Common use of Determination and Reporting of Hourly Loads Clause in Contracts

Determination and Reporting of Hourly Loads. (a) The Buyer will estimate the Delivered Energy for Default Service provided by Seller pursuant to this Agreement based upon average load profiles developed for each of the Buyer’s customer classes, actual metered data, as available, and the Buyer’s actual total hourly load. The Buyer shall report to the ISO and Seller, the estimated Delivered Energy. In accordance with the ISO Rules the Buyer will normally report to the ISO and to Seller, the Seller's estimated Delivered Energy by 1:00 P.M EPT of the second following Business Day after delivery. The Buyer shall have the right but not the obligation, in its sole and exclusive judgment, to modify the Estimation Process from time to time, provided that any such modification is designed with the objective of improving the accuracy of the Estimation Process. Each month, the Buyer shall reconcile the Buyer’s estimate of the Delivered Energy based upon the Buyer’s meter reads (such meter reads as provided for in the Retail Delivery Tariff). The reconciliation, including all losses, shall be the adjusted Delivered Energy. In accordance with the ISO Rules the Buyer will normally notify the ISO of any resulting adjustment (debit or credit) to Seller’s account for the Load Assets (set forth in Section 6.4) no later than the last day of the third month following the billing month.

Determination and Reporting of Hourly Loads. (a) The Buyer will estimate the Delivered Energy for Default Service provided by Seller pursuant to this Agreement based upon average load profiles developed for each of the Buyer’s customer classes, actual metered data, as available, and the Buyer’s actual total hourly load. The Buyer shall report to the ISO and Seller, the estimated Delivered Energy. In accordance with the ISO Rules Rules, the Buyer will normally report to the ISO and to Seller, the Seller's estimated Delivered Energy by 1:00 P.M EPT of the second following Business Day after delivery. The Buyer shall have the right but not the obligation, in its sole and exclusive judgment, to modify the Estimation Process from time to time, provided that any such modification is designed with the objective of improving the accuracy of the Estimation Process. Each month, the Buyer shall reconcile the Buyer’s estimate of the Delivered Energy based upon the Buyer’s meter reads (such meter reads as provided for in the Retail Delivery Tariff). The reconciliation, including all losses, shall be the adjusted Delivered Energy. In accordance with the ISO Rules the Buyer will normally notify the ISO of any resulting adjustment (debit or credit) to Seller’s account for the Load Assets (set forth in Section 6.4) no later than the last day of the third month following the billing month.