WSPP Dodd-Frank Presentation

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<strong>WSPP</strong> Agreement Transaction As Forward Contract With Embedded Volumetric Optionality • Service Schedule A – energy is sold only to the extent seller determines to deliver or buyer agrees to take delivery – the factors influencing these decisions could be physical or regulatory, but they also could be purely economic – Discussion Point: is this optionality consistent with the forward contract exclusion? © Wright & Talisman, P.C. All rights reserved. www.wrightlaw.com 18
<strong>WSPP</strong> Agreement Transaction As Forward Contract With Embedded Volumetric Optionality • Service Schedule B – the factors for curtailing the delivery amount mostly seem consistent with the forward contract exclusion (e.g., physical = output is reduced, emergency, etc. and regulatory = need to meet public utility obligations) – Discussion Point: but do the recall provisions create an optionality that is inconsistent with the forward contract exclusion? © Wright & Talisman, P.C. All rights reserved. www.wrightlaw.com 19
Page 1 and 2: Dodd-Frank Swap Regulations and the
Page 3 and 4: Overview of the Swap Regulations
Page 5 and 6: Overview of the Swap Regulations (c
Page 11 and 12: WSPP Agreement Transaction As Forwa
Page 17: WSPP Agreement Transaction As Forwa
Page 23 and 24: WSPP Agreement and the End-User Exc
Page 25: Contact For more information, pleas

WSPP Dodd-Frank Presentation

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