Common use of Distribution Of Emergency Procedure Charges Clause in Contracts

Distribution Of Emergency Procedure Charges. 1. Each Party and each party to the RAA that has complied with the emergency procedures imposed by this Agreement or the RAA during an Emergency, without incurring an emergency procedure charge, shall share in any emergency procedure charges paid by any other Party or by any party to the RAA that has failed to satisfy said obligation during an Emergency. Such shares shall be in proportion to the sum of the Accounted For Obligations (calculated without any reduction for ALM load credit) of of the Parties and each of the parties to the RAA entitled to share in the charges, for the most recent month. 2. In the event all of the Parties and all of the parties to the RAA have incurred charges with respect to an Emergency, the charges related to that Emergency shall be distributed as approved by the PJM Board. Issued By: ▇▇▇▇▇ ▇▇▇▇▇▇ Effective: June 1, 2003 Vice President, Governmental Policy Issued On: July 29, 2003 Filed to comply with order of the Federal Energy Regulatory Commission, Docket No. ER03-703-000, issued May 30, 2003, 103 FERC ¶ 61,250. PJM Interconnection, L.L.C. Original Sheet No. 43 First Revised Rate Schedule FERC No. 32 The following responsibilities shall be delegated by the Parties to the Office of the Interconnection. The Office of Interconnection is obligated under the Amended Operating Agreement and this Agreement to meet these responsibilities:

Appears in 6 contracts

Sources: Reliability Assurance Agreement (Columbus Southern Power Co /Oh/), Reliability Assurance Agreement (Appalachian Power Co), Reliability Assurance Agreement (American Electric Power Co Inc)