Common use of DAILY SHORT TERM POWER Clause in Contracts

DAILY SHORT TERM POWER. For any day that Short Term Power is reserved the daily demand rate shall be equal to the rate of one-fifth (1/5) of the supplying party's Weekly Short Term Power demand rate. In the event the amount of Daily Short Term Power taken is reduced upon request of the supplying party, the demand charge for each day during which such reduction is in effect shall be reduced by one-fifth (1/5) of the above Weekly Short Term Power demand rate per kilowatt of reduction.

Appears in 3 contracts

Samples: Interconnection Agreement (Indianapolis Power & Light Co), Interconnection Agreement (Indianapolis Power & Light Co), Interconnection Agreement (Ipalco Enterprises Inc)

AutoNDA by SimpleDocs

DAILY SHORT TERM POWER. For any day that Short Term Power is reserved reserved, the daily demand rate shall be equal to the rate of one-fifth (1/5) of the supplying party's Weekly Short Term Power demand rate. In the event If the amount of Daily Short Term Power taken is reduced upon request of the supplying party, the demand charge for each day during which such reduction is in effect shall be reduced by one-fifth fifty (1/5) of the above Weekly Short Term Power demand rate per kilowatt of reduction.

Appears in 3 contracts

Samples: Interconnection Agreement (Indianapolis Power & Light Co), Interconnection Agreement (Indianapolis Power & Light Co), Interconnection Agreement (Ipalco Enterprises Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.