Deficiency Rate. The rate for deficiencies determined pursuant to Schedules 7 and 8 shall be approved annually by the Reliability Committee based on the annual carrying charges for a new combustion turbine, installed and connected to the transmission system. The annual carrying charges shall be divided by a factor of one less the forecast average EFORD for the most recent calendar year (as determined pursuant to Schedule 5.1) to state the rate in terms of Unforced Capacity. Until otherwise changed by the Reliability Committee, the rate for deficiencies shall be $160 per megawatt-day ($58.40 per kilowatt-year) divided by a factor of one less the average EFORD.
Appears in 6 contracts
Samples: Reliability Assurance Agreement (Appalachian Power Co), Reliability Assurance Agreement (Columbus Southern Power Co /Oh/), Reliability Assurance Agreement (Indiana Michigan Power Co)
