antic Time. Calendar Day : Any day including Saturday, Sunday, or a holiday. Credit Assurance : Collateral in the form of cash, a Letter(s) of Credit, or other security acceptable to NS Power. Credit Rating : With respect to an entity, the...
AI summary The text defines key terms related to credit assurance, confidentiality, and customer information in the context of energy services. It outlines what constitutes confidential information and excludes certain types of information from being classified as such. The definitions are relevant to regulatory and operational practices.
19.0 CREDIT ASSURANCE - 19.1 An LRS must provide, in advance, Credit Assurance as security for the payment and performance of the LRS' obligations to NS Power, including payment for the LRS Tariffed Services and payment of the DT Charges,...
AI summary This section outlines the credit assurance requirements for Licensed Retail Suppliers (LRS) under NS Power. LRS must provide credit assurance in advance, equal to 200% of forecasted payments, and failure to comply may result in default. NS Power may draw on the credit assurance in the event of a default and may require additional assurance if needed. The LRS is responsible for the costs of a letter of credit and any associated delays.