Common use of Distribution Of Deficiency Charges Clause in Contracts

Distribution Of Deficiency Charges. i. Recipients of capacity deficiency revenues are defined for each Interval as: (a) each owner of Capacity Resources with Unforced Capacity which it has committed to PJM prior to the start of the Interval for every day of the Interval; (b) each owner of newly certified Capacity Resources that become available during an Interval and which are committed to PJM for every remaining day of the Interval after such certification; and (c) each Party and each party to the RAA that has fully satisfied its obligation on every day during the Interval for which a deficiency charge has been established pursuant to this Agreement. Recipients shall share in any deficiency charges paid by any Party or by any party to the RAA during the Interval that has failed to satisfy its obligation and that have been received by the Office of the Interconnection, in accordance with subsection (ii) below.