Powerex Roles and Responsibilities Sample Clauses

Powerex Roles and Responsibilities. ‌ Powerex is a wholly-owned subsidiary of BC Hydro, and therefore, a wholly separate legal entity from BC Hydro. It is an energy marketing and trading company that operates primarily in the western United States and Alberta.10 Its activities are focused in three different areas: wholesale electricity, wholesale natural gas, and related environmental products. It operates in highly competitive markets where prices are determined by the interaction of numerous buyers and sellers. It aims to maximize its annual net income. Powerex was established in 1988, to take advantage of wholesale electricity trade opportunities, for the benefit of British Columbia and BC Hydro ratepayers. Since that time, it has had an exclusive relationship with BC Hydro under which it purchases surplus BC Hydro electricity for export, sells to BC Hydro electricity for import to meet Domestic Requirements, and purchases and sells electricity with BC Hydro to utilize any Residual System Capability. Powerex independently acquires electricity at a variety of locations, from third-parties, for import into the BC Hydro system, and independently sells electricity that has been exported from the BC Hydro system at a variety of locations, to third-parties. It has full flexibility, vis-à-vis BC Hydro, to decide the locations, parties and prices for its transactions.11 10 Powerex also purchases electricity from FortisBC under the Capacity and Energy Purchase and Sale Agreement (CEPSA) and, from time to time, purchases wholesale electricity that is not contracted to BC Hydro, from Independent Power Producers in British Columbia. Powerex is also engaged in wholesale natural gas trading within British Columbia and participates in certain environmental markets within British Columbia. For more information on the CEPSA, refer to footnote 49.
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Related to Powerex Roles and Responsibilities

  • Roles and Responsibilities 1. The Donor States shall make funds available in support of eligible programmes proposed by the Beneficiary State and agreed on by the Financial Mechanism Committee within the priority sectors listed in Article 3.1 of Protocol 38c and the programme areas listed in the Annex to Protocol 38c. The Donor States and the Beneficiary State shall cooperate on the preparation of concept notes defining the scope and planned results for each programme.

  • SERVICES AND RESPONSIBILITIES 2.1 Contractor hereby agrees to perform the services described and for the fee set forth in the Scope of Work. The Contractor shall be solely responsible for the satisfactory and complete execution of the Scope Work. The Contractor shall provide and pay for all labor, materials, equipment, tools, construction equipment and machinery, water, utilities, transportation and other facilities and services necessary for the proper execution and completion of the Scope of Work. The Scope of Work shall generally be performed at the direction of the NMCRA and completed and completed within that certain number of days from the issuance of a Work Order by the NMCRA to the Contractor (the “Term”). Time is of the essence in the performance of all obligations within the Term. Final Completion of the Scope of Work shall be completed prior to the expiration of the Term and the failure of the Contractor to do so shall be a material default under this Agreement. “

  • Roles and Responsibilities of the Parties The AEDC and the URA each agree to assume and undertake their respective roles and responsibilities relating to the Project as set forth below:

  • Rights and Responsibilities This Agreement is our standard service agreement. Under this Agreement, we agree to provide and xxxx for Service, and you agree to use and pay for Service, as provided herein and in our other applicable Terms of Service. Our rights and responsibilities, and your rights and responsibilities, are as set forth in this Agreement and our other applicable Terms of Service.

  • ROLES AND RESPONSIBILITIES OF EACH PARTY Role of the Commonwealth

  • TEACHER RIGHTS AND RESPONSIBILITIES A. Teachers shall have freedom in the implementation of the adopted curriculum, including the right to select materials and engage in classroom discussions as they relate to the subject matter being taught and the level of the student. The administrator has the right and obligation to question, consult, and direct whenever necessary.

  • Roles & Responsibilities During the MOU Period, the Parties will work together to develop the final scope of the CCA project. The Parties are entering into this MOU in good faith and final project approval is contingent on satisfactory completion of the milestones outlined in Appendix A. CCAG is solely responsible for all costs throughout the approval process. As applicable, CCAG shall maintain adequate insurance coverages for any work conducted on the property ("Property”) depicted in Appendix B during the MOU Period.

  • MANAGEMENT RIGHTS AND RESPONSIBILITIES The Employer through its designated management personnel or agents has the right and responsibility, except as expressly modified by this Agreement, to control, change, and supervise all operations and to direct and assign work to all working forces. Such rights and responsibilities shall include by way of illustration but shall not be limited to: the selection and hiring, training, discipline and discharge, classification, reclassification, layoff, promotion and demotion or transfer of employees; the establishment of work schedules; the allocation of all financial and other resources; the control and regulation of the use of all equipment and other property of the Employer. The Employer shall determine the methods, technological means and qualifications of personnel by and for which operations are to be carried out. The Employer shall take whatever action as may be necessary to carry out its rights in any emergency situation. Application of this Article shall not preclude the use of the grievance procedure as established in this Agreement.

  • Shared Responsibilities 2.2.1 The parties will respect and value the diversity of the workplace by helping to prevent and eliminate unlawful discrimination, harassment and bullying. The parties will observe established procedures and consultative processes to help achieve this objective.

  • Obligations and Responsibilities 3.1 General obligations and role of the beneficiaries (including the coordinator). The beneficiaries:

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