Power Purchase Agreements Sample Clauses
Power Purchase Agreements. 566 PSNH shall retain PPAs and sell the energy and capacity from those agreements into 567 the market, with the difference between the contract costs and the market revenues associated 568 with the PPAs’ energy and capacity to be recovered through the SCRC. RECs from such 569 PPAs will be managed prudently to benefit customers.
Power Purchase Agreements. On or before the tenth day of each month, a report (i) setting forth each Forced Outage and Scheduled Outage to occur under (and as defined in) the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement during the preceding month with an explanation of the cause of each such outage (including whether such cause constitutes a Force Majeure under (and as defined in) the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement, respectively, (ii) keeping Agent currently informed with regard to any tests conducted under the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement, the likelihood of making any payments (refunds of capacity payments or otherwise) to Virginia Power in the ensuing 12 month period, and the likelihood of attaining Dependable Capacity under and (as defined in) the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement (iii) stating whether a Rova I Disallowance or a Rova II Disallowance has occurred and, if so, all details pertaining thereto and, if not, describing any action (of which Borrower or any of its Affiliates has knowledge) by a government or regulatory authority to investigate whether there should be a Rova I Disallowance or a Rova II Disallowance and the status of any such action (iv) stating whether the Rova I Power Purchase Agreement rates, if subject to FERC jurisdiction, are under investigation or have been modified by FERC, (v) describing Virginia Power’s dispatch of the Rova I Facility and the Rova II Facility during the preceding month, and the schedule of operations provided by Virginia Power pursuant to Section 7.6 of the Rova I Power Purchase Agreement and pursuant to Section 7.5 of the Rova II Power Purchase Agreement for such month and (vi) stating the amount of steam delivered to the Steam Host from the Rova I Facility and the amount of steam delivered to the Steam Host from the Rova II Facility, in each case during the preceding month;
Power Purchase Agreements. State Support Agreement;
Power Purchase Agreements. Elbow Creek Wind Project, LLC and Goat Wind, LP shall have entered into power purchase or hedge agreements for all of the electric energy generated by the Project owned by such Project Company on terms reasonably acceptable to Seller and Purchaser.
Power Purchase Agreements. Company to obtain and deliver to RV Estates a feasibility study for each power purchase agreement executed by the Company prior to Closing.
Power Purchase Agreements. To the knowledge of the Company, neither the Company nor any of its Subsidiaries is in default under any power purchase agreement to which it is a party, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Power Purchase Agreements. If, at the Closing, ODEC has not agreed to assume all of Seller’s rights and obligations under the Power Purchases Agreements from and after the Effective Time, Buyer will assume such rights and obligations (which Buyer may share with XXXX as the buyer under the Sister Purchase Agreement) and subject to any administrative revisions to such agreements to reflect Buyer’s status as a cooperative. Such an agreement, if required, will be referred to herein as the “PPA Assignment and Assumption Agreement.”
Power Purchase Agreements. (a) The Borrower may not enter into any Power Purchase Agreement other than in accordance with the terms of this Agreement.
(b) Subject to sub-clause (c) below, the aggregate commitment of the Borrower to supply capacity pursuant to the PPAs (including the rights, if any, of any End User to request any increase of the capacity sold to it by the Borrower), other than PPAs the term of which do not exceed one (1) year, shall not exceed, at any time, one hundred and forty three percent (143%) of the net electrical output prescribed under the Permanent License.
(c) Notwithstanding sub-clause (b) above, in the event that the amounts payable by the Borrower to any other Person in connection with the sale or consumption of energy in excess of the net electrical output prescribed under the Permanent License, on any calendar year, exceeds one million USD (USD 1,000,000), or its equivalent, the Borrower shall promptly notify the Senior Agent and shall act in accordance with any instructions given by it, including in respect of termination of PPAs in excess of the net electrical output prescribed under the Permanent License.
(d) The Borrower must ensure that:
Power Purchase Agreements. 1. Power Purchase Agreement between JPS and the Power Company, dated October 10, 1994, as amended.
2. GOJ Guarantee between GOJ and the Power Company, dated October 10, 1994.
Power Purchase Agreements. The Borrower shall only enter into any PPA’s in accordance with all of the following provisions:
(a) With respect to an aggregate capacity of 75MW, the Borrower may enter into PPA at its discretion provided that; (i) no individual PPA or series of PPA with one Electricity Buyer will exceed 20MW; (ii) each PPA will include the Borrower’s right to assign (including by way of a pledge) all its rights and obligation under the PPA to the Senior Lenders; and (iii) none of the parameters of sub-Clause (b) below are exceeded. The Borrower shall provide the Agent with copies of PPA’s entered into in accordance with this sub-Clause.
(b) Notwithstanding (a) above, the Borrower shall submit for the Agent’s approval, any PPA with an Electricity Buyer where:
(i) The PPA is for 40MW or more; Final-January 2nd, 2011
(ii) The discount granted to the Electricity Buyer with respect to the Generation Component exceeds 10%;
(iii) The term of the PPA is for a period shorter than 10 years from the commencement of supply of electricity to the Electricity Buyer (the “Commencing Date”), excluding an early termination option of the Electricity Buyer (subject to a first refusal right of the Borrower), such termination may not become effective for a period of at least five (5) years from the Commencing Date (unless such early termination option of the Electricity Buyer has been provided with respect to PPAs executed prior to the Construction Completion with Electricity Buyers which are contemplating to build their own IPPs, for which the termination may not become effective for a period of at least three (3) years from the Commencing Date); and/or
(iv) The PPA is with an Affiliate of the Borrower.
(c) For any PPA which exceeds the capacity referred to under (a) above:
(i) The PPA will include the Borrower’s right of early termination in case the Average Generation Component decreases below 24.36 Agurot per KWh linked to the consumer price index.
(ii) The PPA will not require the Borrower to sell the electricity at a discount in case of a shortage of natural gas.
(iii) During the term of the PPA, the Electricity Buyer shall not purchase electricity at a single site that is being consumed through the meters in this site from any other source except for the Borrower.
(iv) The PPA will include the Borrower’s right to assign all its rights and obligation under the PPA to the Senior Lenders.
(d) In addition, the Borrower:
(i) Shall only exercise its discretions in respect of any PPA, if req...