Costs Per Barrel. In addition to the payment of predetermined costs established in Section 3.A, the NYISO shall pay to TC Ravenswood: (i) the commodity costs of Fuel Oil burned in compliance with I-R3 to the extent they exceed the commodity costs of burning natural gas as provided in Section 4.1.9 of the NYISO Services Tariff including applicable taxes and emission allowance fees not included in TCR’s reference bid; and (ii) operations and maintenance (“O&M”) expenses, which shall be calculated by multiplying a fixed rate defined for each Capability Year times the number of barrels of Fuel Oil burned in each month to provide Minimum Oil Service. The rates for O&M expenses under this TCR Minimum Oil Burn Agreement are as follows: Initial Capability Year $0.45/bbl Second Capability Year $0.45/bbl Third Capability Year $0.45/bbl
Appears in 5 contracts
Samples: Minimum Oil Burn Agreement, Minimum Oil Burn Agreement, Minimum Oil Burn Agreement
