Common use of Allocation of Penalties Clause in Contracts

Allocation of Penalties. For any monetary Penalty imposed upon the ISO by a Compliance Enforcement Authority or FERC for a violation of any Reliability Standards Requirement or sub-Requirement covered by this Agreement, the ISO may seek authority from FERC to impose a direct or indirect allocation of the Penalty, as appropriate, through the procedure set forth in Section 14.7 of the ISO Tariff.

Appears in 11 contracts

Samples: Coordinated Functional Registration Agreement, Coordinated Functional Registration Agreement, Coordinated Functional Registration Agreement

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