Transmission Facility Ratings Sample Clauses

Transmission Facility Ratings. All Parties shall regularly update and verify Transmission Facility ratings, subject to review and approval by PJM, in accordance with the following procedures and the procedures in the PJM Manuals: 4.11.1 Each Party shall verify to the Operations Planning Department (or successor Department) of PJM all of its Transmission Facility ratings two months prior to the beginning of the summer season (i.e., on April 1) and two months prior to the beginning of the winter season (i.e., on October 1) each calendar year, and shall provide detailed data justifying such transmission facility ratings when directed by PJM. 4.11.2 In addition to the seasonal verification of all ratings, each Party shall submit to the Operations Planning Department (or successor Department) of PJM updates to its Transmission Facility ratings as soon as such Party is aware of any changes. Such Party shall provide PJM with detailed data justifying all such Transmission Facility ratings changes. 4.11.3 All Parties shall submit to the Operations Planning Department (or successor Department) of PJM formal documentation of any criteria for changing Transmission Facility ratings under specific conditions, including: the detailed conditions under which such procedures will apply, detailed explanations of such criteria, and detailed calculations justifying such pre-established changes to facility ratings. Such criteria must be updated twice each year consistent with the provisions of this section. 4.11.4 PJM shall maintain a database of all Transmission Facility ratings, and shall review, and may modify or reject, any submitted change to such ratings or any submitted procedure for pre-established changes to such ratings. PJM shall provide notice no later than thirty (30) days after receiving a request for a proposed rating change of the acceptance, denial, or deferral of such change, including a written explanation of the basis for denying or deferring such change if the change is denied or deferred. Any dispute between a Party and PJM concerning Transmission Facility ratings shall be resolved in accordance with Section 9.19 and Attachment B of this Agreement; provided, however, that the rating level determined by PJM shall govern and be effective during the pendency of any such dispute.
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Transmission Facility Ratings. Dominion Virginia Power shall regularly update and verify facility ratings, subject to review and approval by PJM, in accordance with the following procedures and the procedures in the PJM Manuals: (a) Dominion Virginia Power shall verify to the Operations Planning Department (or successor Department) of PJM all of its transmission facility ratings two months prior to the beginning of the summer season (i.e., on April 1) and two months prior to the beginning of the winter season (i.e., on October 1) each calendar year, and shall provide detailed data justifying such transmission facility ratings when directed by PJM. (b) In addition to the seasonal verification of all ratings, Dominion Virginia Power shall submit to the Operations Planning Department (or successor Department) of PJM updates to its transmission facility ratings as soon as Dominion Virginia Power is aware of any changes. Dominion Virginia Power shall provide PJM with detailed data justifying all such transmission facility ratings changes. (c) Dominion Virginia Power shall submit to the Operations Planning Department (or successor Department) of PJM formal documentation of any procedure for changing facility ratings under specific conditions, including: the detailed conditions under which such procedures will apply, detailed explanations of such procedures, and detailed calculations justifying such pre-established changes to facility ratings. Such procedures must be updated twice each year consistent with the provisions of this section. (d) PJM shall maintain an historical database of all facility ratings, and shall review, and may modify or reject, any submitted change or any submitted procedure for pre-established changes. Any dispute between Dominion Virginia Power and PJM concerning facility ratings shall be resolved in accordance with Section 8.14 of this Agreement; provided, however, that the rating level determined by PJM shall govern and be effective during the pendency of any such dispute. Issued By: Xxxxx Xxxxxx Effective: May 1, 2005 Vice President, Government Policy Issued On: May 11, 2004 PJM Interconnection, L.L.C. Second Revised Sheet Xx. 00 Xxxx Xxxxxxxx XXXX Xx. 00 Superseding First Revised Sheet No. 12
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Transmission Facility Ratings. MWD as the TO shall ensure its transmission facility ratings are current in the CAISO Transmission Register.
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Related to Transmission Facility Ratings

  • PRIORITY RATING If so identified, this Contract is a "rated order" certified for national defense, emergency preparedness, and energy program use, and SELLER shall follow all the requirements of the Defense Priorities and Allocation System Regulation (15 C.F.R. Part 700).

  • Industry Ratings The City will only accept coverage from an insurance carrier who offers proof that it: a. Is authorized to do business in the State of Kansas; b. Carries a Best's policyholder rating of A- or better; and c. Carries at least a Class VIII financial rating; or d. Is a company mutually agreed upon by the City and Consulting Engineer/Architect.

  • Moody’s Xxxxx’x Investors Service, Inc. and its successors.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • Maintenance of Ratings At all times, Borrower shall use commercially reasonable efforts to maintain (x) a corporate family rating issued by Xxxxx’x and a corporate credit rating issued by S&P and (y) public ratings issued by Xxxxx’x and S&P with respect to its senior secured debt.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Debt Ratings Prompt notice of any change in its Debt Ratings.

  • No Ratings There are no securities or preferred stock of or guaranteed by the Company or any of its subsidiaries that are rated by a “nationally recognized statistical rating organization,” as such term is defined under Section 3(a)(62) under the 1934 Act.

  • Maintenance of Rating Since the execution of this Agreement, there shall not have been any decrease in or withdrawal of the rating of any securities of the Company or any of its subsidiaries (including the Bank) by any “nationally recognized statistical rating organization” (as defined for purposes of Section 3(a)(62) of the 0000 Xxx) or any notice given of any intended or potential decrease in or withdrawal of any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from Xxxxx’x and “F1+” from Fitch.

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