Examples of FERC Refund Determination in a sentence
Following the date of the FERC Refund Determination, but prior to the date on which refunds are to be paid pursuant to the FERC Refund Determination, the ISO and PX shall determine the portion of the Unsettled Reliant Refund Amounts that, absent this Agreement, would be deemed to be owed to each Market Participant that is entitled to receive refunds (“Unsettled Participant Refund Amount”).
If neither FERC nor the court of appeals specifies the time and manner for such payments, then such payments shall be made by wire transfer within twenty (20) Business Days after the date that the applicable FERC or court of appeals order changing the FERC Interest Determination, the FERC Allowances Determination, the FERC Receivables Determination, or the FERC Refund Determination has become final and no longer subject to appeal.
Amounts specified on the FERC Refund Allocation Matrix as payable to Market Participants who, by not making the election provided in Article 9, become Non-Settling Participants will be retained in the Reliant Refund Escrow until issuance of the FERC Refund Determination.
With the exception of the Fuel Cost Allowance, Reliant shall have no additional obligation with respect to changed FERC Refund Determination.
If neither FERC nor the court of appeals specifies the time and manner for such payments, then such payments shall be made by wire transfer within twenty (20) Business Days after the issuance of the FERC or court of appeals order (in each case that is a final order no longer subject to appeal) changing the FERC Interest Determination or the FERC Refund Determination, as applicable.
Amounts specified on the FERC Refund Proceeding Allocation Matrix as payable to Market Participants who, by not making the election provided in Article 9, become Non-Settling Participants will be retained in the Enron Refund Escrow until issuance of the FERC Refund Determination.
If FERC determines that Enron owes refunds pursuant to the FERC Refund Determination or interest pursuant to the FERC Interest Determination to any Non-Settling Participant, it shall be paid first from the amounts retained in relation to Non-Settling Participants in the Enron Refund Escrow, until such funds are exhausted, with any balance to be paid by Enron.
The CAISO and/or PX shall distribute the Refund Shortfall to each Non-Settling Participant in the manner provided in the FERC Refund Determination.
Following the date of the FERC Refund Determination, but prior to the date on which refunds are to be paid pursuant to the FERC Refund Determination, the ISO and PX shall determine the portion of the Unsettled Enron Refund Amounts that, absent this Agreement, would be deemed to be owed to each Market Participant that is entitled to receive refunds (“Unsettled Participant Refund Amount”).
If FERC orders NCPA to pay refunds pursuant to the FERC Refund Determination to any Non-Settling Participant for NCPA’s transactions in the California Markets during the Settlement Period, then such obligation, including any interest on refunds allowed pursuant to the FERC Interest Determination, shall be paid, subject to Section 5.8, by the California Parties in cash within the time established by FERC.