Common use of Description and background Clause in Contracts

Description and background. The elimination of export fees between ISO/RTO regions is an important objective of the FERC. The NYISO and ISO-NE have been working with their TOs and state regulators to accomplish this goal. During mid-2003, the NYISO and the New York transmission owners developed principles for the elimination of export charges from the New York Control Area, subject to reciprocity. The New England transmission owners included similar provisions in the RTO-NE filing with FERC on October 31, 2003. On March 24, 2004, FERC’s Order on RTO-NE was conditioned on the elimination of export fees between New York and New England by the end of 2004. In April 2004, an agreement in principle was achieved among ISO-NE, the NYISO, New York and NE state regulators calling for the elimination of export fees between the regions on or before December 2004.

Appears in 6 contracts

Samples: And Seams Issue Resolution Agreement, And Seams Issue Resolution Agreement, Seams Issue Resolution Agreement

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