Common use of Long-term Planned Outage Adjustment Clause in Contracts

Long-term Planned Outage Adjustment. Not later than 60 days after the end of each Contract Year, Owner shall submit to CAISO a statement showing the Long-term Planned Outage Adjustment for the Contract Year. The Long-term Planned Outage Adjustment shall equal (a) the Hourly Availability Charge plus each Hourly Capital Item Charge, as shown in Schedule B, multiplied by (b) the difference, if positive, of (i) the hours scheduled for performance of Long-term Planned Outages minus (ii) the actual hours spent performing Long-term Planned Outages during the Contract Year. Owner shall credit any Long-term Planned Outage Adjustment on the next invoice or, if this Agreement has terminated, shall pay any Long-term Planned Outage Adjustment to the CAISO upon submission of the Final Invoice.

Long-term Planned Outage Adjustment. Not later than 60 days after the end of each Contract Year, Owner shall submit to CAISO a statement showing the Long-term Planned Outage Adjustment for the Contract Year. The Long-Long- term Planned Outage Adjustment shall equal (a) the Hourly Availability Charge plus each Hourly Capital Item Charge, as shown in Schedule B, multiplied by (b) the difference, if positive, of (i) the hours scheduled for performance of Long-term Planned Outages minus (ii) the actual hours spent performing Long-term Planned Outages during the Contract Year. Owner shall credit any Long-Long- term Planned Outage Adjustment on the next invoice or, if this Agreement has terminated, shall pay any Long-term Planned Outage Adjustment to the CAISO upon submission of the Final Invoice.

Long-term Planned Outage Adjustment. ‌ Not later than 60 days after the end of each Contract Year, Owner shall submit to CAISO a statement showing the Long-term Planned Outage Adjustment for the Contract Year. The Long-term Planned Outage Adjustment shall equal (a) the Hourly Availability Charge plus each Hourly Capital Item Charge, as shown in Schedule B, multiplied by (b) the difference, if positive, of (i) the hours scheduled for performance of Long-term Planned Outages minus (ii) the actual hours spent performing Long-term Planned Outages during the Contract Year. Owner shall credit any Long-term Planned Outage Adjustment on the next invoice or, if this Agreement has terminated, shall pay any Long-term Planned Outage Adjustment to the CAISO upon submission of the Final Invoice.