Energy Imbalance Sample Clauses

Energy Imbalance. ComEd shall hold Seller harmless from any energy imbalance charges that result from ComEd's dispatch orders under this Agreement.
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Energy Imbalance. (a) For each Hour of the Term, Georgia Power shall calculate the Energy Imbalance as the difference between: (i) the Actual Hourly OPC Resources Utilization in the Hour, as measured at or adjusted to Xxxxx X-0, less (ii) OPC Total Load Requirements. (b) If the Energy Imbalance is positive, then Oglethorpe Power has surplus energy in such Hour and is deemed to have sold energy to Georgia Power in an amount equal to this difference under the terms of Section 12.5 of this Agreement, and Oglethorpe Power may incur Commitment Costs associated with such sale in accordance with Section 12.4 of this Agreement. (c) If the Energy Imbalance is negative, then Oglethorpe Power has deficit energy in such Hour and is deemed to have purchased from Georgia Power energy in an amount equal to the absolute value of this difference under the terms of Sections 12.3, 12.4, and 12.6 of this Agreement.
Sample 1
Energy Imbalance. Company reserves the right to file rate schedules with the FERC concerning any services the Company deems necessary for reliable and orderly bulk power supply system management, including but not limited to, any standby or related services that may arise from a failure of Customer to meet its schedule of deliveries across facilities covered by this Agreement.
Sample 1
Energy Imbalance. 13 ---------------- 4.5 MEASUREMENT.......................................................13 ----------- 4.6 TITLE, RISK OF LOSS, INDEMNITY AND FINES..........................14 ---------------------------------------- 5. PAYMENTS............................................................15 5.1 CAPACITY, BUYER VARIABLE O&M COSTS AND BUYER STARTUP COST PAYMENTS15 ------------------------------------------------------------------ 5.2 AVAILABILITY REQUIREMENTS.........................................16 ------------------------- 6. REPRESENTATIONS AND WARRANTIES.....................................17 6.1
Sample 1
Energy Imbalance. If either Buyer or Seller becomes aware that actual hourly deliveries or receipts of Energy hereunder are greater or less than the hourly quantity of Scheduled Energy (any such discrepancy, an "Energy Imbalance"), the Party on notice shall immediately notify the other Party so that appropriate arrangements regarding the Energy Imbalance can be made with the ERCOT Independent System Operator. If actual deliveries of Energy are greater or less than the Scheduled Energy, the Parties shall work together to perform corrective action as soon as reasonably possible to eliminate (i) the then current Energy Imbalance and (ii) the cumulative Energy Imbalance. Seller shall pay all Energy Imbalance Charges resulting from Seller's failure to deliver Scheduled Energy for any hour in which Buyer has Scheduled Energy in accordance with Section 4. Seller shall not be responsible for any Energy Imbalance Charges due to a Force Majeure event. Buyer shall also pay all other Energy Imbalance Charges including Energy Imbalance Charges resulting from the failure of Buyer to provide Fuel as required hereunder, the failure by Buyer to schedule the transmission of Energy on the Connecting Utility in a manner that conforms to the Energy Scheduled hereunder, the failure of Buyer to receive Energy in a manner that conforms to the Energy Scheduled hereunder, the failure of any other Persons to take the Energy from Buyer in a manner that conforms to the Energy Scheduled by Buyer hereunder or the failure of Buyer or of any customer of Buyer to receive Energy from the Connecting Utility in a manner that conforms to the Energy Scheduled hereunder.
Sample 1
Energy Imbalance. For any hour during which there is Swap Energy ---------------- Imbalance or FE Energy Imbalance, DLC shall pay to the Supplier and the Supplier shall pay to DLC, in accordance with Section 3.4 of this Agreement, the following amounts as applicable:
Sample 1
Energy Imbalance. Seller shall reimburse Buyer for any Hour in which, as a result of Seller’s delivery of an amount of energy less than the Requirements Portion (unless excused under this Agreement), Energy Imbalance Service charges are incurred by Buyer in accordance with an OATT. Buyer shall reimburse Seller for any Hour in which, as a result of Seller’s delivery of an amount of energy in excess of the Requirements Portion, Energy Imbalance Service compensation is provided to Buyer in accordance with an OATT.
Sample 1
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Related to Energy Imbalance

  • Gas Imbalances As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

  • Imbalances The parties hereto recognize that with respect to Section 2.01, on any Day, receipts of gas by Union and deliveries of gas by Union may not always be exactly equal, but each party shall cooperate with the other in order to balance as nearly as possible the quantities transacted on a daily basis, and any imbalances arising shall be allocated to the Facilitating Agreements and shall be subject to the respective terms and charges contained therein, and shall be resolved in a timely manner.

  • Gas If Customer has selected a Gas Fixed Rate, Customer’s Price will be based on the Fixed Rate(s), plus the Administration Charge, set forth in the Application, which includes RITERATE ENERGY’s compressor fuel and transportation charges, administrative and transaction costs and the Gas Balancing Amount and any Regulatory Charges (defined below).

  • Interconnection Customer Compensation If the CAISO requests or directs the Interconnection Customer to provide a service pursuant to Articles 9.6.3 (Payment for Reactive Power) or 13.5.1 of this LGIA, the CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff.

  • Gas Imbalances, Prepayments As of the date hereof, except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require the Borrower or any of its Subsidiaries to deliver, in the aggregate, two percent (2%) or more of the monthly production from Hydrocarbons produced from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

  • Interconnection Customer Payments Not Taxable The Parties intend that all payments or property transfers made by the Interconnection Customer to the Participating TO for the installation of the Participating TO's Interconnection Facilities and the Network Upgrades shall be non-taxable, either as contributions to capital, or as a refundable advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Interconnection Customer Provided Services The services provided by Interconnection Customer under this LGIA are set forth in Article 9.6 and Article 13.5. 1. Interconnection Customer shall be paid for such services in accordance with Article 11.6.

  • Dedicated Transport A DS0-, DS1-, or DS3-capacity transmission facility between Verizon switches (as identified in the LERG) or UNE Wire Centers, within a LATA, that is dedicated to a particular end user or carrier. Dedicated Transport is sometimes referred to as dedicated interoffice facilities ("IOF"). Dedicated Transport does not include any facility that does not connect a pair of Verizon UNE Wire Centers.

  • Underground Utilities Any required ground digging or subsurface work shall be done in accordance with Chapter 556, Florida Statutes. It shall be the responsibility of CONTRACTOR to have all underground utilities located before any work begins (Sunshine State One Call 0-000-000-0000). The repairs of any damaged underground utilities as a result of the work being performed by CONTRACTOR shall be the responsibility of CONTRACTOR. The proper utility company shall be contacted immediately to expedite the repairs, if damage has occurred. CONTRACTOR will notify the COUNTY and provide a written explanation of the incident within two (2) days of the damage to any underground utilities.

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