Buyer’s Curtailment Rights Sample Clauses
Buyer’s Curtailment Rights. (a) Notwithstanding anything to the contrary, Buyer shall have the right, in its sole and absolute discretion, to curtail some or all of the Contract Energy to be delivered from the Generating Facility to Buyer at the Energy Financial Delivery Point during any MISO Settlement Interval by:
(i) providing Seller notice of a Maximum Delivered Contract Energy for such MISO Settlement Interval by the MMP Deadline applicable with respect to such MISO Settlement Interval for the MISO Day-Ahead Energy Market; or
(ii) requiring Seller to offer the Generating Facility into the MISO Real- Time Energy Market at the Injection Point according to the energy offer curve or other specific instructions of Buyer provided to Seller by the MMP Deadline applicable with respect to such MISO Settlement Interval for the MISO Real-Time Energy Market, provided that offering the Generating Facility according to Xxxxx’s specific instructions is permitted by applicable Balancing Authority rules, procedures and protocols and other applicable Laws. Buyer may include any curtailment instructions pursuant to clause (i) above or offer instructions pursuant to clause (ii) above in the notice of Minimum Market Price described in Section 7.3(a)(iii). In the case of a Buyer curtailment pursuant to clause (ii) above, Buyer shall be deemed to have curtailed the Contract Energy, if any, that, according to the dispatch instructions from MISO resulting from implementing Buyer’s offer instructions to Seller, should not have been generated by the Generating Facility and injected at the Injection Point during such MISO Settlement Interval.
(b) Further, if both the MISO Day-Ahead Energy Market and the MISO Real- Time Energy Market clear with an LMP for any MISO Settlement Interval below the respective Minimum Market Price applicable thereto, Buyer shall be deemed to have curtailed any Contract Energy actually generated or that would have been generated by the Generating Facility and delivered to Buyer at the Energy Financial Delivery Point during such MISO Settlement Interval.
Buyer’s Curtailment Rights. 53 7.5 Deliveries of Capacity-Related Benefits, Environmental Attributes, Contract Energy and Other Electric Products 54 7.6 Interconnection and Transmission Services 55 7.7 Title and Risk of Loss 55 7.8 Financial Scheduling 56 7.9 ARR/FTR 60