Examples of SC Applicant in a sentence
If, after the SC Applicant is certified as an SC, the SC decides to discontinue use of a Scheduling Agent, the SC must give 60-days advance written notice to the CAISO identifying the change in its relationship with the Scheduling Agent, and the SC will be required to satisfy all requirements that were fulfilled by the Scheduling Agent during the SC certification process.
If the SC Applicant intends to use a Scheduling Agent to fulfill some or all of its responsibilities as an SC, any of the certification requirements set forth in Section 5 for which the Scheduling Agent will be fulfilling the SC Applicant’s responsibilities will be considered satisfied by the prior certification of the Scheduling Agent as an SC.
An SC Applicant is responsible for and must meet all CAISO SC certification requirements in order to receive SC certification.
The following table lists the certification requirements that the SC Applicant must complete prior to participating in the CAISO Market.
Refer to Types of Activities or Representation for additional information.Estimated Time to Complete – Once the SC Applicant completes a SC certification requirement, this column list the time it normally takes for the CAISO to process and notify the SC Applicant if the certification requirement was completed successfully.
However, the certification requirements to complete real time and contact drills and the establishment of OMAR system connectivity and functionality of other technical systems may be completed by the Scheduling Agent acting on behalf of the SC Applicant.
The SC Applicant must submit a signed irrevocable and unconditional guarantee in an ISO approved form and certified documentation of the other company’s Approved Credit Rating before final certification.
The SC Applicant must enter into an escrow agreement in an ISO approved form before final certification.
OR 3.2 The SC Applicant will provide an irrevocable and unconditional guarantee from a company which has an Approved Credit Rating: (yes / no).
SC Applicant must also submit, before final certification, an executed letter of understanding for payment providing contact details in case of default.