Common use of Calculating a Combined M2M Settlement Clause in Contracts

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement for each interval Where: M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. Where: M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: Where: M2M settlement for hour h; and n = Number of intervals in hour h. Section 10.1 of this Schedule D sets forth circumstances under which the M2M coordination process and M2M settlements may be temporarily suspended.

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement for each interval Where: M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. Where: M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: Where: M2M settlement for hour h; and n = Number of intervals in hour h. Section 10.1 of this Schedule D sets forth circumstances under which the M2M coordination process and M2M settlements may be temporarily suspended.

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement the Ramapo PARs settlement for each interval Where: M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. Where: M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARsPJM Ramapo PARs settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; and NYISO Ramapo PARs settlement, defined as a payment from PJM to the NYISO when the value is negative and a payment from the NYISO to PJM when the value is positive for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: Where: M2M settlement for hour h; and n = Number of intervals in hour h. Section 10.1 of this M2M Schedule D sets forth circumstances under which the M2M coordination process and M2M settlements may be temporarily suspended.

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement the Ramapo PARs settlement for each interval 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 𝑎𝑙𝑙 𝑁F 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒𝑠 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚 = (� (𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 − 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖)) 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 = (� (𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 − 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖)) Where: 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 = Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 = Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. 𝑀2𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 − 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 + 𝑁𝑌𝑅𝑎𝑚𝑎𝑝𝑜𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖 + 𝑃𝐽𝑀𝑅𝑎𝑚𝑎𝑝𝑜𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖 Where: 𝑀2𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARs𝑃𝐽𝑀𝑅𝑎𝑚𝑎𝑝𝑜𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖 = PJM Ramapo PARs settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; and 𝑁𝑌𝑅𝑎𝑚𝑎𝑝𝑜𝑃𝑎𝑦𝑚𝑒𝑛𝑡 𝑖 = NYISO Ramapo PARs settlement, defined as a payment from PJM to the NYISO when the value is negative and a payment from the NYISO to PJM when the value is positive for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡ℎ = � 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 Where: 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡ℎ = M2M settlement for hour h; and n = Number of intervals in hour h. Section 10.1 of this M2M Schedule D sets forth circumstances under which the M2M coordination process and M2M settlements may be temporarily suspended.

Calculating a Combined M2M Settlement. The M2M settlement for each M2M Flowgate shall be the sum of the real-time redispatch settlement and Ramapo PARs settlement If NYISO is the Monitoring RTO for each the M2M Flowgate and M2MPARSettlement for each interval WhereFlowgate: M2M NYISO SettlenentM2M FSowgate ni = ( MonRTO PaynentM2M FSowgate ni — Non MonRTO PaynentM2M FSowgate ni + NYPaynent M2M FSowgate ni )× si/3600sec If PJM is the Monitoring RTO for the M2M Flowgate: M2M SettlenentM2M FSowgate ni = ( MonRTO PaynentM2M FSowgate ni — Non MonRTO PaynentM2M FSowgate ni + PJMPaynent M2M FSowgate ni Where: )× si/3600sec M2M SettlenentM2M FSowgate ni = M2M settlement, defined as a payment from PJM the Non-Monitoring RTO to NYISO when the value is positiveMonitoring RTO, and a payment from the NYISO to PJM when the value is negative for interval i; and Non MonRTO PaynentM2M FSowgate ni = Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative Flowgate m for interval i; MonRTO PaynentM2M FSowgate ni = Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and Non-Monitoring RTO PJMPaynent M2M FSowgate ni = Ramapo PARs settlement, in the form of a payment to Monitoring RTO PJM from NYISO, for congestion on M2M Redispatch Flowgate m for interval i. Where: i; NYPaynent M2M FSowgate ni = Ramapo PARs settlement, defined as in the form of a payment to NYISO from the NYISO to PJM when the value is positivePJM, and a payment from PJM to the NYISO when the value is negative for M2M Flowgate m for interval i; M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for andsi = number of seconds in interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: M2M_Settlenenth aSS n = Σ Σ M2M_SettlenentM2M FSowgate ni M2M FSowgate n i=1 Where: M2M_Settlenenth = M2M settlement for hour h; and n = Number of intervals in hour h. Section 10.1 of this M2M Schedule D sets forth circumstances under which the M2M coordination process and M2M settlements may be temporarily suspended.

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement for each interval 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 𝑎𝑙𝑙 𝑁F 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒𝑠 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚 = (� (𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 − 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖)) 𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 = (� (𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 − 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖)) Where: 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 = Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝐹𝑙𝑜𝑤𝑔𝑎𝑡𝑒 𝑚𝑖 = Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. 𝑀2𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 − 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 + 𝑀2𝑀𝑃𝐴𝑅𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑖 Where: 𝑀2𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; 𝑀2𝑀𝑃𝐴𝑅𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: Where: 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡ℎ = � 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡ℎ = M2M settlement for hour h; and n = Number of intervals in hour h. Section 10.1 of this Schedule D sets forth circumstances under which the M2M coordination process and M2M settlements may be temporarily suspended.

Calculating a Combined M2M Settlement. The M2M settlement shall be the sum of the real-time redispatch settlement for each M2M Flowgate and M2MPARSettlement for each interval 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 𝑎𝑙𝑙 𝑁F 𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒𝑠 𝑀2𝑀 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚 (𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚𝑖 − 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚𝑖)) 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 = 𝑎𝑙𝑙 𝑃𝐽𝑀 𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒𝑠 (� 𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚 (𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚𝑖 − 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚𝑖)) Where: 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; 𝑁𝑜𝑛 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚𝑖 = Monitoring RTO payment to Non-Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i; and 𝑀𝑜𝑛𝑅𝑇𝑂 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑀2𝑀 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝐹𝑙𝑜𝐹𝐹𝐹𝐹𝑎𝑡𝑒 𝑚𝑖 = Non-Monitoring RTO payment to Monitoring RTO for congestion on M2M Redispatch Flowgate m for interval i. 𝑀2𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 − 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 + 𝑀2𝑀𝑃𝐴𝑅𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡 𝑖 Where: 𝑀2𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑁𝑌 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M NYISO settlement, defined as a payment from PJM to NYISO when the value is positive, and a payment from the NYISO to PJM when the value is negative for interval i; 𝑅𝑒𝑑𝑖𝑠𝑝𝑎𝑡𝑐ℎ 𝑃𝐽𝑀 𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PJM settlement, defined as a payment from NYISO to PJM when the value is positive, and a payment from the PJM to NYISO when the value is negative for interval i; 𝑀2𝑀𝑃𝐴𝑅𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 = M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for interval i. For the purpose of settlements calculations, each interval will be calculated separately and then integrated to an hourly value: 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡ℎ = � 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡𝑖 Where: 𝑀2𝑀_𝑆𝑒𝑡𝑡𝑙𝑒𝑚𝑒𝑛𝑡ℎ = M2M settlement for hour h; and n = Number of intervals in hour h. Section 10.1 of this Schedule D sets forth circumstances under which the M2M coordination process and M2M settlements may be temporarily suspended.