Common use of Bids to Furnish Installed Capability or Operable Capability Clause in Contracts

Bids to Furnish Installed Capability or Operable Capability. Each ---------------------------------------------------------------- Participant shall submit to or have on file with the System Operator, in accordance with the market operation rules approved by the Regional Market Operations Committee, one or more bids specifying the Bid Price and Kilowatt amount at which it will furnish any and all surplus Installed System Capability for a month or Operable System Capability for an hour through NEPOOL to other Participants. If no bid is submitted for a month for any surplus Installed System Capability or for any hour for any surplus Operable System Capability, the Bid Price for any such surplus for which there are no bids shall be deemed to be zero.

Bids to Furnish Installed Capability or Operable Capability. Each ---------------------------------------------------------------- Participant shall submit to or have on file with the System Operator, in accordance with the market operation rules approved by the Regional Market Operations Committee, one or more bids specifying the Bid Price and Kilowatt amount at which it will furnish any and all surplus Installed System Capability for a month or Operable System Capability for an hour through NEPOOL to other Participants. If no bid is submitted for a month for any surplus Installed System Capability or for any hour for any surplus Operable System Capability, the Bid Price for any such surplus for which there are no bids shall be deemed to be zero.