Common use of Coordinated Emergency Generation Redispatch Clause in Contracts

Coordinated Emergency Generation Redispatch. The Parties shall follow a least-cost dispatch protocol in response to system emergencies that will mitigate or stabilize the system emergency in appropriate time to prevent IRL violation, and the costs thereof shall be reflected in, and compensated through, relative LMP values. However, in the event that costs not cognizable under LMP are incurred, the Party within which the affected resources are located shall reimburse such resource for direct incremental cost, subject to inter-RTO reimbursement in the event that the costs incurred by one Party were caused by a system emergency in the other Party.