Legacy Contract definition
Examples of Legacy Contract in a sentence
The EDAM Legacy Contract rights holder must in any event coordinate use of its rights with the EDAM Entity associated with the EDAM Legacy Contract, and communicate the transmission capacity available for EDAM Transfers to the CAISO in accordance with the procedures and timelines in the Business Practice Manual for the Extended Day-Ahead Market.
An EDAM Legacy Contract rights holder that intends to make capacity available for EDAM Transfers must be represented by a Scheduling Coordinator, which may be the EDAM Entity Scheduling Coordinator.
If the EDAM Transfer is associated with a EDAM Legacy Contract, then balanced Self-Schedules must be submitted into the Day-Ahead Market for relevant EDAM Transfer System Resource for delivery of the Supply external to its Balancing Authority Area.
In addition, VPRA may, in the sole discretion of the VPRA Executive Director, extend the expiry date and increase the compensation caps within any Transitional Legacy Contract so as to avoid any undue burden on VPRA, provided that with respect to any term contract (i) no Transitional Legacy Contract shall be extended beyond its final expiry date by more than twelve months, and (ii) no compensation cap within a Transitional Legacy Contract shall be increased by more than $10,000,000.
An EDAM Legacy Contract rights holder, in coordination with the applicable EDAM Entity, may reserve and schedule all the capacity available under the terms of the contract, in which case none of the capacity will be available for EDAM Transfers.