Common use of Energy Settlement by MISO Clause in Contracts

Energy Settlement by MISO. MISO will conduct the settlement process to reflect the BGS-LFP Supplier’s actual Energy obligations in a supply/usage reconciliation process. The Energy obligations for the BGS-LFP Supplier will be determined based on the BGS-LFP Supplier Responsibility Share. The reconciled total BGS-LFP Energy obligation will be equal to the difference between the reconciled total Energy obligations for the Service Territories reduced by the sum of (i) the wholesale load, (ii) the reconciled total Energy obligations of the Retail Electric Suppliers active in the Service Territories, and (iii) the reconciled total Energy obligations of the suppliers serving BGS-FP Load and BGS-LRTP Load in the Service Territories. Any adjustments for billing and metering errors reported subsequent to the calculation of FPEA will be proportionally allocated by each of the Companies to the BGS-LFP Suppliers.

Appears in 2 contracts

Samples: Supplier Forward Contract, Supplier Forward Contract

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Energy Settlement by MISO. MISO will conduct the settlement process to reflect the BGS-LFP LRTP Supplier’s actual Energy obligations in a supply/usage reconciliation process. The Energy obligations for the BGS-LFP LRTP Supplier will be determined based on the BGS-LFP LRTP Supplier Responsibility Share. The reconciled total BGS-LFP LRTP Energy obligation will be equal to the difference between the reconciled total Energy obligations for the Service Territories reduced by the sum of (i) the wholesale load, (ii) the reconciled total Energy obligations of the Retail Electric Suppliers active in the Service Territories, and (iii) the reconciled total Energy obligations of the suppliers serving BGS-FP Load and BGS-LRTP LFP Load in the Service Territories. Any adjustments for billing and metering errors reported subsequent to the calculation of FPEA FHEA will be proportionally allocated by each of the Companies to the BGS-LFP LRTP Suppliers.

Appears in 2 contracts

Samples: Supplier Forward Contract, Supplier Forward Contract

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