Common use of CAISO Charges Clause in Contracts

CAISO Charges. Seller shall assume all liability and pay for all congestion charges up to and at the Delivery Point. Seller shall also assume all liability and reimburse Buyer for any and all charges, including CAISO Penalties, as defined below, incurred by Buyer as a result of Seller’s failure to abide by the CAISO Tariff and all applicable protocols. Seller shall cooperate to minimize such charges and imbalances to the extent possible. Seller shall promptly notify Buyer as soon as possible of any material imbalance that is occurring or has occurred. Such notification shall not alter Seller’s responsibilities for payment for all imbalance and congestion charges and CAISO Penalties, as defined below, under this Agreement. As used herein, “CAISO Penalties” means any fees, liabilities, assessments, or similar charges assessed by the CAISO.

CAISO Charges. Seller shall assume all liability and pay for all congestion charges up to and at the Delivery Point. Seller shall also assume all liability and reimburse Buyer for any and all charges, including CAISO Penalties, as defined below, incurred by Buyer as a result of Seller’s failure to abide by the CAISO Tariff and all applicable protocolsCAISO Protocols. Seller shall cooperate to minimize such charges and imbalances to the extent possible. Seller shall promptly notify Buyer as soon as possible of any material imbalance that is occurring or has occurred. Such notification shall not alter Seller’s responsibilities for payment for all imbalance and congestion charges and CAISO Penalties, as defined below, under this Agreement. As used herein, “CAISO Penalties” means any fees, liabilities, assessments, or similar charges assessed by the CAISO. Buyer shall assume all liability and reimburse Seller for any CAISO Penalties incurred by Seller as a result of Buyer’s failure to abide by the CAISO Tariff and CAISO Protocols.