Filing of Changes in Terms and Conditions Under Section 205 Clause Samples

The "Filing of Changes in Terms and Conditions Under Section 205" clause requires a party, typically a utility or service provider, to formally submit any proposed modifications to the terms and conditions of their service agreements to the relevant regulatory authority, as mandated by Section 205 of the Federal Power Act. This process involves providing notice and documentation of the intended changes, which may include adjustments to rates, service provisions, or operational procedures, and often requires regulatory review and approval before the changes can take effect. The core function of this clause is to ensure transparency and regulatory oversight, preventing unilateral or undisclosed changes that could adversely affect customers or other stakeholders.
Filing of Changes in Terms and Conditions Under Section 205. (i) PJM shall have the exclusive and unilateral rights to file pursuant to Section 205 of the Federal Power Act and the FERC’s rules and regulations thereunder to make changes in or relating to the terms and conditions of the PJM Tariff (including but not limited to provisions relating to creditworthiness, billing, and defaults) as well as all charges for recovery of PJM costs. PJM shall not have any Section 205 filing rights with respect to the subject matters described in Sections 7.1 and 7.2 of this Agreement. PJM shall not have any Section 205 filing rights with respect to the provisions of the PJM Tariff listed in Sections 7.3.4 and 7.3.5 of this Agreement.
View SourceView Similar (8)

Related to Filing of Changes in Terms and Conditions Under Section 205

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • Modification to Article III, Section 2 of the DPA Article III, Section 2 of the DPA (Annual Notification of Rights.) is amended as follows:

  • Geographic Area and Sector Specific Allowances, Conditions and Exceptions The following allowances and conditions shall apply where relevant. Where the Employer does work which falls under the following headings, the Employer agrees to pay and observe the relevant respective conditions and/or exceptions set out below in each case.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.