Methodologies to Account for Tagged Transactions Clause Samples

Methodologies to Account for Tagged Transactions below to account for import and export tagged transactions and shall apply it consistently for each of the following calculations:
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Methodologies to Account for Tagged Transactions. Units assigned to serve a market area’s load do not need to reside within the market area’s footprint to be considered in the Market Flow calculation. Units outside of the market area that are pseudo-tied into the market to serve the market area’s load will be included in the Market Flow calculation. However, units outside of the market area will not be considered when those units will have tags associated with their transfers (i.e., where pseudo-tie does not exist). Additionally, there may be situations where the participation of a generator in the market that is not modeled as a pseudo-tie may be less than 100% (e.g., a unit jointly owned in which not all of the owners are participating in the market). This situation occurs when the generator output controlled by the non-participating parties is represented as interchange with a corresponding tag(s) and not as a pseudo-tie generator internal to each party’s Control Area. Except for the generator output represented by qualifying interchange transactions from jointly owned units described in the following paragraph, such situations will be addressed by including the generator output in that Market-Based Operating Entity’s Market Flow calculation with the amount of generator output not participating in the market being scaled down within the Market- Based Operating Entity’s region or regions in accordance with one of the following three methodologies described and defined below in Section 4.1.1: the Marginal Zone Method, POR- POD Method, or Slice-of-System Method. When a jointly owned unit, which is also listed as a Designated Network Resource for the Historic Firm Flow calculation, participates in more than one market, and the generator output from that unit between the two markets is represented as interchange with a corresponding tag(s) that is accounted for by the IDC and not as a pseudo-tie generator internal to each market’s Control Area, its modeling in the Market Flow calculation will be aligned with that in the Historic Firm Flow calculation. The amount of generator output from that unit scheduled between the two markets will be treated as a unit- specific export tagged transaction in the Market Flow calculation of the Market-Based Operating Entity where the generator is located and will be treated as a load-specific import tagged transaction in the Market Flow calculation of the other Market-Based Operating Entity. • For exports out of one market area associated with the jointly owned unit(s), the...
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Methodologies to Account for Tagged Transactions. A Market-Based Operating Entity shall choose one of the following methodologies to account for export and import tagged transactions in the Market Flow calculation utilized for Market-to- Market, and shall also use the same methodology to account for export and import tagged transactions in the Firm Flow Limit and Firm Flow Entitlement calculations, as well as calculated tag impacts by the IDC: 1. Point-of-receipt (POR) / point-of-delivery (POD) Method (POR-POD Method) - Export tagged transactions, excluding tagged transactions associated with jointly owned units participating in more than one market shall be accounted for based on the POR of the transmission service reservation, as the transmission service was originally sold, that is listed on the export tagged transaction by proportionally offsetting the MW output of all units (i) in the Market-Based Operating Entity’s Control Area, (ii) pre-integration NERC- recognized Control Area(s), or (iii) sub-regions within its Control Area. Import tagged transactions, excluding tagged transactions associated with jointly owned units participating in more than one market shall be accounted for based on the POD of the transmission service reservation, as the transmission service was originally sold, that is listed on the export tagged transaction by proportionally offsetting the MW load of all load buses (i) in the Market Based Operating Entity’s Control Area, (ii) pre-integration NERC-recognized Control Area(s), or (iii) sub-regions within the Control Area; or 2. Marginal Zone Method – Export tagged transactions, excluding tagged transactions associated with jointly owned units participating in more than one market shall be accounted for by adjusting the MW output of the units in the Market-Based Operating Entity’s Control Area, regions, or sub regions within its Control Area by the total MW amount of all the Market-Based Operating Entity’s export tagged transactions excluding tagged transactions associated with jointly owned units participating in more than one market using: (1) marginal zone participation factors, as defined and calculated in Appendix B (Determination of Marginal Zone Participation Factors); and (2) the anticipated availability of a generator to participate in the interchange of the marginal zone. Import tagged transactions, excluding tagged transactions associated with jointly owned units participating in more than one market shall be accounted for by adjusting the MW load of the load buses in...
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Methodologies to Account for Tagged Transactions. A Market-Based Operating Entity shall choose one of the following methodologies to account for export and import tagged transactions in the Market Flow reported to the IDC and utilized for market-to-market, and shall also use the same methodology to account for export and import tagged transactions in the Firm Flow Limit and Firm Flow Entitlement calculations, as well as calculated tag impacts by the IDC:
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Related to Methodologies to Account for Tagged Transactions

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  • Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to clauses (ii), (iii) and (xii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in subsection 6.1(v)). Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize GAAP as in effect on the date of determination, applied in a manner consistent with that used in preparing the financial statements referred to in subsection 5.3. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and Company, Administrative Agent or Requisite Lenders shall so request, Administrative Agent, Lenders and Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation statements provided for in subsection 6.1(v).

  • Contractual Settlement Date Accounting (a) Bank shall effect book entries on a "contractual settlement date accounting" basis as described below with respect to the settlement of trades in those markets where Bank generally offers contractual settlement day accounting and shall notify Customer of these markets from time to time.

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  • Are There Different Types of IRAs or Other Tax Deferred Accounts? Yes. Upon creation of a tax deferred account, you must designate whether the account will be a Traditional IRA, a ▇▇▇▇ ▇▇▇, or a ▇▇▇▇▇▇▇▇▇ Education Savings Account (“CESA”). (In addition, there are Simplified Employee Pension Plan (“SEP”) IRAs and Savings Incentive Matched Plan for Employees of Small Employers (“SIMPLE”) IRAs, which are discussed in the Disclosure Statement for Traditional IRAs). • In a Traditional IRA, amounts contributed to the IRA may be tax deductible at the time of contribution. Distributions from the IRA will be taxed upon distribution except to the extent that the distribution represents a return of your own contributions for which you did not claim (or were not eligible to claim) a deduction. • In a ▇▇▇▇ ▇▇▇, amounts contributed to your IRA are taxed at the time of contribution, but distributions from the IRA are not subject to tax if you have held the IRA for certain minimum periods of time (generally, until age 59½ but in some cases longer). • In a ▇▇▇▇▇▇▇▇▇ Education Savings Account, you contribute to an IRA maintained on behalf of a beneficiary and do not receive a current deduction. However, if amounts are used for certain educational purposes, neither you nor the beneficiary of the IRA are taxed upon distribution. Each type of account is a custodial account created for the exclusive benefit of the beneficiary – you (or your spouse) in the case of the Traditional IRA and ▇▇▇▇ ▇▇▇, and a named beneficiary in the case of a ▇▇▇▇▇▇▇▇▇ Education Savings Account. U.S. Bank, National Association serves as Custodian of the account. Your, your spouse’s or your beneficiary’s (as applicable) interest in the account is nonforfeitable.