What is the mobile sierra doctrine?
v. Mobile Gas Service Corp. established the Mobile-Sierra doctrine, which holds that an electricity or natural gas supply rate established resulting from a freely negotiated contract is presumed to be “just and reasonable” and thus acceptable under the FPA or Natural Gas Act (NGA).
What is a Naesb contract?
NAESB Contract means the Base Contract for the Sale and Purchase of Natural Gas published by the North American Energy Standards Board, Inc. Sample 2. Sample 3. NAESB Contract means that certain Base Contract for Sale and Purchase of Natural Gas, dated March 1, 2019, by and between Seller and SENA.
What is Naesb?
The North American Energy Standards Board (NAESB) serves as an industry forum for the development and promotion of standards which will lead to a seamless marketplace for wholesale and retail natural gas and electricity, as recognized by its customers, business community, participants, and regulatory entities.
What is Naesb EIR?
NAESB Electric Industry Registry or “NAESB EIR” means thea central registry and repository of information required for commercial transactions that is maintained by NAESB.
Who is Naesb?
What is webRegistry?
webRegistry is a web-based system that allows industry participants to register and maintain their company information used by industry participants in business operations. In addition, companies can register new data and modify existing data that are used in transmission and scheduling procedures.
What is an umbrella ISDA?
(“ISDA”) which is used to provide certain legal and credit protection for parties who enter into over-the-counter or “OTC” derivatives transactions. The ISDA Master Agreement is an umbrella agreement which sets out the overarching terms between the parties who want to trade OTC derivatives.
What is CSA in derivatives?
A credit support annex (CSA) is a document that defines the terms for the provision of collateral by the parties in derivatives transactions. It is one of four parts of a standard contract or master agreement developed by the International Swaps and Derivatives Association (ISDA).
Can you terminate an ISDA Master Agreement?
No general termination right under the ISDA Master Agreement You can only terminate Transactions, not the master agreement construct which sits around them. The empty vessel of a closed-out ISDA thus remains for all eternity as an immortal, ineffectual husk.