PAYMENT AGENT AGREEMENTPayment Agent Agreement • April 6th, 2006 • Oklahoma
PAYMENT AGENT AGREEMENT OUTLINEPayment Agent Agreement • December 15th, 2020
Purpose of Agreement: The Collection and Payment Agent (the "Agent") Agreement (the "CPA Agreement") is required to preserve the financial position of BPA's third-party debt holders and of its net-billed participants (net-billing described below) with respect to BPA’s obligations for certain generating nuclear resources. The CPA Agreement would empower an entity (escrow agent or bank) to collect all of the revenues from the provision through RTO West transmission services and ancillary products, and to make payments of such revenues directly to the Transmission Owners (defined below) and to RTO West.
