Informal Review of Identified Transactions. The CAISO may request to meet and confer with the MEEA Entity for any Identified Transaction prior to the issuance of a T+ 912B recalculation settlement statement for the relevant settlement period. If such a request is made by the CAISO, the MEEA Entity shall cooperate and provide additional information to the CAISO as soon as practicable to support why any of the Identified Transactions are valid MEEA Transactions. If the Parties mutually agree, as evidenced by an email or other form of mutual written confirmation with sufficient description to identify the subject transaction, that the MEEA Transaction(s) subject to this Section are invalid, the CAISO shall not apply the MEEA-specific price to the portion of the agreed-upon transaction(s) that is not eligible for the MEEA-specific price for the incremental T+ 7055B settlement statement (i.e., the CAISO shall settle the transaction at the IBAA price). If the Parties are unable to agree that the MEEA Transaction(s) subject to this Section are invalid, the CAISO may conduct an audit, as provided in Section 11.10, or institute Dispute Resolution, as provided in Section 7.1 with respect to the Identified Transactions, however, until resolved, the MEEA-specific price shall apply. If there are MEEA Transactions, or portions of MEEA Transactions, that are reversed to IBAA transactions the Parties will meet and confer as soon as practicable. If there are two (2) or more reversal events per quarter, up to a maximum of four (4) per year after the Effective Date, the Parties shall additionally meet to consider changes to the MEEA Transaction definition. If the Parties are unable to agree within sixty (60) calendar days, then the CAISO shall have the right to terminate this Agreement in accordance with Section 3.2.1, or suspend one or more MEEA Resources IDs.
