PJM Market Participation Eligibility Requirements Sample Clauses

PJM Market Participation Eligibility Requirements. PJM may conduct periodic verification to confirm that Applicants and Market Participants can demonstrate that they meet the definition of “appropriate person” to further ensure minimum criteria are in place. Such demonstration will consist of the submission of evidence and an executed Annual Officer Certification form as set forth in Attachment Q, Appendix 1 in a form acceptable to PJM. If an Applicant or Market Participant does not provide sufficient evidence for verification to PJM within five (5) Business Days of written request, then such Applicant or Market Participant may result in a default under this Tariff. Demonstration of “appropriate person” status and support of other certifications on the annual certification is one part of the Minimum Participation Requirements for any PJM Markets and does not obviate the need to meet the other Minimum Participation Requirements such as those for minimum capitalization and risk profile as set forth in this Attachment Q. To be eligible to transact in any PJM Markets, an Applicant or Participant must demonstrate in accordance with the Risk Management and Verification processes set forth below that it qualifies in one of the following ways: 1. an “appropriate person,” as that term is defined under Commodity Exchange Act, section 4(c)(3), or successor provision, or; 2. an “eligible contract participant,” as that term is defined in Commodity Exchange Act, section 1a(18), or successor provision, or; 3. a business entity or person who is in the business of: (1) generating, transmitting, or distributing electric energy, or (2) providing electric energy services that are necessary to support the reliable operation of the transmission system, or;