Illinois Auction definition

Illinois Auction has the meaning set forth in the Recitals above.
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Illinois Auction means the Illinois Auction process used to procure CPP-A, CPP-B, BGS-FP, and BGS-LFP Supply as originally proposed in Docket Nos. 05-0159, 05-0160, 05-0161 and 05-0162, and consistent with the Commission Order in Docket 06-0800 dated XXX, 2007.
Sample 1

Examples of Illinois Auction in a sentence

  • The MtM is calculated as the sum of i) changes in On-Peak Forward Market Prices (relative to On-Peak Forward Market Prices on the closing day of the Illinois Auction) multiplied by the on-peak MWh volume assumptions for BGS-FP Load; and ii) changes in estimated Off-Peak Forward Market Prices (relative to estimated Off-Peak Forward Market Prices on the closing day of the Illinois Auction) multiplied by the off-peak MWh volume assumptions for BGS-FP Load.

  • TIMING OF CALCULATIONS Illustrative values for Tables 1, 2 and 3 will be provided 14 days prior to the Illinois Auction.

  • Indicative pricing for the Initial Marks utilizing the methodology elaborated above will be provided to the BGS-FP Suppliers at least 14 days prior to the Illinois Auction, and will be updated on each Business Day during the Illinois Auction.

  • On each Business Day during the term of this Agreement, each of the Companies will calculate the change in On-Peak Forward Market Price for each month to be the difference between that day’s “Mark” (the current On-Peak Forward Market Price for that month) and the “Initial Mark” (the On- Peak Forward Market Price for that month as of the closing day of the Illinois Auction.) Initial Marks determined at the close of the Illinois Auction are provided in Table 1.

  • The Companies will further develop this methodology in consultation with ICC Staff and the Auction Manager, in advance of the Illinois Auction.

  • The Guaranty, if relied upon by the BGS- FP Supplier, must be in the form of Appendix F, or in a substantially similar form approved by each of the Companies in advance of the Illinois Auction in accordance with the process announced on the Illinois Auction Website.

  • The BGS-FP Supplier’s point of contact for all information, operations, and questions shall be , or its successor organization, and the Illinois Auction Website.

Related to Illinois Auction

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.3.

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • public auction means a method of sale where goods or services are offered by the trader to consumers, who attend or are given the possibility to attend the auction in person, through a transparent, competitive bidding procedure run by an auctioneer and where the successful bidder is bound to purchase the goods or services;

  • Dutch Auction means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed to between the Administrative Agent and the Borrower:

  • Absolute Rate Auction means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.03.

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Reverse auctioning means a procurement method wherein bidders are invited to bid on specified goods or nonprofessional services through real-time electronic bidding, with the award being made to the lowest responsive and responsible bidder. During the bidding process, bidders' prices are revealed and bidders shall have the opportunity to modify their bid prices for the duration of the time period established for bid opening.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • Chicago Convention means the Convention on International Civil Aviation, signed at Chicago on 7 December 1944, as amended, and its Annexes;

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of PPA.