Common Contracts
1 similar Payment Plan Agreement contracts
Payment Plan Agreement Pursuant to ERCOT Protocol Section 9.19Payment Plan Agreement • April 23rd, 2021
Electric Reliability Council of Texas, Inc. (“ERCOT”) and Hanwha Energy USA Holdings Corp dba 174 Power Global (“Market Participant”) hereby enter into this Payment Plan Agreement (“PPA”). Upon execution of this PPA, ERCOT will use its discretion under Public Utility Commission of Texas (“PUCT”) Order Directing ERCOT to Take Action and Granting Exception to ERCOT Protocols, in PUCT Project No. 51812 (February 21, 2021) to suspend the deadline by which Market Participant must fulfill the payment obligations set forth in Attachment A: Payment Plan Schedule, unless ERCOT terminates the PPA earlier for Market Participant’s failure to satisfy obligations under the PPA, ERCOT Protocols or the Standard Form Market Participant Agreement (“SFA”). This PPA does not waive or otherwise preclude enforcement activity against Market Participant by the PUCT for any reason, and Market Participant assumes all risks associated with any enforcement action taken by the PUCT. ERCOT will post this PPA on the
