Energy Settlement. The Energy Settlement will be calculated as follows: ESm = ∑ ESd × FQm where, ∑ = the sum from i=1 to n; n = the total number of days in a month; FQm = Confirmed Quantity for month m; ESd = ∑ max [(0,(DAPi – VOM)]) where, ESd = Energy Settlement for day d; ∑ = the sum from i = 1 to z, where z is ____ [insert the number of hours of duration of the Project]; DAPi = the largest i values of DAP in a day for all Settlement Periods in a day; VOM = Variable O&M (in $/MWh), as set forth in the Agreement.
Energy Settlement a. The ARC will be eligible for compensation for load reduction for participating in an EDR Event when cleared and dispatched. MISO settlement information will be used as the basis for EDR Event compensation. NIPSCO will reduce this settlement amount to account for the Marginal Foregone Retail Rate (“MFRR”) and any applicable fees as defined in NIPSCO’s Tariff.
b. In addition, NIPSCO will reduce the ARC’s compensation in the event where additional MISO costs are incurred as a result of the EDR participation. In the event of such additional costs, NIPSCO shall provide documentation to the ARC upon request.
c. All MISO charges for non-compliance shall be the ARC’s responsibility. This will include subtracting from the amount received from Midwest ISO the sum of 5% of the total Cleared Offer for the part of the load that was non-compliant. The remainder shall be remitted on a monthly basis to the ARC through an EDR Event Credit (“Credit”) as specified in Rider 682. NIPSCO shall not be responsible for determining the individual Customer(s) responsible for non-compliance, nor shall the Company be responsible for assessing fees to the individual Customer(s). d. In the event that the amount specified in Paragraph 6(c) for the month is greater than the amount due to the ARC for the month in Paragraph 6(a) less any reductions as a result of Paragraph 6(b), an EDR Event (“Debit”) for the appropriate amount shall appear on the ARC’s invoice as specified in Rider 682.
Energy Settlement. As indicated in Appendix II Part C, this Agreement [does include the Energy Settlement (“ES”) which shall be calculated as set forth in Appendix XV] OR [does not include the Energy Settlement (“ES”)].
Energy Settlement. The Energy Settlement (“ES”) will be calculated as follows: ESm = ∑ ESd × FQm, where, ∑ = the sum from d=1 to n, where n = the number of days in a month FQm = Confirmed Quantity for month m ESd = ∑ max [0,(large (DAPi) – (small (DAPi) / E) – VOM)] where, ESd = Energy Settlement for day d; ∑ = the sum from i = 1 to z, where z is ___ hours [insert the number of hours of duration of the Project]; Large (DAPi) = the largest i values of Energy DAP in a day; Small (DAPi) = the smallest i values of Energy DAP for all Settlement Periods in a day; E = round trip efficiency of the Project, as a percentage, as set forth in Appendix III VOM = ___ [insert Variable O&M (in $/MWh)]
Energy Settlement. The Energy Settlement (“ES”) used in the calculation of the Monthly Payment will be calculated using the equations shown in subsections 6.2 below for the monthly Energy Settlement and the daily Energy Settlement. An example of the calculation of the daily Energy Settlement is depicted in Appendix XII. The Energy Settlement will be calculated as follows: ESm = PQm × ESd where, = the sum from d = 1 to n, where n is the number of days in month m PQm = Payment Quantity for month m ESd = Energy Settlement for day d
Energy Settlement. The Energy Settlement (“ES”) will be calculated as follows: ESm = ∑ ESd × PQm, where, ∑ = the sum from d=1 to n, where n = the number of days in a month PQm = Payment Quantity for month m ESd = ∑ max [0, (large (DAPi) – {Wt1i * small (DAPi) + Wt2i * small (DAPi+1) + Wt3i * small (DAPi+2)} – VOM)] where, ESd = Energy Settlement for day d; ∑ = the sum from i = 1 to z, where z is ___ hours [insert the number of hours of duration of the Project]; Large (DAPi) = the i-th largest value of DAP for all Settlement Periods in day d; Small (DAPi) = the i-th smallest value of DAP for all Settlement Periods in day d; Wt1i = min (i, max (i-1, i/ Ecy)) – min (i, max (i-1, (i-1)/ Ecy)) Wt2i = min (i+1, max (i, i/ Ecy)) – min (i+1, max (i, (i-1)/ Ecy)) Wt3i = min (i+2, max (i+1, i/ Ecy)) – min (i+2, max (i+1, (i-1)/ Ecy)) Ecy = annual round trip efficiency of the Project, as a percentage, as set forth in Appendix III VOM = ___ [insert Variable O&M (in $/MWh)]
Energy Settlement. The Energy Settlement (“ES”) will be calculated as follows: ESd = ∑ max [0,(large (DAPi) – (small (DAPi) / E) – VOM)] where, ∑d = the sum from i = 1 to z, where z is ___ hours [insert the number of hours of duration of the Project]; Large (DAPi) = the i largest values of Energy DAP in a day; Small (DAPi) = the i smallest Energy DAP for all Settlement Periods in a day; E = Efficiency of the Project, stated as a percentage, set forth in the Agreement; VOM = Variable O&M (in $/MWh), as set forth in the Agreement.
Energy Settlement. Idaho shall return to Pacific a total of 84,263 megawatt-hours of energy supplied by Pacific for the period January 1, 1974, to July 31, 1980. This energy shall be returned at a rate of four megawatt-hours per hour (4mwh/h) beginning 0100 August 1, 1980, Mountain Advanced Standard Time, at points of interconnection between the parties as determined by Idaho until all energy is re-turned.
Energy Settlement a. The ARC will be eligible for compensation for load reduction for participating in an EDR Event when cleared and dispatched. The Midwest ISO settlement information will be used as the basis for EDR Event compensation. NIPSCO will reduce this settlement amount to account for the Marginal Foregone Retail Rate (“MFRR”) and any applicable fees as defined in NIPSCO’s Tariff.
b. In addition, NIPSCO will reduce the ARC’s compensation in the event where additional Midwest ISO costs are incurred as a result of the EDR participation. In the event of such additional costs, NIPSCO shall provide documentation to the ARC upon request.
c. All Midwest ISO charges for non-compliance shall be the ARC’s responsibility. NIPSCO shall not be responsible for determining the individual Customer(s) responsible for non- compliance, nor shall the Company be responsible for assessing fees to the individual Customer(s). This will include subtracting from the amount received from Midwest ISO the sum of 5% of the total Cleared Offer for the part of the load that was non-compliant. The remainder shall be remitted on a monthly basis to the ARC through an EDR Event Credit (“Credit”) as specified in Rider 682.
d. In the event that the amount specified in Paragraph 6(c) for the month is greater than the amount due to the ARC for the month in Paragraph 6(a) less any reductions as a result of Paragraph 6(b), an EDR Event (“Debit”) for the appropriate amount shall appear on the ARC’s invoice as specified in Rider 682.
e. In the event that the ARC has a Debit on its invoice as described in Paragraph 6(d), if the ARC does not pay the undisputed portion of that Debit by the due date indicated on the invoice, the ARC shall be suspended from participation until such time the Debit is paid.
f. The ARC shall receive payment from NIPSCO and/or an invoice from NIPSCO for EDR Event Credits or Debits as specified in Rider 682. Depending on the time of the month when the EDR Event Credits or Debits are issued, posting of the Credits or Debits to the ARC’s account may be delayed. ARC will notify NIPSCO if ARC disputes any payments and/or charges reflected on the NIPSCO-issued invoice. The Parties will attempt to resolve any dispute in accordance with Paragraph 16.
g. Payments and invoicing shall take place to the ARC once a month according to the schedule and process set forth in Rider 682.
Energy Settlement
