Background and Summary of Xxxxxxx and Restated PPA Sample Clauses

Background and Summary of Xxxxxxx and Restated PPA. The Original PPA resulted from bilateral negotiations that commenced during the pendency of PG&E’s 2006 RPS Solicitation. The agreement was submitted for approval to the Commission in October 2007 in Advice Letter 3143-E and approved by the Commission in Resolution E-4161. In the spring of 2014, PG&E and Xxxxxx XX initiated bilateral negotiations to amend the Original PPA to address market structure changes due to the CAISO’s implementation of the Federal Energy Regulatory Commission’s (“FERC”) Order 764. Following negotiations, the parties agreed to amend and, for purposes of clarity, to restate the agreement. The resulting Amended and Restated PPA, executed on January 9, 2018 and attached as Confidential Appendix D, ensures the Project’s ability to participate in the evolving CAISO market, in large part by PG&E becoming the Scheduling Coordinator (“SC”) in return for increased operational flexibility through curtailment rights and other terms benefitting PG&E’s customers. The specific terms and conditions of the Amended and Restated PPA are described in detail in Confidential Appendices A and C. Confidential Appendix E provides a comparison of the Amended and Restated PPA against the Original PPA, and Confidential Appendix F provides a comparison of the Amended and Restated PPA against PG&E’s 2014 RPS Form PPA.
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