Parties have two years to audit and dispute bills. If one party has a reasonable basis for questioning the other party s creditworthiness or ability to perform, that party may require the other party to provide a letter of credit, a cash prepayment, collateral or security, a guarantee agreement, or some other mutually agreeable method of assuring performance. Netting of payments is not required but is allowed. If its counter-party has signed the netting agreement, then the parties will net. The members that have agreed to net will be posted on the WSPP homepage.
Seller is liable for taxes to the delivery point.
Purchaser is liable for taxes from the delivery point. Terms of transactions shall be confidential unless disclosure is required in a regulatory proceeding or in any other litigation, must be provided to NERC or a regional reliability council, or the parties agree to allow disclosure. Performance, Title, and Warranties. Purchaser s obligation is to receive and purchase at the delivery point in accordance with the WSPP Agreement and applicable confirmation agreement. Title to and risk of loss shall pass to purchaser at the delivery point.