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.
View Source
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.
View Source
WSPP Agreement is defined in the introductory paragraph hereof.
View Source

Examples of WSPP Agreement in a sentence

  • 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”).

  • If the Party owing money (“Owing Party”) elects to make payments over time to the other Party (“Receiving Party”), the Present Value Rate referenced in Section 22.3(b) in the WSPP Agreement and 16(d) in this or another Slice Contract shall not be reflected in determining the amounts to be paid.

  • Section 14, Transfer of Interest in Agreement, of the WSPP Agreement shall for purposes of this Confirmation be deleted in its entirety and replaced with the following: “Neither Party shall transfer, assign or sell its rights as set forth in this Confirmation, to any third party without first obtaining the prior written consent of the other Party.

  • Section 30, Confidentiality, of the WSPP Agreement is amended for purposes of this Confirmation by inserting at the end of Section 30.1(6) prior to the semicolon the following: “or to Deliver RECs pursuant to the requirements of WREGIS”.

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


More Definitions of WSPP Agreement

WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time.
View Source
WSPP Agreement means the Western Systems Power Pool Agreement as amended and in effect from time to time.”
View Source
WSPP Agreement means the WSPP Agreement published by WSPP, Inc., as amended from time to time.
View Source
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 August 26, 2022 and any renumbering of the sections shall not affect the terms of this Agreement.
View Source
WSPP Agreement means the Western Systems Power Pool Agreement, dated September 1, 2002.
View Source
WSPP Agreement means the Western Systems Power Pool Agreement as amended from time to time. EXHIBIT A MASTER POWER PURCHASE AND SALE AGREEMENT CONFIRMATION LETTER EXHIBIT B RESOURCE ADEQUACY (“RA”) CAPACITY The Parties acknowledge and agree that after the execution of this Master Agreement, they may enter into one or more contracts or confirmations concerning Resource Adequacy, which products, terms, conditions and definitions shall be documented in an Resource Adequacy Confirmation (“RA Confirm”), the terms and conditions of which the Parties agree to negotiate in good faith at the time such Transactions are contemplated. EXHIBIT C RENEWABLE ENERGY CREDIT (“REC”) The Parties acknowledge and agree that after the execution of this Master Agreement, they may enter into one or more contracts or confirmations concerning RECs, which terms and conditions shall be documented in a REC Confirmation and which the Parties agree to negotiate in good faith at the time such Transactions are contemplated. EXHIBIT D CERTIFICATION OF NONDISCRIMINATION
View Source
WSPP Agreement means the WSPP Agreement published by WSPP, Inc., formerly known as the Western Systems Power Pool.
View Source