Capacity Price. Capacity Price Applicable [Check only for Dispatchable product.] If not checked, this Section 4.8 is inapplicable. If checked, the Parties agree to the additional terms set forth in Appendix XIV (Additional Dispatchable Product Provisions and Capacity Price Terms).]
Capacity Price. The applicable “Capacity Price” set forth in the following table shall be used to calculate the RA Capacity Payment. The Capacity Price is unique to this agreement and specific to the Generating Facility. {Drafting Note: The prices within this table will be populated with values from the most recent Contract Price Advice Letter filed pursuant to the Decision by Buyer as of the Effective Date.} Month 1 - Peak 2 - Partial-Peak 3 - Off-Peak Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Capacity Price. The Capacity Price for each kilowatt of Contract Capacity in each Contract Year shall be as follows: Contract Year Capacity Price ($/kW-year) "Dispatched Energy" shall be the amount of Energy, in any hour, that Buyer requests Seller to deliver, pursuant to the terms and conditions of the dispatch protocol, which shall be mutually agreed by Buyer and Seller and attached as an appendix to this Agreement. In no event shall Buyer be obligated to receive or pay for, in any hour, any Delivered Energy that either exceeds the amount of Dispatched Energy for the applicable hour or that was not requested by Buyer, pursuant to the dispatch protocol. Seller shall inform Buyer whenever it knows, or has reasonable basis to believe, that the Project is not fully capable of producing Delivered Energy in the amount of the Contract Capacity in any given hour. "Available Hours" shall be defined and calculated for each month pursuant to the formula immediately below as the sum of the following: the number of hours in such month in which Buyer has not requested Dispatched Energy from the Project and in which the Project is fully capable of producing Delivered Energy in the amount of the Contract Capacity; plus, for each hour in such month in which the Project is dispatched by Buyer, the quotient resulting from dividing the amount of Delivered Energy for that hour by the amount of Dispatched Energy (provided, however, that such product amount shall never exceed precisely one).
Capacity Price. Buyer shall pay Seller a capacity payment of $250/kw-year, allocated in accordance with the monthly Capacity Payment Schedule attached hereto as Attachment B. The capacity payment shall be calculated based on the Maximum Capacity specified in section 5.a.
Capacity Price. The Capacity Price shall be $X/MW-Day for the Period of Delivery. The Capacity Price shall be payable monthly as set forth below. Energy Price: Not applicable. The Seller has no obligation to provide energy or any product other than Capacity and the Buyer has no obligation to purchase energy or any product other than Capacity. Seller must offer Capacity in the amount of the Contract Quantity (hereinafter defined) to MISO consistent with MISO Module E requirements. Contract Quantity: X MW per hour for the entire Period of Delivery. Transaction L Capacity Source: XXXXX defined by MISO as CP Node XXXXX in the most recent MISO Generation Deliverability Test Results (which currently are February 28, 2008). The CP Node for the Capacity Source shall be as defined above. However, to the extent Seller desires to change the CP Node, Seller shall provide written and verbal notice to Buyer by no later than one hour prior to the close of the MISO day-ahead energy market for the applicable delivery day. Buyer will accept this change so long as the capacity at the replacement CP Node meets the definition of Capacity listed in the Product section above. Notwithstanding the foregoing, Seller agrees that it shall use reasonable efforts to assist Buyer in complying with any resource adequacy requirements imposed by any applicable legal authority, including without limitations, the requirements and business practices of MISO, NERC, SERC, Ameren's Illinois Balancing Authority or any successor thereto, or any other applicable legal authority. Delivery Point: CP Node of the Capacity Source, which is [____________] CP Node, or the CP Node of any replacement Capacity Source as provided herein.
Capacity Price. Buyer shall pay Seller a capacity payment of $N/A/kw-year, allocated in accordance with the monthly Capacity Payment Schedule attached hereto.
Capacity Price. In return for Seller making 100 MW of electrical capacity available to Buyer on the terms and conditions contained herein, Buyer shall pay to Seller an amount for all 100 MW of capacity equal to __________ ($________) per month during the Term$12,000 per MW of capacity (the "Capacity Price").
Capacity Price. For each MISO Planning Year, the Capacity Price shall be the “Auction Clearing Price” for MISO Zone 4 (or any other MISO zone in which the output of the Units may be determined to be Joppa ZRCs) in the “MISO Planning Resource Auction” (as such terms are defined in Module A of the MISO Tariff) conducted by MISO pursuant to Module E of the MISO Tariff for such MISO Planning Year. For each of the 2013/2014, and 2014/2015 MISO Planning Years, the Capacity Price was the Auction Clearing Price for MISO Zone 4 in the MISO Planning Resource Auction for such MISO Planning Year.
Capacity Price. 16 6.3 Energy Price..............................................................................................................17 6.4 Forward Contract Confirmation................................................................................20 7. Billing and Payment.......................................................................................................................21 7.1 Billing and Payment..................................................................................................21
Capacity Price. Beginning on June 1, 2009, and ending May 31, 2010, the monthly Capacity Price shall be $650/MW-month and the Contract Capacity amount shall be 972.7. For each MISO Planning Year after May 31, 2010, the Capacity Price shall reflect a market pricing for Capacity that the Parties agree reasonably corresponds to the type of Contract Capacity provided hereunder. Each year the market price reference the Parties agree to use for calculating Capacity Price is the Illinois Power Agency ("IPA") capacity procurement process capacity price data for the Illinois Utilities for the year that corresponds to the MISO Planning Year for which capacity is being purchased hereunder (i.e. Each year the IPA procures capacity for the following three MISO Planning Years. The Parties shall only use the capacity price data for the first year of the three years of capacity data as the reference price for Contract Capacity for the upcoming MISO Planning Year.) The capacity price from the IPA capacity procurement process shall be modified as necessary to reflect: (i) differences between the type of capacity procured by the Illinois Utilities through the procurement process and the type of capacity supplied by Seller to Buyer hereunder (i.e. the capacity procured in the procurement process is fully deliverable throughout the MISO while the capacity provided by Seller has limited deliverability under the MISO Tariff); and (ii) other pricing differences that can be reasonably demonstrated by either Party to be necessary to reflect differences in the capacity provided by Seller hereunder and the capacity procured by the Illinois Utilities through the IPA procurement process. If the IPA procurement process no longer makes capacity data available, the Parties shall agree to an alternate source for market pricing for capacity that correlates to the type of capacity provide by Seller hereunder. If the Parities are unable to agree to a capacity price or to an alternate source for capacity price data, the Parties shall resolve such dispute in accordance with Section 8. Once the Parties agree on a Capacity Price and calculate the new Contract Capacity amount for a MISO Planning Year, the Parties shall codify such price and such Contract Capacity amount by executing an addendum to this Agreement.
