WSPP Agreement definition

WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time. “West Firm” or “WSPP Firm” means with respect to a Transaction, a Product that is or will be scheduled as firm energy and consistent with the most recent rules adopted by the WECC for which the only excuses for failure to deliver or receive are if an interruption is (i) due to an Uncontrollable Force as provided in Section 10 of the WSPP Agreement; or (ii) where applicable, to meet Seller's public utility or statutory obligations to its customers. Notwithstanding any other provision in this Master Agreement, if Seller exercises its right to interrupt to meet its public utility or statutory obligations, Seller shall be responsible for payment of damages for failure to deliver firm energy as provided in Article Four of this Agreement.

WSPP Agreement means the WSPP Agreement, including Service Schedules and Exhibits attached, the Master Confirmation Agreement to the WSPP Agreement executed by the Parties, any amendments and annexes thereto agreed to between the Parties, and all Transactions evidenced by confirmations between the Parties entered into or conducted thereunder. The numbering of sections contained herein correspond to the WSPP Agreement effective as of July 28, 2020 and any renumbering of the sections shall not affect the terms of this Collateral Annex.

WSPP Agreement is defined in the introductory paragraph hereof.

Examples of WSPP Agreement in a sentence

• Contact Information: Seller:Purchaser: East Bay Community Energy Authority,a California joint powers authorityAddress:Address: 1111 Broadway, Suite 300Oakland, CA 94607Contract Representative:Contract Representative: Nick ChasetPhone:Phone: 510-670-5936Email:Email: Nchaset@ebce.orgSettlements Contact:Settlements Contact: Nick ChasetPhone:Phone: 510-670-5936Email:Email: Nchaset@ebce.org Master Agreement: WSPP Agreement effective June 20, 2017, as amended to date, including; WSPP Service Schedule R.

• Notwithstanding any provision in the WSPP Agreement to the contrary, neither Party shall be required to post collateral or other security for this Transaction.

• Without prejudice to its other rights, Purchaser may set off and recoup any such amounts that are not paid to it against amounts owed to Seller under the WSPP Agreement.

• If Seller or the Unit’s Scheduling Coordinator, owner, or operator (as applicable) fails to pay such revenues to Buyer, Buyer may offset any amounts owing to it for such revenues pursuant to Section 28 of the WSPP Agreement against any future amounts it may owe to Seller under this Confirmation.

• If the District determines obtaining quotations is appropriate, then the District will endeavor to obtain quotations from three or more third parties selected by the District who, in the District’s reasonable discretion, are creditworthy, are qualified to enter into a Replacement Slice Contract, and are parties to a WSPP Agreement (each a “Qualified Bidder”).

More Definitions of WSPP Agreement

WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time.

WSPP Agreement means the Western Systems Power Pool Agreement, dated September 1, 2002.

WSPP Agreement means the WSPP Agreement published by WSPP, Inc., as amended from time to time.

WSPP Agreement means the Western Systems Power Pool Agreement as amended and in effect from time to time.”

WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time."CAISO Firm" means with respect to a Transaction, a Product under which the Seller shall sell and the Buyer shall purchase a quantity of energy equal to the hourly quantity without Ancillary Services (as defined in the Tariff) that is or will be scheduled as a schedule coordinator to schedule coordinator transaction pursuant to the applicable tariff and protocol provisions of the California Independent System Operator ("CAISO") (as amended from time to time, the "Tariff") for which the only excuse for failure to deliver or receive is "an Uncontrollable Force" (as defined in the Tariff) called by the CAISO in accordance with the terms in the Tariff. A CAISO Schedule Adjustment shall not constitute a Force Majeure; rather, if there is a CAISO Schedule Adjustment, the Parties shall make an adjustment payment (the "Adjustment Payment") with respect to the Contract Quantity to which the CAISO Schedule Adjustment applies (the "Affected Contract Quantity"). Notwithstanding Section 4.1, (i) if the Replacement Price (as defined above ) that Buyer is required to pay the CAISO is greater than the Contract Price, then Seller shall pay Buyer an Adjustment Payment equal to the Affected Contract Quantity times the difference between the Replacement Price and the Contract Price; (ii)if the Replacement Price that Buyer is required to pay the CAISO is less than the Contract Price, then Buyer shall pay Seller an Adjustment Payment equal to the Affected Contract Quantity times the difference between the Contract Price and the Replacement Price; and (iii) if the Replacement Price is less than 0, then Seller shall pay Buyer an Adjustment Payment equal to the Affected Contract Quantity times the absolute value of the Ex Post Price.

WSPP Agreement means the WSPP Inc.’s Agreement as amended from time to time.

WSPP Agreement means the WSPP Agreement published by WSPP, Inc., formerly known as the Western Systems Power Pool. 3. IST Settlements and Submissions. 3.1 Purpose.23 The Parties adopt this Amendment to address what would otherwise be a double payment to the Seller and a double charge to Buyer through CAISO settlement of elements of LMP are System Marginal Cost of Energy (which is the same system-wide), the Marginal Cost of Congestion, and the Marginal Cost of Losses.