Revisions to the OATT Clause Samples

Revisions to the OATT. The CTS Conforming Revisions include changes to the ISO-NE Open Access Transmission Tariff, which is Section II of the ISO-NE Tariff. The revisions to the OATT are necessary to distinguish the different scheduling and curtailment rules for External Transactions on the CTS (i.e., the New York Northern AC interface) and non- CTS interfaces, and reflect other conforming, non-substantive clean-up changes. Specifically, the revisions modify Section II.44 (Scheduling and Curtailment Rules) to recognize the treatment applicable to the CTS Enabled Interface. To improve readability and avoid confusion, the revisions also separate Section II.44 into three subsections such that the scheduling and curtailment rules that are applicable to External Transactions on non- CTS Enabled Interfaces are set out in subsection II.44(1), the rules applicable to External Transactions on CTS Enabled Interfaces are provided in subsection II.44(2), and the terms and conditions that are equally applicable to both CTS and non-CTS external interfaces are reflected in subsection II.44(3). Although restructured, for the most part, the existing provisions in Section II.44 remain intact. The CTS Conforming Revisions introduce new language in subsection II.44(2) to provide for External Transactions on the CTS external interface to be scheduled and curtailed on the basis of economic merit order, and ties within economics are to be reduced on a pro-rata basis. The revisions also include the following non-substantive, clean-up changes in subsections II.44(1) and II.44(3): • Add reference to MEPCO Grandfathered Transactions in subsection II.44(1)(a) to improve transparency in the treatment of those transactions; • Delete the examples provided in subsections II.44(1)(b)-(d) as unnecessary since transmission provisions elsewhere in the OATT define which external interfaces require advance physical reservations; • Replace “ISO System Rules and this OATT” terminology in subsection II.44(1)(f) with “ISO New England Operating Documents”, as the more appropriate defined term; • Reflect appropriate cross-reference of the subsections consistent with the reorganization of Section II.44; and • Conforming changes to Schedule 2 (Reactive Supply and Voltage Control Service) of the OATT, to conform to the CTS design element of eliminating transaction fees by removing CTS reserved capacity from the current Through or Out and Regional Network Service allocation of the VAR charges. In addition, the CTS Conforming ...
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Related to Revisions to the OATT

  • Amendments to the Original Agreement (a) of the Original Agreement is hereby deleted and replaced in its entirety to read as follows:

  • Modifications to the Agreement This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee expressly warrants that he or she is not executing this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company.

  • Amendments to the Form of Adr SECTION 3.01. All references in the form of ADR to the number of Shares represented by each ADS is amended to reflect that each ADS represents two Shares. SECTION 3.03. The form of ADR, reflecting the amendments set forth herein, is amended and restated to read as set forth as Exhibit A hereto.

  • Other Provisions Applicable to Adjustments The following provisions shall be applicable to the making of adjustments of the number of shares of Common Stock into which this Warrant is exercisable and the Current Warrant Price provided for in Section 4:

  • Amendments to the Agreement Except to the extent permitted by the Investment Company Act or the rules or regulations thereunder or pursuant to exemptive relief granted by the SEC, this Agreement may be amended by the parties only if such amendment, if material, is specifically approved by the vote of a majority of the outstanding voting securities of the Portfolio (unless such approval is not required by Section 15 of the Investment Company Act as interpreted by the SEC or its staff or unless the SEC has granted an exemption from such approval requirement) and by the vote of a majority of the Independent Trustees cast in person at a meeting called for the purpose of voting on such approval. The required shareholder approval shall be effective with respect to the Portfolio if a majority of the outstanding voting securities of the Portfolio vote to approve the amendment, notwithstanding that the amendment may not have been approved by a majority of the outstanding voting securities of any other Portfolio affected by the amendment or all the Portfolios of the Trust.