Southwest Power Pool Clause Samples

The "Southwest Power Pool" clause defines the specific regional transmission organization (RTO) known as the Southwest Power Pool (SPP) and its relevance within the agreement. This clause typically clarifies that certain obligations, rights, or procedures apply specifically to transactions, facilities, or operations governed by the SPP, such as scheduling power delivery or complying with SPP market rules. Its core function is to ensure that all parties understand when and how the terms of the agreement are subject to the rules and jurisdiction of the SPP, thereby reducing ambiguity and aligning contractual obligations with regional regulatory requirements.
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Southwest Power Pool. In the Application, NorthWestern indicated that it intended to join the Southwest Power Pool (“SPP”) and requested adjustment to its Delivered Cost of Energy and Delivered Cost of Fuel adjustment clauses to accommodate participation in SPP. Each of the existing clauses shall be modified as described below upon NorthWestern joining SPP.
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Southwest Power Pool a. SPP shall have accepted and approved an amendment to Attachment H of the Open Access Transmission Tariff, permitting the collection of charges on behalf of Buyer b. SPP shall have approved and executed the IA Assignment Agreements.
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Southwest Power Pool. Membership Agreement
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Related to Southwest Power Pool

  • INVESTMENT POWERS Pursuant to Section 10.03[F] of the Plan, the aggregate investments in qualifying Employer securities and in qualifying Employer real property: (Choose (a) or (b)) [ ] (a) May not exceed 10% of Plan assets. [X] (b) May not exceed 100% of Plan assets. [Note: The percentage may not exceed 100%.]

  • Organization; Power; Qualification Each of the Borrower, the other Loan Parties and the other Subsidiaries is a corporation, partnership or other legal entity, duly organized or formed, validly existing and in good standing under the jurisdiction of its incorporation or formation, has the power and authority to own or lease its respective properties and to carry on its respective business as now being and hereafter proposed to be conducted and is duly qualified and is in good standing as a foreign corporation, partnership or other legal entity, and authorized to do business, in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization and where the failure to be so qualified or authorized could reasonably be expected to have, in each instance, a Material Adverse Effect.

  • Organization; Corporate Powers The Borrower and each of its Subsidiaries (i) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is duly qualified to do business and is in good standing under the laws of each jurisdiction in which failure to be so qualified and in good standing could not reasonably be expected to have a Material Adverse Effect and (iii) has all requisite corporate power and authority to own, operate and encumber its property and to conduct its business as presently conducted and as proposed to be conducted.

  • Statutory Powers For the purposes of all powers implied by statute the Secured Obligations shall be deemed to have become due and payable on the date of this Assignment.

  • Police Powers The Grantee agrees to comply with the terms of any lawfully adopted generally applicable local ordinance necessary to the safety, health, and welfare of the public, to the extent that the provisions of the ordinance do not have the effect of limiting the benefits or expanding the obligations of the Grantee that are granted by this Franchise. This Franchise is a contract and except as to those changes which are the result of the Grantor’s lawful exercise of its general police power, the Grantor may not take any unilateral action which materially changes the mutual promises in this contract.