Examples of ISO Charges in a sentence
Details including the account number, bank name, routing number and electronic transfer instructions which, in the case of an Invoice, will be for the ISO account to which ISO Charges owed by the Covered Entity are to be paid or, in the case of a Remittance Advice, will be for the Covered Entity’s account to which the ISO shall remit Payments for ISO Charges owed to that Covered Entity (as previously provided to the ISO by such Covered Entity).
The ISO shall use moneys received by it from Covered Entities for an Invoice for ISO Charges to pay all amounts due to the ISO under Section IV of the Transmission, Markets and Services Tariff, all amounts due to NEPOOL for Participant Expenses, and all amounts due to the ISO for acting as Project Manager for the generation information system (the “NEPOOL GIS”) before making any payments to any Covered Entities.
After paying all amounts due to the ISO and NEPOOL but prior to making any payments to any Covered Entities, the ISO shall use moneys received by it from Covered Entities for ISO Charges to pay all amounts due from NEPOOL to the entity or entities that develop, administer, operate and maintain the NEPOOL GIS (the “NEPOOL GIS Administrator”) for those services (other than NEPOOL GIS API Fees).
As amounts on Default Amounts are received by the ISO, the oldest outstanding ISO Charges will be settled first in the order of the creation of such debts.
Except during the Startup Period, and except as set forth in Section 3.19(b) and Exhibit R (with respect to Seller’s obligation to pay ISO Sanctions), SCE shall (i) be responsible for ISO Charges, and (ii) receive all ISO revenues (including credits and other payments) incurred or received as a result of providing Scheduling Coordinator services or attributable to generation from the Generating Facility, including costs and revenues associated with ISO dispatches.
This Statement is determined from the preliminary statements of the New England Markets, applicable the ISO Charges and/or Transmission Charges due under the Governing Documents (including amounts due under the ISO New England Financial Assurance Policy), as well as applicable adjustments.
If either (x) a Covered Entity is suspended from the New England Markets as a result of a payment default as described in this Section 3.7 as a result of a payment default involving ISO Charges or (y) a Covered Entity receives more than five notices of payment defaults with respect to ISO Charges in any rolling 12-month period, then such Covered Entity shall pay a $1,000 penalty for such suspension and for each notice after the fifth notice in a rolling 12-month period.
ISO Charges incurred after the effective date will be allocated to the Utility, consistent with Exhibit D.
The amount of a Covered Entity’s collateral maintained in a shareholder account will immediately be reduced by the amount drawn to pay an Invoice for ISO Charges pursuant to a standing instruction.
We also see a constant increase on the positive impact of asset tangibility on long-term debt ratio, pointing that collateral became morevaluable to overcome credit access barriers and access debt of longer maturity.