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Pennsylvania Order Substituting LMP Servicer

Category:
Pennsylvania Bankruptcy - Official - Western District
State:
Pennsylvania
Control #:
PA-SKU-0447
Format:
PDF
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Description

Order Substituting LMP Servicer The Pennsylvania Order Substituting LMP Service is a regulatory order issued by the Pennsylvania Public Utility Commission (PUC) that allows the LMP Service to act on behalf of an electric utility provider in cases where the utility is unable to meet its obligations as a market participant. The order is designed to ensure that the electricity market remains competitive and that customers receive fair and equitable treatment. There are two types of Pennsylvania Order Substituting LMP Service: Type I and Type II. Type I orders are used when the utility is unable to act as a market participant due to bankruptcy, financial distress, or other reasons. Type II orders are used when the utility is unable to act as a market participant due to operational issues. The order allows the LMP Service to fulfill the utility's obligations, including the payment of invoices and the submission of bids into the electricity market. The order also provides a mechanism for the LMP Service to receive compensation for its services.

The Pennsylvania Order Substituting LMP Service is a regulatory order issued by the Pennsylvania Public Utility Commission (PUC) that allows the LMP Service to act on behalf of an electric utility provider in cases where the utility is unable to meet its obligations as a market participant. The order is designed to ensure that the electricity market remains competitive and that customers receive fair and equitable treatment. There are two types of Pennsylvania Order Substituting LMP Service: Type I and Type II. Type I orders are used when the utility is unable to act as a market participant due to bankruptcy, financial distress, or other reasons. Type II orders are used when the utility is unable to act as a market participant due to operational issues. The order allows the LMP Service to fulfill the utility's obligations, including the payment of invoices and the submission of bids into the electricity market. The order also provides a mechanism for the LMP Service to receive compensation for its services.

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