Common use of Provision to Achieve Planning Reserve Levels Clause in Contracts

Provision to Achieve Planning Reserve Levels. (a) Each Company shall own, or have available to it under contract; such generating capability and other facilities as are necessary to supply its Company Load Responsibility plus its Planning Reserve Level. (b) The Joint Resource Plan shall be periodically reviewed and adjusted to provide the Companies their required Planning Reserve Levels. Any Company with Reserve Capacity in excess of its Planning Reserve Level for a future Year shall commit such excess capacity to Companies with insufficient Reserve Capacity to meet their Planning Reserve Level during that Year or any portion thereof. The deficit Companies shall make payments to the excess Companies in respect of each Month of the Year to which the commitment applies in the amount of the Capacity Commitment Charge in accordance with Schedule C. In the event that the System Capability, including outside capacity purchases, is insufficient to meet such Planning Reserve Levels the System Capability shall be allocated to provide each Company its Prorated Reserve Level. (c) The ownership percentages in future Joint Units are established in accordance with Schedule A, but may be reallocated in the Joint Resource Plan by recommendation of the Operating Committee and authorization by the CEO.

Provision to Achieve Planning Reserve Levels. (a) Each Company shall own, own or have available to it under contract; contract such generating capability and other facilities as are necessary to supply its Company Load Responsibility plus its Planning Reserve Level. (b) The Joint Resource Plan shall be periodically reviewed and adjusted to provide the Companies their required Planning Reserve Levels. Any Company with Reserve Capacity in excess of its Planning Reserve Level for a future Year shall commit such excess capacity to Companies with insufficient Reserve Capacity to meet their Planning Reserve Level during that Year or any portion thereof. The deficit Companies shall make payments to the excess Companies in respect of each Month of the Year to which the commitment applies in the amount of the Capacity Commitment Charge in accordance with Schedule C. In the event that the System Capability, including outside capacity purchases, is insufficient to meet such Planning Reserve Levels Levels, the System Capability shall be allocated to provide each Company its Prorated Reserve Level. (c) The ownership percentages in future Joint Units are established in accordance with Schedule A, but may be reallocated in the Joint Resource Plan by recommendation of the Operating Committee and authorization by the CEO.

Provision to Achieve Planning Reserve Levels. (a) Each Company shall own, or have available to it under contract; , such generating capability and other facilities as are necessary to supply its Company Load Responsibility plus its Planning Reserve Level. (b) The Joint Resource Facilities Plan shall be periodically reviewed and adjusted to provide the Companies their required Planning Reserve Levels. Any Company with Reserve Capacity in excess of its Planning Reserve Level for a future Year shall offer to commit such excess capacity to Companies with insufficient Reserve Capacity to meet their Planning Reserve Level during that Year or any portion thereofYear. The deficit Companies if they choose to purchase such capacity shall make payments to the excess Companies in respect of each Month of the Year to which the commitment applies in the amount of the Capacity Commitment Charge in accordance with Schedule C. In the event that the System Capability, including outside capacity purchases, is insufficient to meet such Planning Reserve Levels Levels, the System Capability companies with excess capability shall be allocated commit only that excess capability to provide each Company its Prorated Reserve Levelthe companies with insufficient reserve capacity. (c) The ownership percentages in future Joint Generating Units are established in accordance with Schedule A, but may be reallocated in the Joint Resource Facilities Plan by recommendation of the Operating Committee and authorization by the CEO. Any such reallocation of ownership percentages must be reasonable under the circumstances.