MW]. The above-mentioned connections and data transfer must be included in the systems engineering tasks as a part of the construction of the Facility, and must be fully functional before Commercial Operation Date. *** End of Appendix E *** PRODUCTION DAMAGES APPENDIX F – GUARANTEED ENERGY PRODUCTION DAMAGES In accordance with the provisions in Section 11.2, GEP Damages means the liquidated damages payment due by Seller to Buyer, calculated on an annual basis for the applicable Performance Measurement Period as follows: [(A-B) × (C-D)] Where: A = the Guaranteed Energy Production for the Performance Measurement Period, in MWh B = Sum of Delivered Energy over the Performance Measurement Period, in MWh C = Replacement price for the Performance Measurement Period, in $/MWh, reflecting the sum of (a) the simple average of the simple average of the Day-Ahead IFM hourly price, as published by the CAISO, for the Existing Zone Generation Trading Hub, in which the Project resides, plus
MW]. The Authority anticipates negotiating and entering into a power purchase agreement (“PPA”) with each successful Offeror(s) for the purchase of all electricity generated by the Systems once they become commercially operational. Such PPA’s will be negotiated as part of this procurement. It is the intent of the specifications, terms and conditions contained herein to describe the requirements and process for this procurement. The Authority intends to purchase all electricity generated by the Systems on an on-going basis. Ultimately, the Authority’s goal is to both reduce its energy consumption from existing energy sources and to lower its energy costs by entering into a contract with the Offeror(s) selected in this procurement.
