Common use of Nature of Charges Clause in Contracts

Nature of Charges. Upon the advice and recommendations of the Members Committee, the PJM Board shall, subject to any Required Approvals, approve certain charges to be imposed on a Party for its failure to satisfy its obligations under this Agreement. Such charges are set forth in Schedules 11 and 12. Issued By: Xxxxx Xxxxxx Effective: May 1, 2004 Vice President, Governmental Policy Issued On: December 31, 2003 PJM Interconnection, L.L.C. First Revised Sheet No. 16A First Revised Rate Schedule FERC No. 32 Superseding Original Sheet No. 16A

Appears in 6 contracts

Samples: Reliability Assurance Agreement (Indiana Michigan Power Co), Reliability Assurance Agreement (American Electric Power Co Inc), Reliability Assurance Agreement (Ohio Power Co)

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