Power Utilization Levels. A record shall be kept monthly by the Customer, and provided annually to the Authority on or before the last day of February following the end of the most recent calendar year, of the maximum demand utilized each month in the facilities receiving the power covered by this Agreement. If, in any 24‐month period, the Customer's Usage Factor, as herein defined, does not exceed 80% in any six consecutive months the Authority may reduce the Contract Demand. The maximum amount by which the Authority may reduce the Contract Demand shall be determined by multiplying the Contract Demand by the quantity one minus the average "Usage Factor" in the six consecutive months of highest use in such 24‐month period during which the Usage Factor was less than 80%. The "Usage Factor" is the ratio in any month of the Customer's maximum metered demand to the sum of the contract demands, as adjusted for losses, for all categories of Authority power allocated to the facility in such month; provided however, that the sum of said contract demands shall not include any quantity of power temporarily assigned for use by others or with respect to which the Authority has received from the Customer a notice of reduction or termination pursuant to contract. Any such reduction shall be rounded to the nearest one‐hundred kilowatts. In the event of
Appears in 4 contracts
Samples: Allocation and Service Agreement, Allocation and Service Agreement, Allocation and Service Agreement
Power Utilization Levels. A record shall be kept monthly by the Customer, and provided annually to the Authority on or before the last day of February following the end of the most recent calendar year, of the maximum demand utilized each month in the facilities receiving the power covered by this Agreement. If, in any 24‐month 24-month period, the Customer's Usage Factor, as herein defined, does not exceed 80% in any six consecutive months the Authority may reduce the Contract Demand. The maximum amount by which the Authority may reduce the Contract Demand shall be determined by multiplying the Contract Demand by the quantity one minus the average "Usage Factor" in the six consecutive months of highest use in such 24‐month 24-month period during which the Usage Factor was less than 80%. The "Usage Factor" is the ratio in any month of the Customer's maximum metered demand to the sum of the contract demands, as adjusted for losses, for all categories of Authority power allocated to the facility in such month; provided however, that the sum of said contract demands shall not include any quantity of power temporarily assigned for use by others or with respect to which the Authority has received from the Customer a notice of reduction or termination pursuant to contract. Any such reduction shall be rounded to the nearest one‐hundred one-hundred kilowatts. In the event of
Appears in 3 contracts
Samples: Agreement, Allocation and Service Agreement, Allocation and Service Agreement
