RamapoNY-NJ PAR Target Values Sample Clauses

RamapoNY-NJ PAR Target Values. A Target Value for flow between the NYISO and PJM shall be determined for each Ramapo PAR (the 3500NY-NJ PAR and the 4500 PAR) (“TargetRamapo”). These Target Values shall be determined by a formula based on the net interchange schedule between the Parties plus the deviation of actual flows and desired flows across the ABC and JK interfaces and. These Target Values shall be used for settlement purposes as: 𝑇𝑎𝑟𝑔𝑒𝑡𝑅𝑎𝑚𝑎𝑝𝑜 = (𝑅𝑎𝑚𝑎𝑝𝑜𝐼𝑛𝑡𝑒𝑟𝑐ℎ𝑎𝑛𝑔𝑒𝐹𝑎𝑐𝑡𝑜𝑟) + (𝐴𝑐𝑡𝑢𝑎𝑙𝐽𝐾 + 𝑅𝐸𝐶𝑜_𝐿𝑜𝑎𝑑 − 𝐴𝑐𝑡𝑢𝑎𝑙𝐴𝐵𝐶 ) − (𝐴𝑢𝑡𝑜 𝐶𝑜𝑟𝑟𝑒𝑐𝑡𝑖𝑜𝑛 𝐹𝑎𝑐𝑡𝑜𝑟𝐽𝐾 − 𝐴𝑢𝑡𝑜 𝐶𝑜𝑟𝑟𝑒𝑐𝑡𝑖𝑜𝑛 𝐹𝑎𝑐𝑡𝑜𝑟𝐴𝐵𝐶 ) Where: 𝑇𝑎𝑟𝑔𝑒𝑡𝑃𝐴𝑅𝑥 = (𝐼𝑛𝑡𝑒𝑟𝑐ℎ𝑎𝑛𝑔𝑒𝐹𝑎𝑐𝑡𝑜𝑟𝑃𝐴𝑅𝑥 ) + (𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑜𝑛𝑎�� 𝐵𝑎𝑠𝑒 𝐹𝑙𝑜𝑤��𝐴𝑅𝑥 ) + (𝑅𝐸𝐶𝑜_𝐿𝑜��𝑑𝑃𝐴𝑅𝑥) 𝑇𝑎𝑟𝑔𝑒𝑡𝑅𝑎𝑚𝑎𝑝𝑜𝑇𝑎𝑟𝑔𝑒𝑡𝑃𝐴𝑅𝑥 = Calculated Target Value for the flow on each RamapoNY-NJ PAR (PAR3500 and PAR4500); For purposes of this equation, a positive value* indicates a flow from PJM to the NYISO. * The sign conventions apply to the formulas used in this Agreement. The Parties may utilize different sign conventions in their market software so long as the software produces results that are consistent with the rules set forth in this Agreement. 𝑅𝑎𝑚��𝑝𝑜𝐼𝑛𝑡𝑒𝑟𝑐ℎ𝑎𝑛𝑔𝑒𝐹𝑎𝑐𝑡𝑜𝑟 = 61%𝐼𝑛𝑡𝑒𝑟𝑐ℎ𝑎𝑛𝑔𝑒𝐹𝑎𝑐𝑡𝑜𝑟𝑃𝐴𝑅𝑥 = The MW value percentage of the net interchange schedule between PJM and NYISO over the AC tie lines distributed evenly across theeach in-service Ramapo PARs; A positive value indicates flows from PJM to NYISO and a negative value indicates flows from NYISO to PJM.NY-NJ PAR calculated as net interchange schedule times the interchange percentage. The interchange percentage for each NY-NJ PAR is listed in Table 5. If one (but not both) of the Ramapo PARs is out-of-service, the RTOs shall instead use 46% of the net interchange scheduled between PJM and NYISO over the AC tie lines to determine the Ramapo Interchange Factor for the expected or actual duration of the Ramapo PAR outage. While the modified Ramapo Interchange Factor is in effect, 100% of the expected flows shall be distributed to the in-service Ramapo PAR. The RTOs shall undertake best efforts to issue or post a notice that the change is being made at least two days before the change is implemented and to provide at least one day’s notice before returning to the expectation that 61% of net scheduled interchange will flow over the 5018 transmission line...
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