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PCG » Topics » 12.3. Incentives and Penalty Revenues.

This excerpt taken from the PCG 10-K filed Feb 18, 2005.

12.3. Incentives and Penalty Revenues.

        The ISO, in consultation with the Participating TOs, shall develop standards and a mechanism for paying to and collecting from Participating TOs incentives and penalties that may be assessed by the ISO. Such standards and mechanism shall be filed with FERC and shall become effective upon acceptance by FERC.

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