Common use of Forward Capacity Market Participation Clause in Contracts

Forward Capacity Market Participation. Seller shall participate in the ISO-NE’s Forward Capacity Auction Qualification (“FCAQ”) process for, and take all other necessary and appropriate actions to qualify for, the Forward Capacity Auction (“FCA”) for the first full Capacity Commitment Period during the Services Term with a summer Seasonal Claimed Capability and a winter Seasonal Claimed Capability in each case not less than the respective maximum Seasonal Claimed Capabilities as determined by ISO-NE for Seller’s project as described in the Bid, including qualifying the Seasonal Claimed Capabilities described in the Bid for Capacity Capability Interconnection Standard-equivalent interconnection. Notwithstanding the above, actual Seller participation in any FCA or obtaining a Capacity Supply Obligation shall not be required, but may be pursued at the option of Seller. Seller will provide Buyer with copies of all technical reports and studies provided to and/or by ISO-NE as part of the FCAQ process for the Facility, as described in this Section 3.7, at the same time when those materials are provided to and/or by ISO-NE. Seller shall use commercially reasonable efforts, consistent with Good Utility Practice, to maximize the summer and winter Seasonal Claimed Capabilities for the Facility consistent with the technical reports and studies provided to and/or by ISO-NE and with the Bid. Seller will provide Buyer with written notice of the summer and winter Seasonal Claimed Capabilities for the Facility and the Network Upgrades required to satisfy both the Network Capability Interconnection Standard and the equivalent of the Capacity Capability Interconnection Standard at the Interconnection Point at those Seasonal Claimed Capabilities within fifteen (15) days after the determination thereof by ISO-NE.

Forward Capacity Market Participation. Seller shall participate in the ISO-ISO- NE’s Forward Capacity Auction Qualification (“FCAQ”) process for, and take all other necessary and appropriate actions to qualify for, the Forward Capacity Auction (“FCA”) for the first full Capacity Commitment Period during the Services Term with a summer Seasonal Claimed Capability and a winter Seasonal Claimed Capability in each case not less than the respective aggregate maximum summer and winter Seasonal Claimed Capabilities for the Facility and all Additional Facilities collectively with a Capacity Capability Interconnection Standard interconnection, as determined by ISO-NE for Seller’s project as described in the Bid, including qualifying Facility and all Additional Facilities during the Seasonal Claimed Capabilities described in the Bid for Capacity Capability Interconnection Standard-equivalent interconnectionFCAQ process. Notwithstanding the above, actual Seller participation in any FCA or any other capacity market or obtaining a Capacity Supply Obligation shall not be required, but may be pursued at the option of Seller. Seller will provide Buyer with copies of all technical reports and studies provided to and/or by ISO-NE as part of the FCAQ process for the FacilityFacility and all Additional Facilities, as described in this Section 3.7, at the same time when those materials are provided to and/or by ISO-NE. Seller shall use commercially reasonable efforts, consistent with Good Utility Practice, to maximize the summer and winter Seasonal Claimed Capabilities for the Facility and all Additional Facilities consistent with the technical reports and studies provided to and/or by ISO-NE and with the BidNE. Seller will provide Buyer with written notice of the summer and winter Seasonal Claimed Capabilities for the Facility and all Additional Facilities and the Network Upgrades required to satisfy both the Network Capability Interconnection Standard and the equivalent of the Capacity Capability Interconnection Standard at the Interconnection Point at those Seasonal Claimed Capabilities within fifteen (15) days after the determination thereof by ISO-NE.

Forward Capacity Market Participation. Seller shall participate in the ISO-NE’s Forward Capacity Auction Qualification (“FCAQ”) process for, and take all other necessary and appropriate actions to qualify for, the Forward Capacity Auction (“FCA”) for the first full Capacity Commitment Period during the Services Term with a summer Seasonal Claimed Capability and a winter Seasonal Claimed Capability in each case not less than the respective maximum Seasonal Claimed Capabilities as determined by ISO-NE for Seller’s project as described in the Bid, including qualifying the Seasonal Claimed Capabilities described in the Bid for Capacity Capability Interconnection Standard-equivalent level interconnection. Notwithstanding the above, actual Seller participation in any FCA or obtaining a Capacity Supply Obligation shall not be required, but may be pursued at the option of the Seller. Seller will provide Buyer with copies of all technical reports and studies provided to and/or by ISO-NE as part of the FCAQ process for the Facility, as described in this Section 3.7, at the same time when those materials are provided to and/or by ISO-NE. Seller shall use commercially reasonable efforts, consistent with Good Utility Practice, to maximize the summer and winter Seasonal Claimed Capabilities for the Facility consistent with the technical reports and studies provided to and/or by ISO-NE and with the Bid. Seller will provide Buyer with written notice of the summer and winter Seasonal Claimed Capabilities for the Facility and the Network Upgrades required to satisfy both the Network Capability Interconnection Standard and the equivalent of the Capacity Capability Interconnection Standard at the Interconnection Point at those Seasonal Claimed Capabilities within fifteen (15) days after the determination thereof by ISO-NE.

Forward Capacity Market Participation. (a) Seller shall participate in the ISO-NE’s Forward Capacity Auction Qualification (“FCAQ”) process for, and take all other necessary and appropriate actions to qualify for, the Forward Capacity Auction (“FCA”) for each Interconnection Point for the first full Capacity Commitment Period during the Services Term with a summer Seasonal Claimed Capability and a winter Seasonal Claimed Capability in each case not less than the respective maximum Seasonal Claimed Capabilities as determined by ISO-NE for Seller’s project as described in the Bid, each Interconnection Point including qualifying the maximum Seasonal Claimed Capabilities described in the Bid for Capacity Capability Interconnection StandardStandard interconnection determined by ISO-equivalent interconnectionNE for each Interconnection Point. Notwithstanding the above, actual Seller participation in any FCA or obtaining a Capacity Supply Obligation shall not be required, but may be pursued at the option of Seller. Seller will provide Buyer with copies of all technical reports and studies provided to and/or by ISO-NE as part of the FCAQ process for the Facility, as described in this Section 3.7, at the same time promptly after when those materials are provided to and/or by ISO-NE. In the FCAQ process, Seller shall use commercially reasonable efforts, consistent with Good Utility Practice, to maximize the summer and winter Seasonal Claimed Capabilities qualified for the Facility each Interconnection Point consistent with the technical reports and studies provided to and/or by ISO-NE and with the Bid. Seller will provide Buyer with written notice of the summer and winter Seasonal Claimed Capabilities for the Facility each Interconnection Point and the Network Upgrades required to satisfy both the Network Capability Interconnection Standard and the equivalent of the Capacity Capability Interconnection Standard at the each Interconnection Point at those Seasonal Claimed Capabilities within fifteen (15) days after the determination thereof by ISO-NE.