Reliability Must-Run Charge. The ISO shall recover the costs it incurs through payments under each Reliability Must-Run Contracts from the utility that is a party to the TCA in whose Service Area the Reliability Must-Run Generating Unit is located after deducting the amounts received by the Reliability Must-Run Owner from Scheduling Coordinators for Energy and Ancillary Services, as set forth in Appendix H of the Settlement and Billing Protocol. The ISO shall prepare and send to each such utility in accordance with the relevant ISO Protocols an invoice in respect of all such costs incurred under all such contracts relating to that utility’s Service Area. Each such utility shall pay the ISO’s invoices by the Payment Date, in default of which interest shall become payable at the ISO Default Interest Rate.
5.2.7.1 Each utility referred to in Section 5.2.7 shall provide in favor of the ISO one of the following forms of security for an amount to be determined by the ISO and notified to such utility under Section 0.0.0.0:
(a) an irrevocable and unconditional letter of credit confirmed by a bank or financial institution reasonably acceptable to the ISO; or
(b) a cash deposit standing to the credit of an interest bearing escrow account maintained at a bank or financial institution designated by the ISO. Letters of credit and escrow agreements shall be in such form as the ISO may reasonably require from time to time by notice to the utilities referred to in Section 5.2.7.
5.2.7.2 The security provided pursuant to Section 5.2.7.1 by the utility that is a party to the TCA in whose Service Area the Reliability Must-Run Generating Unit is located is intended to cover that utility's outstanding liability for all payments it is liable to make to the ISO under Section 5.2.7 including monthly payments, any reimbursement for capital improvements, exit fees and any other payments to which the ISO is liable under the Reliability Must Run Contracts. The amount of such security in any month shall be equal to two times the highest monthly payment invoiced by the ISO in the previous quarter. In any month for which all relevant data is not yet available, the ISO will calculate the amount of security required on the basis of a reasonable estimate of its requirements for Reliability Must Run Generation.
Reliability Must-Run Charge. The CAISO shall prepare and send to each Responsible Utility in accordance with Appendix N, Part J an ISO Invoice as provided in the RMR Contract in respect toof those costs incurred under each Reliability Must-Run Contract that are payable to the CAISO by such Responsible Utility or payable by the CAISO to such Responsible Utility pursuant to Section 30.6.1.241.7. The ISO Invoices as provided in the RMR Contract shall reflect all reductions or credits required or allowed under or arising from the Reliability Must-Run Contract or under this Section 30.6.1.141.6. The ISO Invoice as provided in the RMR Contract shall separately show the amounts due for services from each RMR Owner. Each Responsible Utility shall pay the amount due under each ISO Invoice as provided in the RMR Contract by the due date specified in the ISO Invoice as provided provided in the Reliability Must-Run Contract from the due date until the date on which the amount is paid in full. For each Reliability Must-Run Contract, the CAISO shall establish two, segregated commercial bank accounts under the "Facility Trust Account" referred to in Appendix N, Part J and Article 9 of the Reliability Must-Run Contract. One commercial bank account, the "RMR Owner Facility Trust Account," shall be held in trust by the CAISO for the RMR Owner. The other commercial bank account, the "Responsible Utility Facility Trust Account," shall be held in trust by the CAISO for the Responsible Utility. Payments received by the CAISO from the Responsible Utility in connection with the Reliability Must-Run Contract, including payments following termination of the Reliability Must-Run Contract, will be deposited into the RMR Owner Facility Trust Account and payments from the CAISO to the RMR Owner will be withdrawn from such account, in accordance with this Section 30.6.1.141.6. Article 9 of the Reliability Must-Run Contract and Appendix N, Part J. Any payments received by the CAISO from the RMR Owner in connection with the Reliability Must-Run Contract will be deposited into the Responsible Utility Facility Trust Account. Any payments due to the Responsible Utility of funds received from the RMR Owner in connection with the Reliability Must-Run Contract will be withdrawn from the Responsible Utility Facility Trust Account, in accordance with this Section 41.630.6.1.1, Appendix N, Part J and Article 9 of the Reliability Must-run Contract. Neither the RMR Owner Facility Trust Account nor the Responsible Utility Trust ...
Reliability Must-Run Charge. The ISO shall prepare and send to each Responsible Utility in accordance with Annex 1 to the ISO's Settlement and Billing Protocol a Responsible Utility invoice in respect to those costs incurred under each Reliability Must- Run Contract that are payable to the ISO by such Responsible Utility pursuant to Section
Reliability Must-Run Charge. The ISO shall recover the costs it incurs through payments under each Reliability Must-Run Contracts from the utility that is a party to the TCA in whose Service Area the Reliability Must-Run Generating Unit is located
5.2.7.1 Each utility referred to in Section 5.2.7 shall provide in favor of the ISO one of the following forms of security for an amount to be determined by the ISO and notified to such utility under Section 0.0.0.0:
(a) an irrevocable and unconditional letter of credit confirmed by a bank or financial institution reasonably acceptable to the ISO; or
(b) a cash deposit standing to the credit of an interest bearing escrow account maintained at a bank or financial institution designated by the ISO. Letters of credit and escrow agreements shall be in such form as the ISO may reasonably require from time to time by notice to the utilities referred to in Section 5.2.7.
5.2.7.2 The security provided pursuant to Section 5.2.7.1 by the utility that is a party to the TCA in whose Service Area the Reliability Must-Run Generating Unit is located is intended to cover that utility's outstanding liability for all payments it is liable to make to the ISO under Section 5.2.7 including monthly payments, any reimbursement for capital improvements, exit fees and any other payments to which the ISO is liable under the Reliability Must Run Contracts. The amount of such security in any month shall be equal to two times the highest monthly payment invoiced by the ISO in the previous quarter. In any month for which all relevant data is not yet available, the ISO will calculate the amount of security required on the basis of a reasonable estimate of its requirements for Reliability Must Run Generation.
