R2013-80 AUTHORIZING SERVICE AGREEMENT FO SUPPLY OF ELECTRICITY

Home Browse Search

HOMEFIELD E N E R G Y DD. "Term"is defined in Section&A of this Agreement. EE. "Terms and Conditions"is defined in Section 5.13 of this Agreement. ARTICLE 3:TERM A. Term of Agreement. This Agreement commences on the date first written above, provided however, the supply service to Aggregation Members shall not commence until the Utility's confirmation of Member enrollment with Homefield and shall continue through the (month) Tune, 20t6 billing cycle, unless the Utility's BGS-1 default rate is less than the Retail Power Price. Should the Utility's BGS-1 default rate be less than the Retail Power Price, then Aggregator shall notify Homefield of its Intent to either continue service from Homefield at the Retail Power Price; terminate the Agreement; or request that Homefield present an alternate proposal to ensure that Aggregation Members are charged the lower of the Retail Power Price or the Utility's BGS-1 default rate. Calculation of the Utility's BGS-1 default rate shall be in accordance with Paragraph Homefieid shall have the right to decline to accept a request for a lower price equal to or lesser than the Utilities BGS-1 default rate. To the extent this contract i succeeds an earlier aggregation program agreement with Homefield, this contract shall not commence until such time as the term of the preceding agreement has expired. B. Comparison of Retail Power PrIge to Utility's BGS-1 default rate. The calculation of the Utility's BGS-1 default rate shall utilize the annually weighted average of the BGS-1 supply rates across all Utility rate zones; the cost of transmission service applicable to customers taking service under the Utility's BGS-1 tariff; and the charges related to the Utility's annual f procurement of capacity and energy (supply cost adjustments). The comparison calculation will exclude from the Utility's BGS default rate any charges or credits associated with the Utility's true up of its supply costs (purchased electricity adjustment); and will exclude from the Retail Power Price the costs for additional renewable energy contracted for by the Aggregator above the applicable State of Illinois requirements; and any additional fees charged to Aggregation Members and remitted to the Aggregator or the Aggregation Consultant. C. Extension. Aggregator and Homefield may extend the Term of this Agreement for additional periods of time by written mutual agreement approved and executed by each of them (each an "Extended Term"). Any such extension may, among other things, provide for an opportunity to refresh the price. Any price modification in an Extended Term shall require Homefield issuance of a new opt-out notice for the Extended Term to all Aggregation Members. Nothing in this Article related to the Term, or the possibility of agreement to an Extended Term, may be construed or applied in any manner to create any expectation that any right or authority related to this Agreement granted Aggregator to Homefield shall continue beyond the Term or an approved Extended Term. D. Notification. In the event Aggregator decides either (a) the Aggregation Program will terminate upon expiration, or (b) that that it would like to renew the Aggregation Program, but with an alternative retail electric supplier other than Homefield, then Aggregator must provide notice to Homefield at least 90 days prior to the first expiration date with any Aggregation Member who has completed the (month)Zr"e. 2016 billing cycle. In the event Notification is not received in a timely manner, the Parties will negotiate an extension for a price no later than 4