Common use of NY-NJ PARs Settlements Clause in Contracts

NY-NJ PARs Settlements. Compute the real-time NY-NJ PARs settlement for each interval as specified below. When , When , Where: Measured real-time actual flow on each of the NY-NJ PARs for interval i. For purposes of this equation, a positive value indicates a flow from PJM to the NYISO; Calculated Target Value for the flow on each NY-NJ PAR as described in Section 7.2.1 above for interval i. For purposes of this equation, a positive value indicates a flow from PJM to the NYISO; PJM Impact, defined as the impact that the current NY-NJ PAR flow relative to target flow is having on PJM’s system congestion for interval i. For purposes of this equation, a positive value indicates that the PAR flow relative to target flow is reducing PJM’s system congestion, whereas a negative value indicates that the PAR flow relative to target flow is increasing PJM’s system congestion. NYISO Impact, defined as the impact that the current NY-NJ PAR flow relative to target flow is having on NYISO’s system congestion for interval i. For purposes of this equation, a positive value indicates that the PAR flow relative to target flow is reducing NYISO’s system congestion, whereas a negative value indicates that the PAR flow relative to the target flow is increasing NYISO’s system congestion system. Cost of congestion at each NY-NJ PAR for PJM, calculated in accordance with Section 7.2.2 above for interval i; Cost of congestion at each NY-NJ PAR for NYISO, calculated in accordance with Section 7.2.2 above for interval i, and M2M PAR Settlement across all NY-NJ PARs, defined as a payment from NYISO to PJM when the value is positive, and a payment from PJM to NYISO when the value is negative for interval i. number of seconds in interval i.