Common use of Emergency Procedure Charges Clause in Contracts

Emergency Procedure Charges. Following an Emergency, the compliance of each Party with the instructions of the Office of the Interconnection shall be evaluated as recommended by the Reliability Committee and directed by the PJM Board. If, based on such evaluation, it is determined that a Party refused to comply with, or otherwise failed to employ its best efforts to comply with, the instructions of the Office of the Interconnection to implement PJM emergency procedures, that Party shall pay an emergency procedure charge as follows: for each megawatt ALM that was not interrupted as directed and for each megawatt of a Capacity Resource that was not made available as directed despite being capable of producing energy at the time, and that is deliverable to the PJM Region in the case of a Capacity Resource located outside of the PJM Region, the Party shall pay 365 times the daily deficiency rate per megawatt set forth in Section A of Schedule 11.