Systems Power Pool Agreement, dated September 1, 2002.
WSPP Agreement means the WSPP Agreement, including Service Schedules and Exhibits attached, the Master Confirmation Agreement to the WSPP Agreement executed by the Parties, any amendments and annexes thereto agreed to between the Parties, and all transactions evidenced by confirmations between the Parties entered into or conducted thereunder. The numbering of sections contained herein correspond to the WSPP Agreement effective as of August 26, 2022 and any renumbering of the sections shall not affect the terms of this Agreement.
WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time. EXHIBIT A MASTER POWER PURCHASE AND SALE AGREEMENT CONFIRMATION LETTER EXHIBIT B RESOURCE ADEQUACY (“RA”) CAPACITY The Parties acknowledge and agree that after the execution of this Master Agreement, they may enter into one or more contracts or confirmations concerning Resource Adequacy, which products, terms, conditions and definitions shall be documented in an Resource Adequacy Confirmation (“RA Confirm”), the terms and conditions of which the Parties agree to negotiate in good faith at the time such Transactions are contemplated. EXHIBIT C RENEWABLE ENERGY CREDIT (“REC”) The Parties acknowledge and agree that after the execution of this Master Agreement, they may enter into one or more contracts or confirmations concerning RECs, which terms and conditions shall be documented in a REC Confirmation and which the Parties agree to negotiate in good faith at the time such Transactions are contemplated. EXHIBIT D CERTIFICATION OF NONDISCRIMINATION
WSPP Agreement means the WSPP Agreement published by WSPP, Inc., formerly known as the Western Systems Power Pool. 3. IST Settlements and Submissions. 3.1 Purpose.23 The Parties adopt this Amendment to address what would otherwise be a double payment to the Seller and a double charge to Buyer through CAISO settlement of elements of LMP are System Marginal Cost of Energy (which is the same system-wide), the Marginal Cost of Congestion, and the Marginal Cost of Losses.
WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time."CAISO Firm" means with respect to a Transaction, a Product under which the Seller shall sell and the Buyer shall purchase a quantity of energy equal to the hourly quantity without Ancillary Services (as defined in the Tariff) that is or will be scheduled as a schedule coordinator to schedule coordinator transaction pursuant to the applicable tariff and protocol provisions of the California Independent System Operator ("CAISO") (as amended from time to time, the "Tariff") for which the only excuse for failure to deliver or receive is "an Uncontrollable Force" (as defined in the Tariff) called by the CAISO in accordance with the terms in the Tariff. A CAISO Schedule Adjustment shall not constitute a Force Majeure; rather, if there is a CAISO Schedule Adjustment, the Parties shall make an adjustment payment (the "Adjustment Payment") with respect to the Contract Quantity to which the CAISO Schedule Adjustment applies (the "Affected Contract Quantity"). Notwithstanding Section 4.1, (i) if the Replacement Price (as defined above ) that Buyer is required to pay the CAISO is greater than the Contract Price, then Seller shall pay Buyer an Adjustment Payment equal to the Affected Contract Quantity times the difference between the Replacement Price and the Contract Price; (ii)if the Replacement Price that Buyer is required to pay the CAISO is less than the Contract Price, then Buyer shall pay Seller an Adjustment Payment equal to the Affected Contract Quantity times the difference between the Contract Price and the Replacement Price; and (iii) if the Replacement Price is less than 0, then Seller shall pay Buyer an Adjustment Payment equal to the Affected Contract Quantity times the absolute value of the Ex Post Price.