Common Contracts
2 similar Governing Documents Revision contracts
ContractGoverning Documents Revision • January 22nd, 2016
Proposed Clean-Up, Clarification and Corrections to Governing Documents FIRST READ PROPOSED REVISIONSDated: January 22 2016For Discussion at MRC January 28, 2016 Agreement, Attachment, Section, Title Current Language Proposed Revisions Rationale 1. Tariff, Attachment K- Appendix, §§ 1.3.5.01 and 1.3.2A.03(Definitions)Operating Agreement, Schedule 1, §§1.3.5.01 and 1.3.2A.03 (Definitions) N/A 1.3.5.01 “FTR Holder” (1.3.5.01) “FTR Holder” shall mean the PJM Member that has acquired and possesses an FTR. 1.3.2A.03 “Effective FTR Holder”1.3.2A.03) “Effective FTR Holder” shall mean: The term FTR holder or holder of FTR is used throughout the Tariff and OA. However, the term is not defined. Thus we are adding a definition and will use the defined term in all places where “FTR holder”, “holder of FTRs” or holder of Financial Transmission Rights” currently exists, except as described below regarding use of the new defined term Effective FTR Holder. (i) For an FTR Holder that is either
ContractGoverning Documents Revision • October 13th, 2015
Proposed Clean-Up, Clarification and Corrections to Governing Documents FIRST READ PROPOSED REVISIONSDated: October 13, 2015For Discussion at GDECS October 23, 2015 Agreement, Attachment, Section, Title Current Language Proposed Revisions Rationale 1. Tariff, Attachment K- Appendix, §§ 1.3.5.01 and 1.3.2A.03(Definitions)Operating Agreement, Schedule 1, §§1.3.5.01 and 1.3.2A.03 (Definitions) N/A (1.3.5.01) “FTR Holder” shall mean the PJM Member that has acquired an FTR in an FTR Auction or by any other means.(1.3.2A.03) “Effective FTR Holder” shall mean an FTR Holder, any Affiliate or subsidiary of the FTR Holder, any other PJM Member that is under common ownership with the FTR Holder if the FTR Holder is a privately held company, and/or for publically traded companies, any other PJM Member that has over 5% common ownership with the FTR Holder. Further, any two PJM Members shall be considered Effective FTR Holders if they share common ownership in any third party business entity that
