Calculation of Annual Flexible Surplus/Deficit Sample Clauses

Calculation of Annual Flexible Surplus/Deficit. For each Transfer Period, the Annual Flexible Surplus/Deficit will be determined, for the purposes of this Agreement, as follows: 9.1.1. the total stored energy at B.C. Hydro’s large basin reservoirs at the end of the Transfer Period; less 9.1.2. the total stored energy at B.C. Hydro’s large basin reservoirs at the beginning of the Transfer Period; less 9.1.3. the net scheduled imports into British Columbia at the British Columbia- United States border during the Transfer Period; plus 9.1.4. the net scheduled third-party imports into British Columbia at the British Columbia-United States border during the Transfer Period, as may be adjusted to appropriately account for net third-party imports occurring within British Columbia; less 9.1.5. the net scheduled imports into British Columbia at the British Columbia- Alberta border during the Transfer Period; plus 9.1.6. the net scheduled third-party imports into British Columbia at the British Columbia-Alberta border during the Transfer Period, as may be adjusted to appropriately account for net third-party imports occurring within British Columbia; less 9.1.7. any electricity purchased in British Columbia by Powerex and sold to B.C. Hydro, including for greater certainty electricity purchased from B.C. Hydro under Sections 5.1 or 5.2 of the Agreement or from independent power producers or other entities; plus 9.1.8. the aggregate amount of Scheduled Non-Flexible Quantities to B.C. Hydro during the Transfer Period; less 9.1.9. the aggregate amount of Scheduled Non-Flexible Quantities to Powerex during the Transfer Period; less 9.1.10. the net amount of electricity scheduled by Powerex to satisfy B.C. Hydro’s obligations under Interutility Agreements.