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Heat Rate Sample Clauses

Heat Rate. (a) Heat Rate Guaranty. Seller guarantees the Net Plant Heat Rate for the Facility will not exceed 10,300 BTU/KW-hr (the "Guaranteed Maximum Heat Rate").
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Heat Rate. 7 The heat rate of the reference plant is 10,060 Btu/kWh. The assumed heat content of the gas is 8 841,000 Btu/Mcf.6
Heat Rate. For each negative percentage point of Net Heat Rate Improvement, Seller shall owe Buyer a liquidated damage equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. For each positive percentage point of Net Heat Rate Improvement, Buyer shall pay Seller a bonus equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. For each negative percentage point of Net Output Improvement, Seller shall owe Buyer a liquidated damage equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. For each positive percentage point of Net Output Improvement, Buyer shall pay Seller a bonus equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. If Buyer fails to make any Unit available for a Performance Test per its obligations in this degradation guarantee, Buyer shall pay Seller a bonus equal to the applicable maximum cap stated above. In any given year, the maximum liquidated damages that Seller shall credit Buyer or maximum bonus Buyer shall pay Seller or associated with the heat rate & Output Degradation guarantee defined above for the Unit will be subject to an overall annual cap of +/- $50,000.
Heat Rate. At the conclusion of each Month, Independence shall calculate the Guaranteed Heat Rate Gas Differential (GHRGD), where: GHRGD = (Actual Gas) - (Target Gas); Actual Gas = the difference for such Month between (a) actual quantities of Gas supplied pursuant to this Agreement and the Gas Supply Agreement and used by the Facility (expressed in MMBtu and measured utilizing the Gas Metering Equipment) minus (b) the quantities of Gas purchased or deemed purchased by Independence pursuant to Section 8.01(b) of this Agreement and pursuant to the Gas Supply Agreement; and Target Gas = the sum of (a) for each Start-up during the Month, the Start-up Gas guaranteed in Exhibit 5.01, plus (b) for each Shutdown during the Month, the Shutdown Gas guaranteed in Exhibit 5.03, plus (c) the sum for all hours during the Month after the completion of Start-up and prior to Shutdown of the Facility of the product of (i) the Guaranteed Heat Rate for such hour (expressed in Btu of Gas consumed per kWh) multiplied by (ii) the actual Net Electric Energy produced during such hour. *** CONFIDENTIAL TREATMENT REQUESTED ***
Heat Rate. (a) The heat rate of the Plant shall be tested for each Contract Year other than the First Contract Year at the time the capacity of the Plant is required to be tested according to Section 4.3 with respect to such Contract Year (or portion thereof) (each a “Heat Rate Test Date”). The reference heat rate (expressed in MMBtu/MWh) for the Plant (the “Reference Heat Rate”) shall be determined by Shell for the First Contract Year during the Pre-Term Period utilizing the procedure as set forth in Exhibit 8.3 and promptly communicated to Gulf Power and for each subsequent Contract Year shall be determined for each Heat Rate Test Date in accordance with Exhibit 8.3, based on Factored Fired Hours of the Combustion Turbines as of such Heat Rate Test Date. (b) Shell shall cause a Heat Rate Test of the Plant to be conducted on each Heat Rate Test Date sequentially with the test of the Plant’s capacity according to Section 4.3. Shell shall give Gulf Power at least eight Days’ prior notice of each Heat Rate Test and Gulf Power or its representatives may attend each Heat Rate Test. If final test results are not available by the first day of the immediately succeeding Contract Year, the Heat Rate Payments for such succeeding Contract Year will be based on the preliminary report of test results referred to in Exhibit 4.2 until the results of the Heat Rate Test are available and used to determine the Heat Rate Payments for the applicable Contract Year. When the final test results are available, the Parties shall make an adjustment of the Heat Rate Payments from the beginning of the applicable Contract Year to reflect the Tested Heat Rate based on the final test results. If a Heat Rate Test for a Contract Year is conducted after the beginning of such Contract Year, the Reference Heat Rate set for such Contract Year pursuant to Section 8.3(a) nevertheless shall apply from the first day of such Contract Year; provided, however, to the extent necessary for any payments or calculations using the Reference Heat Rate for such Contract Year prior to the preliminary report of test results, the Parties on an interim basis shall use the Reference Heat Rate for the prior Contract Year until such preliminary report of test results is available and then shall make adjustments of such payments and calculations in accordance with the preliminary report of test results and final test results as provided above. For the avoidance of doubt, the Reference Heat Rate will be calculated in accorda...
Heat Rate. (a) Guaranteed Heat Rates. (i) Seller shall guarantee the Facility’s Heat Rate as set forth in Appendix II (“the Guaranteed Heat Rate”) over the following range of dispatchable operational levels [if applicable: for each operational configuration of one or more Units] at the mean Site elevation at standard ISO Conditions (59º F, sixty percent (60%) relative humidity): (A) at one hundred percent (100%) of Base Load on the combustion turbine(s); (B) at seventy-five percent (75%) of Base Load on the combustion turbine(s); (C) at fifty percent (50%) of Base Load on the combustion turbine(s); (D) if applicable, at Minimum Load on the combustion turbine(s), if less than fifty percent (50%); and (E) throughout the full range between one hundred percent (100%) of Base Load and Peak Load.
Heat Rate. The heat rate for the Facility at Standard Site Conditions, Full Load, and “new & clean” condition expressed in Btu/kWh HHV (the “Contract Heat Rate”) shall be as follows: (a) Xxxxxx Xxxxx 0, the Contract Heat Rate shall be the result of the heat rate test of the Facility conducted in connection with Seller’s acceptance of the Facility in its Phase 1 configuration from the primary contractor constructing the Facility; and (b) During Phase 2, the Contract Heat Rate shall be the result of the heat rate test of the Facility conducted in connection with Seller’s acceptance of the Facility in its Phase 2 configuration from the primary contractor constructing the Facility. Such test shall be conducted with the Facility at Full Load, according to procedures no less restrictive than those of Section 11.02(a). In the event that the Contract Heat Rate for Phase 2 (as corrected for Standard Site Conditions and for degradation back to “new and clean” conditions) is in excess of 7,315 Btu/kWh HHV, Seller shall enforce the agreements under which the Facility and its components were procured and constructed to cause such heat rate to be achieved. In the event that the Facility is operating above a heat rate of 7206 Btu/kWh HHV (equal to the target heat rate of 7,100 Btu/kWh HHV plus a test tolerance of 1.5%, as corrected for standard Site Conditions and for degradation back to “new and clean” conditions), Seller agrees to provide to Department all contracts, guarantees and other relevant documents necessary for Department to ensure that Seller is fully enforcing its rights against any third party to either collect any damages and/or to require any such third party to cure any defect[s] at the Facility that may be causing operation above a heat rate of 7206 Btu/kWh HHV. The parties acknowledge that the heat rate for the Facility will be higher than the Contract Heat Rate at Minimum Load, Part Load and Maximum Load due to the corresponding off-design operating conditions.
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Heat Rate. The heat rate is between The test is successfully passed if rmin < rguaranteed. The contractor is entitled to a possible bonus if rmax < rguaranteed. If rguaranteed is between rmin and rmax , neither penalty nor bonus will apply. Auto Mode: Equipment is running continuously or intermittently, governed by the plant control system Shut down: Equipment is not running This list needs to be specified depending on scope of supply. System Equipment Auto Mode Shut down Cooling System Radiators X Cooling System Pre-heater unit X Fuel System Fuel unloading pump X Fuel System HFO Transfer pump unit X Fuel System HFO feeder pump unit X Fuel System Booster unit X Fuel System LFO Unloading pump unit X Fuel System LFO feeder pump unit X Fuel System HFO separator module X Lube oil System Pre-lube pump unit X Lube oil System Lube oil transfer pump unit X Lube oil System Lube oil Separator X Air System Starting air compressor X Air System Working air compressor X Charge air System Charge air filter X Plant Control and Monitoring X Plant Lighting X Plant Ventilation X Plant Workshop X Plant Overhead crane X Plant Laboratory X Steam system Feed water pump unit X Steam system Circulation pump X .... .... .... .... Doc. Classification: Confidential Title: 3. Lubricating oil consumption test Xxx.XX: DAAB184367 Revision: b.6 Author: JNO005/ 20-Aug-2008 Status: Draft (2) Project: - Description: Lubricating Oil Consumption Test Type: Guideline 2 Symbols 1 3 Definitions 1 4 Duration 2 5 Lube Oil Consumption Measurements 2 The objective of this performance test is to measure the lube oil consumption of the engines.
Heat Rate. As summarized earlier, FIRM expressed concern with respect to the heat rate of 10 GJ/MWh used in the Valleyview TMR Agreement and indicated their preference for the “standard” LBC SO heat rate of 7.5 GJ/MWh. FIRM recommended that the Board approve the Valleyview TMR Agreement either conditionally with the lower heat rate or with a cap of 1% of power generation mode hours in which the higher heat rate could be used. In EAL’s view, the higher heat rate would apply only when the unit was operating in generation mode, which was estimated to be a very small percentage of the time. EAL recognized that the heat rate was higher than the LBC SO rate, but attributed the higher rate to the give-and-take of commercial negotiations. While EAL acknowledged that the higher rate would result in marginally higher costs during the time that the unit was in generation mode, EAL emphasized 9 Application, Tab 4 that the Agreement would also result in significant savings in avoided supplemental payments (as noted earlier) while the unit operated as a synchronous condenser. The Board notes EAL’s further submission that, were the heat rate to be capped at a low percentage of operating hours, it could hinder the TA’s technical staff and possibly the System Administrator in utilizing the unit in generation mode as might be required in particular circumstances. While the Board appreciates FIRM’s concern that the proposed heat rate varies from that approved for the IBOC and LBC SO contracts, the Board is prepared to accept that some variance is reasonable given the unique nature of the Valleyview Proposal and the trade-offs inherent in the negotiations leading to the Valleyview TMR Agreement. Moreover, as already indicated, the Board is persuaded that EAL’s estimate of $7.8 million NPV of potential savings in supplemental payments is reasonable. Therefore, the Board does not consider the proposed 10 GJ/MWh heat rate to be unjust or unreasonable or otherwise imprudent. Accordingly, the Board does not consider it necessary to direct amendments to the Valleyview TMR Agreement or otherwise to condition any approval of the Agreement in this respect. (Click here to return to Table of Contents)
Heat Rate. Final Performance Acceptance. Contractor guarantees that the Heat Rate during the Completed Performance Test used to determine achievement of Final Performance Acceptance, with the Facility operated at Maximum Continuous Rating (MCR), with the combustion turbine operating in accordance with the Acceptance Test Guidelines in Appendix M, shall not be more than 12,100 BTU/kWh (HHV) when corrected to ambient conditions ambient conditions recorded during the test (the “Heat Rate Guarantee”).
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