2024 DRAM RFO Pro Forma Demand Response Auction Mechanism Resource Purchase Agreement - Pro Forma Purchase Agreement

Aug 31, 2026

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2024 DRAM RFO pro forma demand response auction mechanism resource purchase agreement defining the contract framework between a seller and Southern California Edison Company. It covers product purchase and sale, contract term and delivery period, seller designation and monthly quantities, demonstrated capacity, and minimum dispatch requirements, as well as CPUC approval, seller obligations, indemnities, payment and invoicing, credit and collateral, special terms, representations and warranties, notices, default and termination, dispute resolution, indemnification, and limitation of remedies, liability, and damages.

LanguageEnglish

CategoryForms

FormatDOCX

Pages89

Reading Time31 min

AccessFree to download

Article 1. TRANSACTION

1.1. Purchase and Sale of the Product

1.2. Term

1.3. Delivery Period

1.4. Seller’s Designation of the DRAM Resource

1.5. Monthly Contracted Quantity and Corresponding Contract Price

1.6. Demonstrated Capacity

1.7. Minimum Energy Dispatch Requirements

Article 2. CPUC Approval

2.1. Obtaining CPUC Approval

2.2. CPUC Approval Termination Right

Article 3. SELLER OBLIGATIONS

3.1. Delivery of Product

3.2. Resource Adequacy Benefits

3.3. Provision of Information

3.4. Seller’s Obligations

3.5. Indemnities for Failure to Perform.

Article 4. PAYMENT AND BILLING

4.1. Delivered Capacity Payment

4.2. Invoice and Payment Process

4.3. Allocation of Other CAISO Payments and Costs

Article 5. CREDIT AND COLLATERAL

5.1. Seller’s Credit and Collateral Requirements

5.2. Grant of Security Interest/Remedies

5.3. Reduction and Substitution of Performance Assurance

5.4. Administration of Performance Assurance

5.5. Exercise of Rights against Performance Assurance

5.6. Financial Information

5.7. Access to Financial Information

5.8. Uniform Commercial Code Waiver

Article 6. SPECIAL TERMS AND CONDITIONS

6.1. Limitation of Liability

6.2. Buyer Provision of Information

6.3. Changes in Applicable Laws

6.4. DBE Reporting

6.5. Governmental Charges

6.6. Customers in Buyer Automated Demand Response Program

Article 7. REPRESENTATIONS, WARRANTIES AND cOVENANTS

7.1. Representations and Warranties of Both Parties

7.2. Additional Seller Representations, Warranties and Covenants

Article 8. NOTICES

8.1. Notices

8.2. Contact Information

Article 9. EVENTS OF DEFAULT; TERMINATION

9.1. Events of Default

9.2. Early Termination

9.3. Termination Payment

9.5. Suspension of Performance

9.6. Rights and Obligations Surviving Termination or Expiration

Article 10. DISPUTE RESOLUTION

10.1. Dispute Resolution

10.2. Negotiation

10.3. Mediation

10.4. Arbitration

10.5. Provisional Relief

Article 11. INDEMNIFICATION

11.1. Seller’s Indemnification Obligations

11.2. Indemnification Claims

Article 12. LIMITATION OF REMEDIES, LIABILITY, AND DAMAGES

2024 DRAM RFO PRO FORMA DEMAND RESPONSE AUCTION MECHANISM RESOURCE PURCHASE AGREEMENT between [Name of sELLER] and SOUTHERN CALIFORNIA EDISON COMPANY TOC \o "1-3" \h \z \u HYPERLINK \l "_Toc62552634" Article 1. TRANSACTION PAGEREF _Toc62552634 \h 1 HYPERLINK \l "_Toc62552635" 1.1. Purchase and Sale of the Product PAGEREF _Toc62552635 \h 1 HYPERLINK \l "_Toc62552636" 1.2. Term PAGEREF _Toc62552636 \h 3 HYPERLINK \l "_Toc62552637" 1.3. Delivery Period PAGEREF _Toc62552637 \h 3 HYPERLINK \l "_Toc62552638" 1.4. Seller’s Designation of the DRAM Resource PAGEREF _Toc62552638 \h 3 HYPERLINK \l "_Toc62552639" 1.5. Monthly Contracted Quantity and Corresponding Contract Price PAGEREF _Toc62552639 \h 4 HYPERLINK \l "_Toc62552640" 1.6. Demonstrated Capacity PAGEREF _Toc62552640 \h 5 HYPERLINK \l "_Toc62552641" 1.7. Minimum Energy Dispatch Requirements PAGEREF _Toc62552641 \h 9 HYPERLINK \l "_Toc62552642" Article 2. CPUC Approval PAGEREF _Toc62552642 \h 10 HYPERLINK \l "_Toc62552643" 2.1. Obtaining CPUC Approval PAGEREF _Toc62552643 \h 10 HYPERLINK \l "_Toc62552644" 2.2. CPUC Approval Termination Right PAGEREF _Toc62552644 \h 10 HYPERLINK \l "_Toc62552645" Article 3. SELLER OBLIGATIONS PAGEREF _Toc62552645 \h 10 HYPERLINK \l "_Toc62552646" 3.1. Delivery of Product PAGEREF _Toc62552646 \h 10 HYPERLINK \l "_Toc62552647" 3.2. Resource Adequacy Benefits PAGEREF _Toc62552647 \h 12 HYPERLINK \l "_Toc62552648" 3.3. Provision of Information PAGEREF _Toc62552648 \h 12 HYPERLINK \l "_Toc62552649" 3.4. Seller’s Obligations PAGEREF _Toc62552649 \h 12 HYPERLINK \l "_Toc62552650" 3.5. Indemnities for Failure to Perform. PAGEREF _Toc62552650 \h 14 HYPERLINK \l "_Toc62552651" Article 4. PAYMENT AND BILLING PAGEREF _Toc62552651 \h 15 HYPERLINK \l "_Toc62552652" 4.1. Delivered Capacity Payment PAGEREF _Toc62552652 \h 15 HYPERLINK \l "_Toc62552653" 4.2. Invoice and Payment Process PAGEREF _Toc62552653 \h 16 HYPERLINK \l "_Toc62552656" 4.3. Allocation of Other CAISO Payments and Costs PAGEREF _Toc62552656 \h 16 HYPERLINK \l "_Toc62552657" Article 5. CREDIT AND COLLATERAL PAGEREF _Toc62552657 \h 17 HYPERLINK \l "_Toc62552658" 5.1. Seller’s Credit and Collateral Requirements PAGEREF _Toc62552658 \h 17 HYPERLINK \l "_Toc62552659" 5.2. Grant of Security Interest/Remedies PAGEREF _Toc62552659 \h 17 HYPERLINK \l "_Toc62552660" 5.3. Reduction and Substitution of Performance Assurance PAGEREF _Toc62552660 \h 18 HYPERLINK \l "_Toc62552661" 5.4. Administration of Performance Assurance PAGEREF _Toc62552661 \h 19 HYPERLINK \l "_Toc62552662" 5.5. Exercise of Rights against Performance Assurance PAGEREF _Toc62552662 \h 21 HYPERLINK \l "_Toc62552663" 5.6. Financial Information PAGEREF _Toc62552663 \h 22 HYPERLINK \l "_Toc62552664" 5.7. Access to Financial Information PAGEREF _Toc62552664 \h 22 HYPERLINK \l "_Toc62552665" 5.8. Uniform Commercial Code Waiver PAGEREF _Toc62552665 \h 25 HYPERLINK \l "_Toc62552666" Article 6. SPECIAL TERMS AND CONDITIONS PAGEREF _Toc62552666 \h 25 HYPERLINK \l "_Toc62552667" 6.1. Limitation of Liability PAGEREF _Toc62552667 \h 25 HYPERLINK \l "_Toc62552668" 6.2. Buyer Provision of Information PAGEREF _Toc62552668 \h 25 HYPERLINK \l "_Toc62552669" 6.3. Changes in Applicable Laws PAGEREF _Toc62552669 \h 26 HYPERLINK \l "_Toc62552670" 6.4. DBE Reporting PAGEREF _Toc62552670 \h 26 HYPERLINK \l "_Toc62552671" 6.5. Governmental Charges PAGEREF _Toc62552671 \h 27 HYPERLINK \l "_Toc62552672" 6.6. Customers in Buyer Automated Demand Response Program PAGEREF _Toc62552672 \h 27 HYPERLINK \l "_Toc62552673" Article 7. REPRESENTATIONS, WARRANTIES AND cOVENANTS PAGEREF _Toc62552673 \h 28 HYPERLINK \l "_Toc62552674" 7.1. Representations and Warranties of

FAQs

What does Article 1 specify in the agreement?

Article 1 sets the transaction structure, including the purchase and sale of the product, the term, delivery period, seller designation of the DRAM resource, monthly contracted quantity and price, demonstrated capacity, and minimum energy dispatch requirements.

How does the agreement address regulatory approval?

Article 2 covers obtaining CPUC approval and includes a CPUC approval termination right, defining how the approval affects the agreement.

What happens in case of default or termination?

Article 9 defines events of default, early termination, termination payment, suspension of performance, and which rights and obligations survive termination or expiration.

Aug 31, 2026

Upload by Aurora