Regional Transaction definition
Examples of Regional Transaction in a sentence
Each Regional Transaction must be tagged with an E-Tag that includes all segments of the Regional Transmission Service reserved.
The Billing Agent will also be responsible for making any refunds to which the Transmission Customer may be entitled in respect of a Regional Transaction.
A Regional Transaction can be annulled at the request of the Transmission Customer only if all of the RTPs that would participate in the Regional Transaction agree to annul it.
Regional Transmission Service is to be utilized and tagged in each case across the Transmission Systems of all of the RTPs involved in the Regional Transaction.
The RTPs participating in a Regional Transaction will furnish to the Delivering Party’s system operator hour-to-hour schedules equal to those furnished by the Receiving Party and shall deliver the capacity and energy provided by such schedules on a non-firm basis.
Losses will be based on transactions across each Transmission System used in the Regional Transaction, as provided in Section 7.1(e) hereof, and will be monetized at the rate published in the ICE Palo Verde Financial Peak Daily Electricity Price Index or ICE Palo Verde Financial Off-Peak Daily Electricity Price Index (“Palo Verde Index”) for the trade date of the transaction, and will be paid for by the Transmission Customer.
If the WestConnect Deal Wizard indicates that a proposed Regional Transaction is more expensive at the Regional Rate than it would be under the combined OATT rates of the RTPs that would provide the requested Regional Transmission Service – i.e., if the WestConnect Regional Transmission Service software shows a negative amount – each segment of the requested transmission path will be processed as a transmission service request under the relevant RTP’s individual OATT.
Losses will be based on transactions across each Transmission System used in the Regional Transaction, will be monetized at the rate published in the ICE Palo Verde Financial Peak Daily Electricity Price Index or ICE Palo Verde Financial Off-Peak Daily Electricity Price Index (“Palo Verde Index”) for the trade date of the transaction, and will be paid for by the Transmission Customer.