Common use of Internal Bilateral Transactions Clause in Contracts

Internal Bilateral Transactions. The transfer of the Contract Quantity of Associated Energy from Seller to T&D shall be implemented through bilateral transactions in the market settlement system administered by ISO-NE. Seller shall submit market transactions to ISO-NE that transfer to T&D the Contract Quantity of Associated Energy, with hourly quantities, delivery point, and other transaction characteristics that replicate the transactions submitted by Seller to ISO-NE. T&D shall be obligated to accept and confirm submitted transactions in accordance with all applicable ISO-NE Market Rules and Manuals. In implementing internal bilateral transactions (“IBT”) the Parties shall comply with the IBT Protocols as specified in ISO-NE Market Rules and Manuals.

Internal Bilateral Transactions. The transfer of the Contract Quantity of Associated Energy from Seller to T&D shall be implemented through bilateral transactions in the market settlement system administered by ISO-NE. Seller shall submit market transactions to ISO-NE that transfer to T&D the Contract Quantity of Associated Energy, with hourly quantities, delivery point, and other transaction characteristics that replicate the transactions submitted by Seller to ISO-NE. T&D Buyer shall be obligated to accept and confirm submitted transactions in accordance with all applicable ISO-NE Market Rules and Manuals. In implementing internal bilateral transactions (“IBT”) the Parties shall comply with the IBT Protocols attached hereto as specified in ISO-NE Market Rules Exhibit B and Manualsincorporated herein by reference.