Capacity Payment. The monthly capacity payment (“Capacity Payment” or “KP”) shall be calculated as follows: KPm = CPm × FQm where, CPm = Contract Price for month m; FQm = Confirmed Quantity for month m.
Capacity Payment. On the basis of the Rated Capacity, commencing on the Commercial Operation Date and for the remainder of the Term, Department shall pay Seller a payment for the Contract Capacity (the "Capacity Payment"), on a monthly basis in arrears, regardless of whether Department requests that Seller deliver Energy from the Facility. The annual Capacity Payment shall be an amount equal to $120,000/MW-yr, the monthly payments shall be as set forth in Appendix C. To the extent that the Commercial Operation Date occurs on a Day other than the first Day of a calendar month, and to the extent that the Term ends on a Day other than the last Day of a calendar month, Department shall pay the Capacity Payment on a pro-rata basis for that month. Each monthly Capacity Payment shall be reduced by $12,500 (as adjusted upward pursuant to the next succeeding sentence (the "Capacity Payment Reduction Amount"). To the extent that the application of a Capacity Payment Reduction Amount would result in a negative Capacity Payment in any month, the Capacity Payment Reduction Amounts in the next succeeding month(s) shall be increased by such negative Capacity Payment amount.
Capacity Payment. The Capacity Payment for a given Month shall be calculated as follows: Capacity Payment = OM + AG + D + IT+ OT + I Where: OM = Operations and Maintenance Expenses - those Generating Resource Expenses chargeable to Accounts 500 through 557 (excluding Accounts 501, 509, 547, and 555) as defined in the Uniform System of Accounts. AG = Administrative and General Expenses - those Generating Resource Expenses chargeable to Accounts 920 through 935 as defined in the Uniform System of Accounts. D = Depreciation consists of Generating Resource Expenses properly chargeable to Accounts 403, 404, 405 and 406 as defined in the Uniform System of Accounts. IT = Seller Federal and State Income Taxes. OT = Other Taxes - those amounts which are not based upon income, applicable to Generating Resources, and chargeable to Account 408 as defined in the Uniform System of Accounts.
Capacity Payment. 12.1.1 Beginning on the first day of the Operation Period, the Purchaser shall pay to the Seller each Month, in arrears on the thirtieth (30th)Business Day of each Month, an amount equal to the Capacity Payment in accordance with Clause 12.7.
Capacity Payment. On the basis of the Rated Capacity, commencing on the Commercial Operation Date and for the remainder of the Term, the Department shall pay the Capacity Payment, on a monthly basis in arrears, regardless of whether the Department requests that the Seller deliver Energy from the Facility. Such Capacity Payment shall be a monthly charge established not later than the Department Commitment Time for each fiscal year based on the following formula and allocated among months (shaped) on a $ per MW-mo basis as determined by the Department: The Capacity Payment = FOM + DS + RPLC FOM = fixed operation and maintenance expenses as established for such fiscal year pursuant to a Management Agreement, including amounts for insurance, fixed fuel cost components, Seller administrative costs, capital improvements or deposits to a major maintenance reserve fund less any amounts in such major maintenance reserve fund not needed for the purposes thereof. DS = [(the actual debt service payable on the Bonds) + (any other amount payable or required to be deposited pursuant to the indenture or resolution providing for the issuance of the Bonds)] - [(any credits for earnings or other amounts pursuant to the indenture or resolution providing for the issuance of the Bonds) + (in the years(s) in which the final maturit(y)(ies) of the Bonds occurs, the amount of any debt service or other reserve fund(s) held under such indenture or resolution)] during such fiscal year. RPLC = the cost of any real property lease for the Facility payable during such fiscal year. To the extent that the Facility achieves Commercial Operation on a Day other than the first Day of a calendar month, and to the extent that the Term ends on a Day other than the last Day of a calendar month, the Department shall pay the Capacity Payment on a pro-rata basis for that month.
Capacity Payment. Commencing effective with the Commercial Operation Date of the Unit, Buyer shall pay Seller (in arrears) each month during the Delivery Period the Monthly Capacity Payment (“MCP”) applicable to the Unit. The Monthly Capacity Payment shall be equal to the product of the Capacity Payment Rate (“CP”), and the then current NDC and shall be prorated on a daily basis in the event of a partial Delivery Month. The Monthly Capacity Payment for the Unit (by month) can be expressed as follows: MCP = NDC * Capacity Payment Rate where, the “Capacity Payment Rate” is the applicable rate set forth as Table 1 to this Attachment 1 which lists the Capacity Payment Rates in $/kW-Delivery Month. The “Delivery Months” are January through December and, collectively for the same calendar year, the “Annual Delivery Period”. Example for March 2002: Assume for the month of March 2002 that the Unit’s NDC is 22 MW (22,000 kW). The CP is $13.75/kW-mo. Hence, the MCP for that Delivery Month would be calculated as follows: MCP = 20,000 kW * $13.75/kW-mo = $302,500 F. Guaranteed Starting Reliability Adjustment (“GSRA”) Commencing in the first Delivery Month within which the day before the first anniversary of the COD occurs (if by such date Buyer has made at least fifty (50) start requests, and if such number of start requests have not occurred by such date, the first Delivery Month within which the fiftieth (50th) request is made), the Actual Starting Reliability Factor (“ASRF”) will be calculated each month and compared to the Unit’s Guaranteed Starting Reliability Factor (“GSRF”) to yield the Guaranteed Starting Reliability Adjustment (“GSRA”). The GSRF for the Unit shall be 95% for the term of this Agreement. The ASRF shall be calculated as the quotient of the sum of the Successful Starts made at the allowable request of Buyer occurring the in the current month plus those Successful Starts made in the most recent prior 11 months divided by the number of allowable start requests made by Buyer during the same 12-month period (the “rolling 12-month average”). If the rolling 12-month average does not include at least 50 requests for start-up, the ASRF shall be calculated from the most recent 50 start requests. For any month following the first 12 months after COD (or as soon as at least 50 starts have been requested), the GSRA shall apply only if the ASRF is less than the GSRF, as follows: GSRA = NDC * CP * (GSRF – ASRF) * Period Start-up Adjustment where, NDC is the then current Net Dem...
Capacity Payment. With respect to each Billing Cycle, Buyer shall make a payment to Seller equal to the product of: (i) the applicable "Capacity Charge" set forth in Exhibit A; (ii) the applicable Capacity Charge Shaping Factor set forth in Exhibit C; and (iii) the number of MWhs of Delivered Energy for the Billing Cycle (each, a "Capacity Payment").
Capacity Payment. Commencing on the Effective Date, Buyer shall pay Seller (in arrears) each month during the Delivery Period the Monthly Capacity Payment (“MCP”) applicable to the Unit. The Monthly Capacity Payment shall be equal to the product of the Capacity Payment Rate (“CP”), and the then current NDC and shall be prorated on a daily basis in the event of a partial Delivery Month; provided that the Monthly Capacity Payment for December 2002 shall include an additional amount equal to $226,627.36 in consideration of the adjustments due under the Prior Agreement through October, 2002. The Monthly Capacity Payment for the Unit (by month) can be expressed as follows: MCP = NDC * Capacity Payment Rate where, the “Capacity Payment Rate” is the applicable rate set forth in Table 1 to this Attachment 1 which lists the Capacity Payment Rates in $/kW-Delivery Month. The “Delivery Months” are January through December and, collectively for the same calendar year, the “Annual Delivery Period”. Example for March 2002: Assume for the month of March 2002 that the Unit’s NDC is 22 MW (22,000 kW). The CP is $13.75/kW-mo. Hence, the MCP for that Delivery Month would be calculated as follows: MCP = 22,000 kW * $13.75/kW-mo = $302,500
Capacity Payment. Buyer shall pay to Seller in arrears a monthly Capacity Payment equal to the product of the (i) Contract Quantity times (ii) $2.00 kW-month.
Capacity Payment. The capacity payment shall be an amount equal to the amount of connection fees, impact fees, or contribution-in-aid-of construction (CIAC) fees that would be payable by a customer within the 180 Service Area to reserve the requested amount of treatment capacity in the CDD’s Wastewater System at the time of the CDD’s verification to Xxxxx of existing capacity availability as provided in Section 3.4or the cost of an increase in treatment capacity as provided in Section 3.4(b)(iii). Upon delivery of a capacity payment, and confirmation by the CDD that such payment is adequate to fund design and construction of the requested treatment capacity, Xxxxx shall be deemed to own the right to the collection, transmission, treatment, and disposal of the purchased amount of capacity in the CDD’s Wastewater System. The CDD may earmark, sell, assign, or convey a portion of the purchased capacity only at the direction of Howey or with Xxxxx’x consent, which may be granted or withheld at Xxxxx’x discretion.
