[NPRR817: Insert Section 3.5.2.5 below upon system implementation and renumber accordingly:] 3.5.2.5 Panhandle 345 kV Hub (Pan 345) (1) The Panhandle 345 kV Hub is composed of the following listed Hub Buses: (2) The Panhandle 345 kV Hub Price uses the aggregated Shift Factors of the Hub Buses for each hour of the Settlement Interval of the DAM in the Day-Ahead and is the simple average of the time weighted Hub Bus prices for each 15-minute Settlement Interval in Real-Time, for each Hub Bus included in this Hub. (3) The Day-Ahead Settlement Point Price of the Hub for a given Operating Hour is calculated as follows: DASPP = DASL (DAHUBSF * DASP Pan345 Pan345, c c), – if HBBC Pan345≠0 DASPP = DASPP if HBBC Pan345 ERCOT345Bus, Pan345=0 Where: DAHUBSF (HUBDF * DAHBSF Pan345, c = hb, Pan345, c hb, Pan345, c) DAHBSF (HBDF * DASF hb, Pan345, c = pb, hb, Pan345, c pb, hb, Pan345, c) / HUBDF IF(HB 0, 1 HB hb, Pan345, c = Pan345, c=0, Pan345, c) / HBDF IF(PB 0, 1 PB pb, hb, Pan345, c = hb, Pan345, c=0, hb, Pan345, c)
[NPRR817: Insert Section 3.5.2.5 below upon system implementation and renumber accordingly:] 3.5.2.5 Panhandle 345 kV Hub (Pan 345) (1) The Panhandle 345 kV Hub is composed of the following listed Hub Buses: (2) The Panhandle 345 kV Hub Price uses the aggregated Shift Factors of the Hub Buses for each hour of the Settlement Interval of the DAM in the Day-Ahead and is the simple average of the time weighted Hub Bus prices for each 15-minute Settlement Interval in Real-Time, for each Hub Bus included in this Hub. (3) The Day-Ahead Settlement Point Price of the Hub for a given Operating Hour is calculated as follows: DASPP Pan345 = DASL – (DAHUBSF Pan345, c * DASP c), if HBBC Pan345≠0 DASPP Pan345 = DASPP ERCOT345Bus, if HBBC Pan345=0 Where: DAHUBSF Pan345, c = (HUBDF hb, Pan345, c * DAHBSF hb, Pan345, c) DAHBSF hb, Pan345, c = (HBDF pb, hb, Pan345, c * DASF pb, hb, Pan345, c) HUBDF hb, Pan345, c = IF(HB Pan345, c=0, 0, 1 / HB Pan345, c) HBDF pb, hb, Pan345, c = IF(PB hb, Pan345, c=0, 0, 1 / PB hb, Pan345, c)