Common use of Basis for Capacity Commitment Clause in Contracts

Basis for Capacity Commitment. A committing Company shall make available to a receiving Company unit capacity consisting of a portion of the output of one or more specific Generating Units. The receiving Company shall be entitled to receive Energy from the specified Generating Unit(s) up to an amount equal to an annual load factor of sixty (60) percent or such other amount as is mutually agreeable. The capacity commitment shall be for a twelve-month period or as otherwise mutually agreed.

Appears in 3 contracts

Samples: Operating Agreement (Public Service Co of Oklahoma), Operating Agreement (Southwestern Electric Power Co), Operating Agreement (American Electric Power Co Inc)

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Basis for Capacity Commitment. A committing Company shall make available to a receiving Company unit capacity consisting of a portion of the output of one or more specific Generating Units. The receiving Company shall be entitled to receive Energy from the specified Generating Unit(s) up to an amount equal to an annual load factor of sixty (60) percent or such other amount as is mutually agreeable. The capacity commitment shall be for a twelve-month period or as otherwise mutually agreed.

Appears in 2 contracts

Samples: Operating Agreement (American Electric Power Co Inc), Operating Agreement (Public Service Co of Oklahoma)

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