Common use of Assumptions and Prerequisites Clause in Contracts

Assumptions and Prerequisites. The process for developing and approving Standards is generally based on the procedures of the American National Standards Institute (ANSI) and other standards-setting organizations in the United States and Canada. The Regional Standards development process has the following characteristics: • Due process – Any person representing an organization with a direct and material interest has a right to participate by: a) Expressing an opinion and its basis, b) Having that position considered, and c) Appealing any negative decision • Openness – Participation is open to all organizations that are directly and materially affected by ERCOT region's BPS reliability. There shall be no undue financial barriers to participation. Participation shall not be conditioned upon membership in Texas RE, and shall not be unreasonably restricted on the basis of technical qualifications or other such requirements. Meetings of SDTs are open to all interested parties. All proposed SARs and Regional Standards are posted for comment on the Texas RE Website. • Balance – The Texas RE Standards Development Process strives to have an appropriate balance of interests and shall not be dominated by any single interest category.

Assumptions and Prerequisites. The process for developing and approving Standards is generally based on the procedures of the American National Standards Institute (ANSI) and other standards-setting organizations in the United States and Canada. The Regional Standards development process has the following characteristics: • Due process – Any person representing an organization with a direct and material interest has a right to participate by: a) Expressing an opinion and its basis, b) Having that position considered, and c) Appealing any negative decision • Openness – Participation is open to all organizations that are directly and materially affected by ERCOT regionERCOT's BPS reliability. There shall be no undue financial barriers to participation. Participation shall not be conditioned upon membership in Texas REERCOT, and shall not be unreasonably restricted on the basis of technical qualifications or other such requirements. Meetings of SDTs are open to ERCOT’s Membership and to others and all interested parties. All proposed SARs and Regional Standards are posted for comment on the Texas RE Website. • Balance – The Texas RE Standards Development Process strives to have an appropriate balance of interests and shall not be dominated by any single interest category.