Examples of SSO Load in a sentence
The Mark-to-Market Exposure Amount may also be adjusted on a monthly basis to reflect changes in expected SSO Load by means of a volume adjustment factor, if such changes are material to the result of the calculation.
If an SSO Supplier defaults in its obligations hereunder resulting in the exercise of the right of Early Termination by the Companies with respect to such SSO Supplier, then the Companies, subject to Applicable Legal Authorities, may offer one or more of the non- defaulting SSO Suppliers the right to assume under this Agreement additional Tranches of SSO Load, subject to further compliance with the creditworthiness provisions of Article 6.
The “mark” and SSO Load per Tranche for each Billing Month will be determined at the time the Solicitation is completed based on the then prevailing Forward Market Prices.
If more than one SSO Supplier is interested in assuming the additional Tranches of SSO Load and the Parties are unable to agree on an allocation of such additional Tranches, then Duke Energy Ohio shall utilize a blind lottery process to determine which SSO Suppliers shall serve the additional Tranches of SSO Load.
Each SSO Supplier acknowledges and agrees that Duke Energy Ohio may need to act in response to directives by a Governmental Authority that may affect SSO Supply or SSO Load.
If an SSO Supplier defaults in its obligations hereunder resulting in the exercise of the right of Early Termination by Duke Energy Ohio with respect to such SSO Supplier, then Duke Energy Ohio, subject to Legal Authorities, may offer all of the non-defaulting SSO Suppliers the right to assume under this Agreement additional Tranches of SSO Load, subject to further compliance with the creditworthiness provisions of Article 5.
Each SSO Supplier acknowledges and agrees that the Companies may need to act in response to directives by a Governmental Authority that may affect SSO Supply or SSO Load.
Additionally, the SSO Load per Tranche could be updated at any time by the Companies to reflect changes to the SSO Load.