Physical Trades not Cleared in the IFM. With respect to each calendar month “m”, as soon as practicable after the end of such month, Buyer shall calculate the Physical Trade Settlement Amount (“PTSAi”) for each hour as follows: PTSAi = CPTi x (CPTPi – PNodei) Where: i = an hour within month “m” CPT = Converted Physical Trade, in MWh CPTP = Converted Physical Trade Price, and PNode = the Generating Facility’s PNode price, in dollars per MWh. If the PTSAi is positive and Seller submitted the original Physical Trade in accordance with Section 3.14(s)(ii) and Exhibit I, then Buyer shall owe Seller the PTSAm for month m. In any event the PTSAi is negative, however, then Seller shall owe Buyer the PTSAi. *** End of Exhibit L *** EXHIBIT M SC Trade Settlement Amount This Exhibit M is only applicable when Buyer is not Scheduling Coordinator. If, in any Settlement Interval, a Generating Facility’s Scheduled Amount differs from the Generating Facility’s Metered Energy by more than the SC Trade Tolerance Band, then Seller shall be subject to a payment adjustment calculated by Buyer in accordance with the procedures and formulas set forth below.
Appears in 11 contracts
Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement
