Common use of Interpretations of Standards Clause in Contracts

Interpretations of Standards. All persons who are directly and materially affected by the reliability of ReliabilityFirst BPS shall be permitted to request an interpretation of the standard. The person requesting an interpretation will send a request to the SPM explaining the specific circumstances surrounding the request and what clarifications are required as applied to those circumstances. The request should indicate the material impact to the requesting party or others caused by the lack of clarity or a possibly incorrect interpretation of the standard. The SPM, along with guidance from the SC, will assemble a team with the relevant expertise to address the request. The Interpretation Drafting Team (IDT) typically consists of members from the original SDT. The SPM submits the proposed list of names of the IDT to the SC. The SC will either accept the recommendations of the SPM or modify the IDT slate. As soon as practical (not more than 45 days), the team will draft a written interpretation to the standard addressing the issues raised. Once the IDT has completed a draft interpretation to the Standard addressing only the issues raised, the team will forward the draft interpretation to the SPM. The SPM will forward the draft interpretation to the Interim Compliance Committee (ICC).The ICC is to assess if the inclusion of the interpretation lessens the measurability of the Standard. In addition, the SPM will forward the interpretation to the Reliability Committee (RC). Barring receipt of an opinion from either the ICC or RC within 21 calendar days, that the interpretation sufficiently lessens measurability or is not technically appropriate for the Standard, respectively, the SPM will forward the interpretation to the SC. The SC will determine if the interpretation is consistent with the Standard. The SC will forward the interpretation to the ReliabilityFirst Board for informational purposes as being appended to the approved Standard. Note: In the event that the ICC determines that measurability is lessened, the ICC shall provide an explanation of its reasoning to the SPM and IDT for inclusion in a subsequent revision. The RC shall in a similar manner provide an explanation of its reasoning if it determines that the interpretation makes the standard technically inappropriate. In either case, the IDT and SPM will continue to re-circulate the interpretation as stated above. The interpretation will stand until such time as the standard is revised through the normal process, at which time the standard will be modified to incorporate the clarifications provided by the interpretation.

Interpretations of Standards. All persons who are directly and materially affected by the reliability of ReliabilityFirst BPS shall be permitted to request an interpretation of the standard. The person requesting an interpretation will send a request to the SPM explaining the specific circumstances surrounding the request and what clarifications are required as applied to those circumstances. The request should indicate the material impact to the requesting party or others caused by the lack of clarity or a possibly incorrect interpretation of the standard. The SPM, along with guidance from the SC, will assemble a team with the relevant expertise to address the request. The Interpretation Drafting Team (IDT) typically consists of members from the original SDT. The SPM submits the proposed list of names of the IDT to the SC. The SC will either accept the recommendations of the SPM or modify the IDT slate. As soon as practical (not more than 45 days), the team will prepare an initial draft a written interpretation to of the standard addressing the issues raised. Once the IDT has completed a the initial draft interpretation to the Standard addressing only the issues raisedinterpretation, the team will post the draft for a 30-day xxxxxxxx0 stakeholder comment period. The IDT will review the stakeholder feedback and may make changes before preparing a final draft of the interpretation. The IDT will then forward the draft interpretation to the SPM. The SPM will forward the draft interpretation to 6 An informal comment period does not require the Interim Compliance Committee (ICC).The ICC IDT to respond to every stakeholder comment and is only used to assess if make potential changes for the inclusion final draft of the interpretation lessens the measurability of the Standardinterpretation. In addition, the SPM will forward the interpretation to the Reliability Committee (RC). Barring Xxxxxxx receipt of an opinion from either the ICC or RC within 21 calendar days, that the interpretation sufficiently lessens measurability or is not technically appropriate for the Standard, respectively, the SPM will forward the interpretation to the SC. The SC will determine if the interpretation is consistent with the StandardStandard and does not add additional requirements to the standard. The SC will forward the interpretation to the ReliabilityFirst Board for informational purposes as being appended to the approved Standard. Note: In the event that the ICC RC determines that measurability is lessened, the ICC interpretation makes the standard technically inappropriate the RC shall provide an explanation of its reasoning to the SPM and IDT for inclusion in a subsequent revision. The RC shall in a similar manner provide an explanation of its reasoning if it determines that the interpretation makes the standard technically inappropriate. In either case, the IDT and SPM will continue to re-circulate the interpretation as stated above. The interpretation will stand until such time as the standard is revised through the normal process, at which time the standard will be modified to incorporate the clarifications provided by the interpretation.