Monthly Capacity Charge. Buyer shall also pay a Monthly Capacity Charge, which shall be calculated in accordance with Attachment A. If accounting information is not available to exactly determine the Monthly Capacity Charge by the invoicing deadline for a given month, the Monthly Capacity charge will be estimated in a commercially reasonable manner and adjusted to actual on the following month’s invoice.
Monthly Capacity Charge. Requires a recurring monthly payment for Solar Units of existing or new Facility.
Monthly Capacity Charge. The Monthly Capacity Charge to be billed to each of the Purchasers for any service month shall be determined by applying the Monthly Capacity Charge Formula set out in Attachment A to the applicable cost data.
Monthly Capacity Charge. For each Short Term Resource purchased by Oglethorpe Power pursuant to the notice incorporated above, Oglethorpe Power shall pay a Monthly Capacity Charge, in dollars per Month ($/Mo), in accordance with the following schedule: June 1999 -- $362,500 July - September 1999 -- $662,500 October 1999 - May 2000 -- $75,000
Monthly Capacity Charge. The Monthly Capacity Charge is 1/12 of the annual Capacity Charge as set forth in Appendix A. The annual Capacity Charge will compensate GENCO for its fixed costs of generating Electricity from the Generating Facilities (including associated common costs) including: (a) return on investment, and depreciation for the undepreciated cost of the Generating Facilities, (b) completed capital additions approved in accordance with Article 9 including Allowance for Funds Used During Construction (AFUDC) (c) insurance, (d) income taxes (federal, state, local, net or gross), (e) property and all other taxes, (f) fixed operations and maintenance costs, including an allowance for scheduled major maintenance and overhauls, (g) research and development costs and (h) administration costs. Generation charges will not be increased as a result of any step-up in the book or tax basis of the assets. In establishing the depreciation schedule for the recovery of the costs of existing plant and approved capital additions thereto, the Parties will commission an engineering and economic depreciation study which reflects the age, condition, and market circumstances which influence the remaining economic lives of the Generating Facilities. The results of such depreciation study will be taken into account in determining the proper depreciation schedule and resulting depreciation charges to be included in the filing of the FERC regulated Capacity Charge component of the formula rate described in this Article 8. The annual Capacity Charge will exclude demolition costs, environmental remediation costs related to demolition and site restoration costs in excess of amounts recovered in GENCO's retail rates applicable as of March 1997 and recovered as part of GENCO's depreciation charge, and charges for starts, fired hours of operation and fuel swaps as defined in Appendix B after meeting the threshold levels established in Appendix B.
Monthly Capacity Charge. Requires a one (1) year or five (5) year commitment from the date the solar charges appear on a customer's bill. Customers who subscribe 50 kW (200 Solar Units) or more require the five (5) year commitment.
A. One‐Time Capacity Charge
Monthly Capacity Charge. Solar Units are non-transferable and will be forfeited to FPB at time of cancelation. Any remaining monthly capacity charges, as dictated by the committed term, will be due at time of cancelation. A customer may increase or decrease a monthly subscription after the initial subscription term ends by executing a new Agreement.
Monthly Capacity Charge. The Monthly Capacity Charge shall be twenty-four and two tenths percent (24.2%) of the NET ELECTRICAL CAPACITY during such month times a capacity rate equal to eight dollars and seventy-six cents ($8.76) per kW-month effective on December 1, 1988 and escalated at four and nine tenths percent (4.9%) on January 1, 1990 and January 1 of each year thereafter for the duration of this AGREEMENT.
1. Payment of the Monthly Capacity Charge shall be made in accordance with the following:
(a) For the SUMMER SEASON PSE&G shall pay VENTURE in accordance with the above Monthly Capacity Charge, but VENTURE shall not be entitled to retain any amounts paid by PSE&G at a level of capacity in excess of twenty-four and two tenths percent (24.2%) of the Net Seasonal Capacity in Section C of ARTICLE II.
(b) For the WINTER SEASON PSE&G shall pay VENTURE in accordance with the above Monthly Capacity Charge, but VENTURE shall not be entitled to retain any amounts paid by PSE&G at a level of capacity in excess of twenty-four and two tenths percent (24.2%) of the Net Seasonal Capacity in Section C of ARTICLE II.
2. At the end of each SUMMER SEASON, PSE&G shall determine whether capacity in excess of twenty-four and two tenths percent (24.2%) of the then Net Seasonal Capacity nominated or renominated by VENTURE in Section C of ARTICLE II has been delivered and sold to PSE&G. The total capacity delivered in such season shall be determined by dividing the total number of kwh's actually delivered by VENTURE during the ON-PEAK PERIOD of the SUMMER SEASON by the total of all ON-PEAK hours during such SUMMER SEASON and multiplying the result by twenty- four and two tenths percent (24.2%). The excess capacity shall be the amount by which the total capacity as determined above exceeds twenty-four and two tenths percent (24.2%) of the SUMMER SEASON capacity nominated or renominated by VENTURE in Section C of ARTICLE II, as adjusted for the actual average prevailing ambient temperature. If PSE&G has paid for and has not requested such excess capacity, PSE&G shall be entitled to and VENTURE shall refund any excess capacity charges paid pursuant to this paragraph, such refund to be equal to four times the product of: (a) the excess capacity determined in this Section B 2 of ARTICLE IV, and (b) the Monthly Capacity Charge determined pursuant to this ARTICLE IV Section B. Any such refund shall be credited against and an adjustment made on the Statement of Payment to VENTURE with regard to the mont...
Monthly Capacity Charge. A. The Monthly Capacity Charge is 1/12th of the annual Capacity Charge. In addition, the Monthly Capacity Charge for the fourth month of each Contract Year after the first Contract Year shall include any true-up adjustment due under Sections III and V-B.2 of this Appendix. The Monthly Capacity Charge for any partial months shall be prorated on a daily basis for such month.
B. The annual Capacity Charge for the first Contract Year is $291,596,000, reflecting the revenue credit described in Section I-C below. The annual Capacity Charge for the seventh Contract Year is $305,400,000, reflecting the $7.1 million revenue credit described in Section I-C below. For each Contract Year thereafter (other than the twelfth Contract Year), the annual Capacity Charge is equal to the prior year annual Capacity Charge plus the sum of the following adjustments:
(1) Budgeted Incremental Net Utility Plant, times PTROR, (2) Budgeted Incremental Depreciation Expense, (3) Labor Cost Index Adjustment (Production), (4) Labor Cost Index Adjustment (Support), (5) Benefit Cost Index Adjustment (Production), (6) Benefit Cost Index Adjustment (Support), (7) Rebased property tax amount described in Section III-B below, (8) Federal income tax adjustment for cost of removal described in Section I-G below, and (9)
Monthly Capacity Charge. 1. The Monthly Capacity Charge, Bcm, shall be calculated for each Month as follows: Bcm = [120%] * Tci * Crm * 730 Where: Tci shall be as defined in Article 3 of this Appendix 1; Crm shall mean the increased Redelivery Capacity requested by the Shipper and approved by INGL under Section 3.4.2;
2. The Maximum Monthly Capacity Increase shall be determined as follows: When the Redelivery Capacity at the relevant Designated Redelivery Point and/or Designated Redelivery Point is: Then the Maximum Monthly Capacity Increase shall equal to the following: between 2000 SCM and 1,000 mmBTU The lesser of 100 mmBTU and 20% of the Transmission Capacity booked under Section 3.1.1 for such Designated Redelivery Point and/or Designated Redelivery Point. 1000 mmBTU and above The lesser of 300 mmBTU and 20% of the Transmission Capacity booked under Section 3.1.1 for such Designated Redelivery Point and/or Designated Redelivery Point.
