Buyer FERC Approvals

Buyer FERC Approvals. Means (i) the approval of the FERC under Section 203 of the Federal Power Act authorizing transfer of the LLC Interests to Buyer, (ii) the approval of the FERC under Section 205 of the Federal Power Act authorizing the rates to be charged for the sale of electric energy by each of the LLCs, and (iii) the certification by the FERC of the Facilities as "exempt wholesale generators" under the Energy Policy Act of 1992 and applicable FERC... regulations, all obtained in accordance with the requirements of Section 7.9(c). View More