Common use of Purchase of Electric Supply Service Clause in Contracts

Purchase of Electric Supply Service. SEP is certified by the Public Utilities Commission of Ohio (“PUCO”) to offer and supply electric generation services in Ohio. As a Competitive Retail Electric Service (“CRES”) provider, SEP will supply the electric generation to your local Electric Distribution Utility (“EDU”), based on your usage. Your EDU then distributes or delivers the electricity to you. SEP sets the generation prices and charges that you pay. The PUCO regulates distribution prices and services. The Federal Energy Regulatory Commission (“FERC”) regulates transmission prices and services. SEP will deliver and sell, and you will buy your Service in accordance with the EDU’s electric delivery service program during the time this Agreement is in effect. SEP will purchase Ohio Certified or National Wind renewable energy certificates (“RECs”), as applicable, in an amount as required to satisfy its REC purchase obligation. SEP reserves the right to revoke its Services offer at any time prior to your acceptance of this Agreement.