Common use of Energy Settlement by the Company Clause in Contracts

Energy Settlement by the Company. In the event that actual BGS-CIEP Customer consumption data is not available until after the PJM deadline for conducting the final settlement, the Company will conduct the settlement process with the BGS-CIEP Supplier. Should PJM impose penalties against the Company as a result of the BGS-CIEP Supplier’s transactions or failure to meet PJM requirements, such penalties shall be passed through by the Company, to the BGS-CIEP Supplier as part of this settlement process. In addition, all other applicable charges from PJM, including any billing adjustments, will be appropriately allocated to the BGS-CIEP Supplier.

Appears in 10 contracts

Samples: Supplier Master Agreement, Supplier Master Agreement, Supplier Master Agreement

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