Illinois Auction definition

Illinois Auction has the meaning set forth in the Recitals above.
Sample 1Sample 2Sample 3
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 [CPP-B / 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 [CPP-B / BGS-FP] Load.

  • At the time the Illinois Auction is completed, the MtM Exposure Amount for the BGS-FP Supplier shall be equal to zero.

  • The “Initial Mark” for each Billing Period will be determined at the time the Illinois Auction is completed based on the available On-Peak Forward Market Prices and, for the remaining Billing Periods for which such prices are not available, will be derived using a proprietary method that reflects forward market conditions.

  • 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 [CPP-B / BGS-FP] Suppliers at least 14 days prior to the Illinois Auction, and will be updated on each Business Day during 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 the Companies in advance of the Illinois Auction in accordance with the process announced on the Illinois Auction Website.

  • On each Business Day during the term of this Agreement, [the Company / 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 Company / The Companies] will further develop this methodology in consultation with ICC Staff and the Auction Manager, in advance of the Illinois Auction.

  • 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

  • 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;

  • Reverse auction means a purchasing process in which offerors submit proposals in competing to sell services or supplies in an open environment via the internet.

  • 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:

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

  • Federal Reserve Bank of New York’s Website means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source.

  • 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.

  • Website of the European Central Bank means the website of the European Central Bank currently at http://www.ecb.europa.eu or any successor website officially designated by the European Central Bank.