INDEPENDENT SYSTEM OPERATOR Sample Clauses
The Independent System Operator (ISO) clause defines the role and authority of an independent entity responsible for managing and coordinating the operation of a power grid or energy market. This clause typically outlines the ISO's responsibilities, such as ensuring reliable electricity transmission, balancing supply and demand, and facilitating fair access to the grid for all market participants. By establishing the ISO's functions and powers, the clause helps maintain grid stability, prevent conflicts of interest, and promote transparency and efficiency in energy markets.
INDEPENDENT SYSTEM OPERATOR. 5.1. Balancing Authority.
INDEPENDENT SYSTEM OPERATOR. 6. PARTICIPATING TRANSMISSION OWNERS .............................................................
INDEPENDENT SYSTEM OPERATOR. (a) The Participants Committee is authorized and directed to approve one or more agreements to be entered into with the ISO (the "ISO Agreement")and any amendments to the ISO Agreement which the Committee may deem necessary or appropriate from time to time. The ISO Agreement shall specify the rights and responsibilities of NEPOOL and the ISO, for the continued operation of the NEPOOL control center by the ISO as the control center operator for the NEPOOL Control Area and the administration of the Tariff. In addition, the ISO shall be responsible for the furnishing of billing and other services required by NEPOOL. Issued by: David T. Doot Effective: March 1, 20▇▇ ▇▇▇▇▇▇ ▇▇: December 30, 1999 67269.43 New England Power Pool FERC Electric Rate Schedule No. 5, Original Revised Sheet No. 254
(▇) ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇ (▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇covered under the ISO Tariff, as defined in Section 19.2, and fees and charges for services which are separately billed), and any indemnification payable under the ISO Agreement, shall be shared by the Participants in accordance with Section 19.
(c) The Participants shall provide to the ISO the financial support, information and other resources necessary to enable the ISO to provide the services specified in the ISO Agreement, or in this Agreement, in accordance with Good Utility Practice and subject to the budgeting, approval and dispute resolution provisions of the ISO Agreement and this Agreement.
(d) The Participants shall provide appropriate funding for the acquisition of land, structures, fixtures, equipment and facilities, and other capital expenditures and capitalized project expenditures for the ISO, which are included in the annual budget for the ISO in accordance with the provisions of the ISO Agreement, or otherwise specifically approved by the Participants Committee. All such land, structures, fixtures, equipment Issued by: David T. Doot Effective: March 1, ▇▇▇▇ ▇▇▇▇▇▇ ▇n: December 30, 1999 67269.43 New England Power Pool FERC Electric Rate Schedule No. 5, Original Revised Sheet No. 255 and facilities, and other capital assets, and all software or other intellectual property or rights to intellectual property or other assets acquired or developed by the ISO in order to carry out its responsibilities under the ISO Agreement shall be the property of the Participants or shall be acquired by the Participants under lease in accordance with arrangements approved by the Participants Committee. For those Participa...
INDEPENDENT SYSTEM OPERATOR. Establishment of a market operation system for the Independent System Operator, including the purchase and installation of related hardware and software.
INDEPENDENT SYSTEM OPERATOR. Actions of any Independent System Operator having operational control over any Utility Company's electric transmission system which materially and adversely affects the use of the System;
INDEPENDENT SYSTEM OPERATOR. The Management Committee is authorized and directed to approve one or more agreements to be entered into with the ISO (the "ISO Agreement") and any amendments to the ISO Agreement which the Committee may deem necessary or appropriate from time to time. The ISO Agreement shall specify the rights and responsibilities of NEPOOL and the ISO, for the continued operation of the NEPOOL control center by the ISO as the control center operator for the NEPOOL Control Area and the administration of the Tariff. In addition, the ISO shall be responsible for the furnishing of billing and other services required by NEPOOL.
INDEPENDENT SYSTEM OPERATOR. The Parties understand that the Transmission Provider may join an independent system operator under Commission jurisdiction. In the event the Transmission Provider either joins or is required to conform to protocols of the independent system operator, the Parties agree that the Transmission Provider either (1) may make any changes necessary to conform to the terms and conditions required by Commission approval of the independent system operator, or (2) terminate this Service Agreement by providing a one-year written notice to the Transmission Customer. To be filed by the Transmission Provider at such time as the Transmission Provider has negotiated or offered a Network Integration Transmission Service Agreement. The terms and conditions under which the Network Customer will be required to operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service and this Service Agreement will be specified in a separate Network Operating Agreement. The Network Operating Agreement will include provisions addressing the following: Authorized Representatives of the Parties Network Operating Committee Load Following System Protection Redispatch to Manage Transmission Constraints Maintenance of Facilities Load Shedding Operation Impacts Service Conditions Data, Information and Reports Metering Communications System Regulation and Operating Reserves Assignment Notices Accounting for Transmission Losses (Alternative language to be used only by UGPR) Network Integration Transmission provided by the Transmission Provider will be subject to all operating and scheduling procedures and protocols of the Mid-Continent Area Power Pool (▇▇▇▇) as stated in the ▇▇▇▇ Restated Agreement and the ▇▇▇▇ Operating Handbook as existing and as may be amended, superseded or replaced. The Transmission Provider will, therefore, not enter into a separate Network Operating Agreement with each Network Customer.
INDEPENDENT SYSTEM OPERATOR. The Participants Committee is authorized and directed to approve one or more agreements to be entered into with the ISO (the "ISO Agreement") and any amendments to the ISO Agreement which the Committee may deem necessary or appropriate from time to time. The ISO Agreement shall specify the rights and responsibilities of NEPOOL and the ISO, for the continued operation of the NEPOOL control center by the ISO as the control center operator for the NEPOOL Control Area and the administration of the Tariff. In addition, the ISO shall be responsible for the furnishing of billing and other services required by NEPOOL.
INDEPENDENT SYSTEM OPERATOR. In the event responsibility for management or operation of all or any portion of Grantor’s electrical transmission facilities located in or on the Grantor’s Property is transferred or assigned by Grantor to an independent system operator (“ISO”) or another third party, then ▇▇▇▇▇▇▇ agrees to recognize the right of such ISO or third party to exercise all or any part of Grantor’s rights under this instrument.
INDEPENDENT SYSTEM OPERATOR. 6. PARTICIPATING TRANSMISSIO N OWNERS ................................................................