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NOTICE OF INTENT TO ISSUE A TERMINATION ORDER PDF Print E-mail
Written by Market Operator   
Wednesday, 04 September 2019 07:08

NOTICE OF INTENT TO ISSUE A TERMINATION ORDER

TERMINATING THE RIGHTS OF KANO ELECTRICITY DISTRIBUTION COMPANY IN LINE WITH MARKET RULES 45.4

WHEREAS:

1. That Kano Electricity Distribution Company (KEDCO) is under suspension through Market Operator issued Orders TCN/ISO/MO/005 and TCN/ISO/MO/009.

2. That KEDCO has not remedied two Event of Defaults (Lack of Adequate Security Cover and Default in Payment of May 2019 invoice) which triggered the issuance of Suspension Orders TCN/ISO/MO/2019/005 & TCN/ISO/MO/2019/009.

3. Market Rules 45.4.1 states that:

 

Upon the occurrence of any of the events specified in paragraphs (a) and (b), the Market Operator may issue a Termination Order, terminating the rights of a Suspended Participant who is subject to a Suspension Order under which that Participant’s right to participate in the Market Operator Administered Market has been suspended. The events upon which a Termination Order pursuant to this Rule 45.4.1 may be issued are:
Last Updated on Wednesday, 04 September 2019 09:36
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Kano EDC Second Suspension Order PDF Print E-mail
Written by Administrator   
Tuesday, 20 August 2019 14:25

KANO EDC Second Suspension

1. The Independent System Operator, on behalf of the Market Operator, entered into a Market

Participation Agreement with Kano Electricity Distribution PLC (KEDCO) on the 6th of February

2015.

2. In the signed Market Participation Agreement, KEDCO agreed to at all times be compliant with

the provisions of Clause 3.2 reproduced below:

The Participant shall in accordance with the provisions of the Market Rules, Grid Code, Metering Code and the Market Procedures be compliant at all times, particularly by:

i. Providing metering information in a timely manner and in the approved format in accordance with the Metering Code and the market procedures.

ii. Security Deposit when so required of an amount established by Market Operator to serve as a form of guarantee of payment for all amounts due

from the Participant to the Market Operator.

iii. Settling in a timely manner any payment due

Last Updated on Tuesday, 20 August 2019 15:04
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KANO EDC DISCONNECTION ORDER PDF Print E-mail
Written by Market Operator   
Thursday, 25 July 2019 02:46

TRANSMISSION COMPANY OF NIGERIA (TCN)

INDEPENDENT SYSTEM OPERATOR

Order No: TCN/ISO/MO/2019/006

Before the Market Operator, Independent System Operator, Transmission Company of Nigeria.

In the matter of non-compliance with the conditions of Market Rules and Market Participation Agreements.

WHEREAS:

1. That Kano Electricity Distribution Company (KEDCO) is under suspension through Market Operator issued Order TCN/ISO/MO/005.

2. That Kano Electricity Distribution Company (KEDCO) has been suspended from the Market Operator Administered Market due to an EVENT OF DEFAULT that was not remedied. KEDCO was notified of this EVENT OF DEFAULT by a NOTICE OF EVENT OF DEFAULT (NED/2019/004) dated July 9TH, 2019.

3. In line with Section 45.3.7 of the Market Rules KEDCO was issued a “Notice of Intent to Issue Suspension Order

Last Updated on Thursday, 25 July 2019 03:01
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KANO EDC SUSPENSION ORDER PDF Print E-mail
Written by Market Operator   
Thursday, 25 July 2019 02:38

TRANSMISSION COMPANY OF NIGERIA(TCN)

INDEPENDENT SYSTEM OPERATOR


ORDER NO: TCN/ISO/MO/2019/005

BEFORE THE MARKET OPERATOR, INDEPENDENT SYSTEM OPERATOR, TRANSMISSION COMPANY OF NIGERIA

IN THE MATTER OF NON-COMPLIANCE WITH THE CONDITIONS OF MARKET RULES AND MARKET PARTICIPATION AGREEMENTS.

WHEREAS:

1.The Independent System Operator, on behalf of the Market Operator, entered into a Market Participation Agreement with Kano Electricity Distribution PLC (KEDCO) on the 6th of February 2015.

2.In the signed Market Participation Agreement, KEDCO agreed to at all times be compliant with the provisions of Clause 3.2 reproduced below:

The Participant shall in accordance with the provisions of the Market Rules, Grid Code, Metering Code and the Market Procedures be compliant at all times, particularly by:

Last Updated on Thursday, 25 July 2019 03:02
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Notice of Lifting Suspension and Disconnection Order 002-003 for EEDC PDF Print E-mail
Written by Onem Public Affairs   
Friday, 05 July 2019 18:00

TRANSMISSION COMPANY OF NIGERIA (TCN)

INDEPENDENT SYSTEM OPERATOR

Notice of Lifting Suspension Order

(Order: TCN/ISO/MO/2019/002)

&

Notice of Lifting Disconnection Order

(Order: TCN/ISO/MO/2019/003)

issued against Enugu Electricity Distribution Company

Before the Market Operator, Independent System Operator, Transmission Company of Nigeria.

In the matter of non-compliance with the Market Rules and Market Participation Agreements.

WHEREAS:

  1. Enugu Electricity Distribution Company (EEDC) was suspended from the Market Operator Administered Market due to an EVENT OF DEFAULT. EEDC was notified of this EVENT OF DEFAULT by a NOTICE OF EVENT OF DEFAULT (NED/2019/002) dated May 24, 2019.

Last Updated on Friday, 05 July 2019 21:45
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Lifting of Suspension Order against EKEDC PDF Print E-mail
Written by Onem Public Affairs   
Wednesday, 03 July 2019 21:51

TRANSMISSION COMPANY OF NIGERIA (TCN)

INDEPENDENT SYSTEM OPERATOR

Notice of Lifting Suspension Order

(Order: TCN/ISO/MO/2019/001)

Issued against Eko Electricity Distribution Company Before the Market Operator, Independent System Operator,

Transmission Company of Nigeria.

In the matter of non-compliance with the conditions of Market Rules and Market Participation Agreements.

WHEREAS:

1. Eko Electricity Distribution Company (EKEDC) was suspended from the Market Operator Administered Market due to an EVENT OF DEFAULT. EKEDC was noticed of this EVENT OF DEFAULT by a NOTICE OF EVENT OF DEFAULT (NED/2019/001) dated May 24, 2019.

Last Updated on Thursday, 04 July 2019 04:48
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