Common use of Membership Requirements Clause in Contracts

Membership Requirements. (a) To qualify as a Member, an entity shall: i) Be a Transmission Owner within the PJM Control Area or an Eligible Customer under the PJM Tariff; ii) If not a Transmission Owner, be a Generation Owner, an Other Supplier, an Electric Distributor, or an End-Use Consumer; iii) Be engaged in buying, selling or transmitting electric energy in or through the Interconnection or have a good faith intent to do so; and iv) Accept the obligations set forth in this Agreement. (b) Certain Members that are Load Serving Entities are parties to the Reliability Assurance Agreement. Upon becoming a Member, any entity that is a Load Serving Entity and that wishes to become a Market Buyer shall also simultaneously execute the Reliability Assurance Agreement. (c) An entity that wishes to become a party to this Agreement shall apply, in writing, to the President setting forth its request, its qualifications for membership, its agreement to supply data as specified in this Agreement, its agreement to pay all costs and expenses in accordance with Schedule 3, and providing all information specified pursuant to the Schedules to this Agreement for entities that wish to become Market Participants. Any such application that meets all applicable requirements shall be approved by the President within sixty (60) days. (d) Nothing in this Section 11 is intended to remove, in any respect, the choice of participation by other utility companies or organizations in the operation of the Interconnection through inclusion in the System of a Member. (e) An entity whose application is accepted by the President pursuant to Section 11.6(c) shall execute a supplement to this Agreement in substantially the form prescribed in Schedule 4, which supplement shall be countersigned by the President and tendered for filing with FERC by the President. The entity shall become a Member effective on the date specified by FERC when accepting the supplement for filing. (f) Entities whose applications contemplate expansion or rearrangement of the PJM Control Area may become Members promptly as described in Sections 11.6(c) and 11.6(e) above, but the integration of the applicant's system into all of the operation and accounting provisions of this Agreement and the Reliability Assurance Agreement shall occur only after completion of all required installations and modifications of metering, communications, computer programming, and other necessary and appropriate facilities and procedures, as determined by the Office of the Interconnection. The Office of the Interconnection shall notify the other Members when such integration has occurred.

Membership Requirements. (a) To qualify as a Member, an entity shall: i) Be a Transmission Owner within the PJM Control Area or an Eligible Customer under the PJM Tariff; ii) If not a Transmission Owner, be a Generation Owner, an Other Supplier, an Electric Distributor, or an End-Use Consumer; iii) Be engaged in buying, selling or transmitting electric energy in or through the Interconnection or have a good faith intent to do so; and iv) Accept the obligations set forth in this Agreement. (b) Certain Members that are Load Serving Entities are parties to the Reliability Assurance Agreement. Upon becoming a Member, any entity that is a Load Serving Entity and that wishes to become a Market Buyer shall also simultaneously execute the Reliability Assurance AgreementAgreement . (c) An entity that wishes to become a party to this Agreement shall apply, in writing, to the President setting forth its request, its qualifications for membership, its agreement to supply data as specified in this Agreement, its agreement to pay all costs and expenses in accordance with Schedule 3, and providing all information specified pursuant to the Schedules to this Agreement for entities that wish to become Market Participants. Any such application that meets all applicable requirements shall be approved by the President within sixty (60) days. (d) Nothing in this Section 11 is intended to remove, in any respect, the choice of participation by other utility companies or organizations in the operation of the Interconnection through inclusion in the System of a Member. (e) An entity whose application is accepted by the President pursuant to Section 11.6(c) shall execute a supplement to this Agreement in substantially the form prescribed in Schedule 4, which supplement shall be countersigned by the President and tendered for filing with FERC by the President. The entity shall become a Member effective on the date specified by FERC when accepting the supplement for filing. (f) Entities whose applications contemplate expansion or rearrangement of the PJM Control Area may become Members promptly as described in Sections 11.6(c) and 11.6(e) above, but the integration of the applicant's system into all of the operation and accounting provisions of this Agreement and the Reliability Assurance Agreement shall occur only after completion of all required installations and modifications of metering, communications, computer programming, and other necessary and appropriate facilities and procedures, as determined by the Office of the Interconnection. The Office of the Interconnection shall notify the other Members when such integration has occurred.

Membership Requirements. (a) To qualify as a Member, an entity shall: i) Be a Transmission Owner within the PJM Control Area or an Eligible Customer under the PJM Tariff; ii) If not a Transmission Owner, be a Generation Owner, an Other Supplier, an Electric Distributor, or an End-Use Consumer; iii) Be engaged in buying, selling or transmitting electric energy in or through the Interconnection or have a good faith intent to do soCustomer; and ivii) Accept the obligations set forth in this Agreement. (b) Certain Members that are Load Serving Entities are parties to the Reliability Assurance Agreement. Upon becoming a Member, any entity that is a Load Serving Entity in the PJM Region and that wishes to become a Market Buyer shall also simultaneously execute the Reliability Assurance Agreement. (c) An entity that wishes to become a party to this Agreement shall apply, in writing, to the President setting forth its request, its qualifications for membership, its agreement to supply data as specified in this Agreement, its agreement to pay all costs and expenses in accordance with Operating Agreement, Schedule 3, and providing all information specified pursuant to the Schedules to this Agreement for entities that wish to become Market Participants. Any such application that meets all applicable requirements shall be approved by the President within sixty (60) days. (d) Nothing in this Section Operating Agreement, sSection 11 is intended to remove, in any respect, the choice of participation by other utility companies or organizations in the operation of the Interconnection PJM Region through inclusion in the System of a Member. (e) An entity whose application is accepted by the President pursuant to Section sSection 11.6(c) above shall execute a supplement to this Agreement in substantially the form prescribed in Operating Agreement, Schedule 4, which supplement shall be countersigned by the President and tendered for filing with FERC by the President. The entity shall become a Member effective on the date specified by FERC when accepting the supplement for filingis countersigned by the President. (f) Entities whose applications contemplate expansion or rearrangement of the PJM Control Area Region may become Members promptly as described in Sections sSections 11.6(c) and 11.6(e) above, but the integration of the applicant's system into all of the operation and accounting provisions of this Agreement and the Reliability Assurance Agreement Agreement, shall occur only after completion of all required installations and modifications of metering, communications, computer programming, and other necessary and appropriate facilities and procedures, as determined by the Office of the Interconnection. The Office of the Interconnection shall notify the other Members when such integration has occurred. (g) Entities that become Members will be listed in Operating Agreement, Schedule 12 of this Agreement. (h) In accordance with this Agreement, Members agree that PJMSettlement shall be the Counterparty with respect to certain transactions under the PJM Tariff and this Agreement.

Membership Requirements. (a) To qualify as a Member, an entity Applicant shall: (i) Be a Transmission Owner within the PJM Control Area or an Eligible Customer under the PJM Tariff; ii) If not a Transmission Owner, be a Generation Owner, an Other Supplier, an Electric Distributor, or an End-Use ConsumerCustomer; iii) Be engaged in buying, selling or transmitting electric energy in or through the Interconnection or have a good faith intent to do so; and iv(ii) Accept the obligations set forth in this Agreement; and (iii) Cure any default, including but not limited to paying all outstanding and unpaid obligations due to PJM and/or PJMSettlement by any former Member that is an Affiliate of the Applicant or, if any, as required by PJM and/or PJMSettlement based on its evaluation of the membership application; and (iv) Cure any default, including but not limited to paying all outstanding and unpaid obligations due to PJM and/or PJMSettlement by any former Member, and for which shares at least one Principal with the Applicant should be treated as the same Member that experienced the outstanding default, pursuant to the factors identified in Operating Agreement, Schedule 1, section 1.4.8, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.4.8, if any, as required by PJM and/or PJMSettlement based on its evaluation of the membership application. (b) Certain Members that are Load Serving Entities are parties to the Reliability Assurance Agreement. Upon becoming a Member, any entity Applicant that is a Load Serving Entity in the PJM Region and that wishes to become a Market Buyer shall also simultaneously execute the Reliability Assurance Agreement. (c) An entity Applicant that wishes to become a PJM Member and party to this Agreement shall apply, in writing, to the President of PJM setting forth its request, its qualifications for membership, its agreement to supply data and information as specified in this AgreementAgreement and any additional data or information reasonably requested by PJM and/or PJMSettlement, its agreement to pay all costs and expenses in accordance with Operating Agreement, Schedule 3, and providing all additional information specified pursuant to the Schedules to this Agreement Agreements for entities that wish to become Market Participants. Any such Among other things, PJM will evaluate the application to determine whether the entity seeking to become a Member (i) is qualified for membership, (ii) satisfies the requirements for participation in one of the sectors in accordance with Operating Agreement, section 8.1, and/or (iii) presents any unreasonable, inherent or material risks to PJM, including but not limited to unreasonable credit risk pursuant to Tariff, Attachment Q that meets all cannot be cured by posting Collateral or credit support commensurate with the risk of the anticipated market activity of the Applicant to the PJM Markets and PJM Members. Such review shall include an examination of whether the Applicant is affiliated with, or has any Principal or key personnel in common with,should be treated as a former Member that defaulted on any obligation owed to PJM and/or PJMSettlementexperienced an outstanding default in PJM, including but not limited to the interconnectedness of the business relatinoships, overlap in relevant personnel, similarity of business activities, overlap of customer base, and the business engaged in prior to the attempted re-entry, and other relevant factors. PJM and PJMSettlement will review applications to determine whether they satisfy applicable requirements requirements. The determination whether an application for membership is approved shall be made within a reasonable period of timeninety (90) days after receipt of all documentation and information required by the Agreements and/or requested by PJM and/or PJMSettlement in the consideration of the application for membership. If an application for membership is not approved by the President within sixty (60) daysof PJM, the Applicant will be provided a written notice explaining the basis for non- approval. An Applicant may appeal the non-approval of its application for membership to the Federal Energy Regulatory Commission. (d) Nothing in this Section thisOperating Agreement, section 11 is intended to remove, in any respect, the choice of participation by other utility companies or organizations in the operation of the Interconnection PJM Region through inclusion in the System of a Member. (e) An entity Applicant whose application is accepted by the President of PJM pursuant to Section section 11.6(c) above shall execute a supplement to this Agreement in substantially the form prescribed in Operating Agreement, Schedule 4, which supplement shall be countersigned by the President and tendered for filing with FERC by of PJM or the President’s authorized designee. The entity Applicant shall become a Member effective on the date specified by FERC when accepting the supplement for filingis countersigned by the President of PJM or the President’s authorized designee. (f) Entities Applicants whose applications contemplate expansion or rearrangement of the PJM Control Area Region may become Members promptly as described in Sections sections 11.6(c) and 11.6(e) above, but the integration of the applicantApplicant's system into all of the operation and accounting provisions of this Agreement and the Reliability Assurance Agreement Agreements, shall occur only after completion of all required installations and modifications of metering, communications, computer programming, and other necessary and appropriate facilities and procedures, as determined by the Office of the Interconnection. The Office of the Interconnection shall notify the other Members when such integration has occurred. (g) Applicants that become Members will be listed in Operating Agreement, Schedule 12. (h) In accordance with this Agreement, Members agree that PJMSettlement shall be the Counterparty with respect to certain transactions under the PJM Tariff and this Agreement.

Membership Requirements. (a) To qualify as a Member, an entity shall: i) Be a Transmission Owner within the PJM Control Area or an Eligible Customer under the PJM Tariff; ii) If not a Transmission Owner, be a Generation Owner, an Other Supplier, an Electric Distributor, or an End-Use Consumer; iii) Be engaged in buying, selling or transmitting electric energy in or through the Interconnection or have a good faith intent to do soCustomer; and ivii) Accept the obligations set forth in this Agreement. (b) Certain Members that are Load Serving Entities are parties to the Reliability Assurance Agreement. Upon becoming a Member, any entity that is a Load Serving Entity and that wishes to become a Market Buyer shall also simultaneously execute the Reliability Assurance Agreement. (c) An entity that wishes to become a party to this Agreement shall apply, in writing, to the President setting forth its request, its qualifications for membership, its agreement to supply data as specified in this Agreement, its agreement to pay all costs and expenses in accordance with Schedule 3, and providing all information specified pursuant to the Schedules to this Agreement for entities that wish to become Market Participants. Any such application that meets all applicable requirements shall be approved by the President within sixty (60) days. (d) Nothing in this Section 11 is intended to remove, in any respect, the choice of participation by other utility companies or organizations in the operation of the Interconnection through inclusion in the System of a Member. (e) An entity whose application is accepted by the President pursuant to Section 11.6(c) shall execute a supplement to this Agreement in substantially the form prescribed in Schedule 4, which supplement shall be countersigned by the President and tendered for filing with FERC by the President. The entity shall become a Member effective on the date specified by FERC when accepting the supplement for filing. (f) Entities whose applications contemplate expansion or rearrangement of the PJM Control Area may become Members promptly as described in Sections 11.6(c) and 11.6(e) above, but the integration of the applicant's system into all of the operation and accounting provisions of this Agreement and the Reliability Assurance Agreement shall occur only after completion of all required installations and modifications of metering, communications, computer programming, and other necessary and appropriate facilities and procedures, as determined by the Office of the Interconnection. The Office of the Interconnection shall notify the other Members when such integration has occurred. (g) In accordance with the MAAC Agreement, a Member shall be a member of MAAC.