Definition and Characteristics of Firm Transmission Rights Sample Clauses

Definition and Characteristics of Firm Transmission Rights. 9.2.1 Each FTR shall be a contractual right, subject to the terms and conditions of the ISO Tariff, that entitles the FTR Holder to receive, for each hour of the term of the FTR, a portion of the Usage Charges received by the ISO for transportation of energy from a specific originating Zone to a specific receiving Zone. In the event of an uneconomic curtailment to manage Day-Ahead congestion, an FTR entitles its holder to a Day- Ahead scheduling priority higher than that of a schedule using Converted Rights capacity that does not have an FTR.
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