Common use of Disputed RESA Statements Clause in Contracts

Disputed RESA Statements. (a) If the Generator disputes a final RESA Statement or any portion thereof, the Party owing any amount set forth in such RESA Statement shall, notwithstanding such dispute, pay the entire amount set forth therein to the other Party (and where the Generator owes the Monthly RESA Payment to the AESO, the AESO shall deduct the entire amount set forth in the final RESA Statement from any amounts payable by the AESO to the Generator in respect of Power Pool financial settlement in accordance with Section 6.5(a) above). The Generator shall provide notice to the AESO setting out the portions of the final RESA Statement that are in dispute with a brief explanation of the dispute. If it is subsequently determined or agreed that an adjustment to such RESA Statement is appropriate, such adjustments will be accounted for as prior period adjustments in the RESA Statements which AESO subsequently issues or makes available to Generator for the Settlement Period during which such determination or agreement was made. (b) If a final RESA Statement dispute has not been resolved between the Parties within ten (10) Business Days after receipt of notice of such dispute by the AESO, the dispute may be submitted by either Party to a Senior Conference pursuant to the terms of Section 19.1. (c) Notwithstanding anything else set forth in this Article 6, Generator acknowledges and agrees that: (i) any and all adjustments or disputes with respect to the amount of Metered Energy set forth in any Power Pool Statement may only be resolved in accordance with the relevant adjustment provisions or dispute resolution processes, as the case may be, set forth in the ISO Rules; and (ii) if the amount of Metered Energy set forth in any Power Pool Statement is adjusted as a result of any such provisions or dispute resolution processes, corresponding adjustments will be made to all payments hereunder which are calculated on the basis of such Metered Energy.

Appears in 2 contracts

Samples: Renewable Electricity Support Agreement, Renewable Electricity Support Agreement

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Disputed RESA Statements. β€Œ (a) If the Generator disputes a final RESA Statement or any portion thereof, the Party owing any amount set forth in such RESA Statement shall, notwithstanding such dispute, pay the entire amount set forth therein to the other Party (and where the Generator owes the Monthly RESA Payment to the AESO, the AESO shall deduct the entire amount set forth in the final RESA Statement from any amounts payable by the AESO to the Generator in respect of Power Pool financial settlement in accordance with Section 6.5(a) above). The Generator shall provide notice to the AESO setting out the portions of the final RESA Statement that are in dispute with a brief explanation of the dispute. If it is subsequently determined or agreed that an adjustment to such RESA Statement is appropriate, such adjustments will be accounted for as prior period adjustments in the RESA Statements which AESO subsequently issues or makes available to Generator for the Settlement Period during which such determination or agreement was made. (b) If a final RESA Statement dispute has not been resolved between the Parties within ten (10) Business Days after receipt of notice of such dispute by the AESO, the dispute may be submitted by either Party to a Senior Conference pursuant to the terms of Section 19.1. (c) Notwithstanding anything else set forth in this Article 6, Generator acknowledges and agrees that: (i) any and all adjustments or disputes with respect to the amount of Metered Energy set forth in any Power Pool Statement may only be resolved in accordance with the relevant adjustment provisions or dispute resolution processes, as the case may be, set forth in the ISO Rules; and (ii) if the amount of Metered Energy set forth in any Power Pool Statement is adjusted as a result of any such provisions or dispute resolution processes, corresponding adjustments will be made to all payments hereunder which are calculated on the basis of such Metered Energy.

Appears in 2 contracts

Samples: Renewable Electricity Support Agreement, Renewable Electricity Support Agreement

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Disputed RESA Statements. β€Œ (a) If the Generator disputes a final RESA Statement or any portion thereof, the Party owing any amount set forth in such RESA Statement shall, notwithstanding such dispute, pay the entire amount set forth therein to the other Party (and where the Generator owes the Monthly RESA Payment to the AESO, the AESO shall deduct the entire amount set forth in the final RESA Statement from any amounts payable by the AESO to the Generator in respect of Power Pool financial settlement in accordance with Section 6.5(a) above). The Generator shall provide notice to the AESO setting out the portions of the final RESA Statement that are in dispute with a brief explanation of the dispute. If it is subsequently determined or agreed that an adjustment to such RESA Statement is appropriate, such adjustments will be accounted for as prior period adjustments in the RESA Statements which AESO subsequently issues or makes available to Generator for the Settlement Period during which such determination or agreement was made. (b) If a final RESA Statement dispute has not been resolved between the Parties within ten (10) Business Days after receipt of notice of such dispute by the AESO, the dispute may be submitted by either Party to a Senior Conference pursuant to the terms of Section 19.1. (c) Notwithstanding anything else set forth in this Article 6, Generator acknowledges and agrees that: (i) any and all adjustments or disputes with respect to the amount of Metered Energy set forth in any Power Pool Statement may only be resolved in accordance with the relevant adjustment provisions provision or dispute resolution processes, as the case may be, set forth in the ISO Rules; and (ii) if the amount of Metered Energy set forth in any Power Pool Statement is adjusted as a result of any such provisions or dispute resolution processes, corresponding adjustments will be made to all payments hereunder which are calculated on the basis of such Metered Energy.

Appears in 1 contract

Samples: Renewable Electricity Support Agreement

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