Common use of Suspension of NY-NJ PAR Settlement due to a Stuck PAR Clause in Contracts

Suspension of NY-NJ PAR Settlement due to a Stuck PAR. The Parties shall suspend PAR settlements for a NY-NJ PAR when the NY-NJ PAR cannot be adjusted due to physical or SCADA failure and either of the following two conditions occur: 1. The failure is on one of the A, B, C, 3500, or 4500 PARs, the flow on the PAR is below the Target flow for that PAR, or 2. The failure is on one of the E, F or O PARs, the flow on the PAR is above the Target flow for that PAR.

Appears in 14 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement

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