Common use of RA Capacity Payments Clause in Contracts

RA Capacity Payments. (a) Seller is eligible for a RA Capacity Payment only if Buyer is able to apply the entire Project NQC towards Buyer’s RAR Showings. For each month that the foregoing condition is met, the “RA Capacity Payment” shall be the sum of (i) Metered Amounts (in MWh) for all hours in a month multiplied by (ii) the Hourly Capacity Price (in dollars per MWh) for each such hour as set forth in the most recent Contract Price Advice Letter approved by the CPUC, as determined by Buyer. 𝐿𝑎𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ 𝑅𝐴 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 = ∑ (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 × 𝐻𝑜𝑢𝑟𝑙𝑦 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑃𝑟𝑖𝑐𝑒) 𝐹𝑖𝑟𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

RA Capacity Payments. (a) Seller is eligible for a RA Capacity Payment only if Buyer is able to apply the entire Project NQC towards Buyer’s RAR Showings. For each month that the foregoing condition is met, the “RA Capacity Payment” shall be the sum of (i) Metered Amounts (in MWh) for all hours in a month multiplied by (ii) the Hourly Capacity Price (in dollars per MWh) for each such hour as set forth in the most recent Contract Price Advice Letter approved by the CPUC, as determined by Buyer. 𝐿𝑎𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ 𝑅𝐴 𝐶𝑎𝑝� 𝑎𝑐𝑖𝑡𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 = ∑ (𝑀𝑒𝑡𝑒𝑟𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 × 𝐻𝑜𝑢𝑟𝑙𝑦 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑃𝑟𝑖𝑐𝑒) 𝐹𝑖𝑟𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

RA Capacity Payments. (a) Seller is eligible for a RA Capacity Payment only if Buyer is able to apply the entire Project NQC towards Buyer’s RAR Showings. For each month that the foregoing condition is met, the “RA Capacity Payment” shall be the sum of (i) Metered Amounts (in MWh) for all hours in a month multiplied by (ii) the Hourly Capacity Price (in dollars per MWh) for each such hour as set forth in the most recent Contract Price Advice Letter approved by the CPUC, as determined by Buyer. 𝐿𝑎𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ 𝑅𝐴 𝐶𝑎𝑝� 𝐹𝑖𝑟𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ 𝑎𝑐𝑖𝑡𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 = ∑ (𝑀𝑒𝑡𝑒��𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 )× 𝐻𝑜𝑢𝑟𝑙𝑦 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑃𝑟𝑖𝑐𝑒) 𝐹𝑖𝑟𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ

RA Capacity Payments. (a) Seller is eligible for a RA Capacity Payment only if Buyer is able to apply the entire Project NQC towards Buyer’s RAR Showings. For each month that the foregoing condition is met, the “RA Capacity Payment” shall be the sum of (i) Metered Amounts (in MWh) for all hours in a month multiplied by (ii) the Hourly Capacity Price (in dollars per MWh) for each such hour as set forth in the most recent Contract Price Advice Letter approved by the CPUC, as determined by Buyer. 𝐿𝑎𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖Last hour in month 𝑛 𝑚𝑜𝑛𝑡ℎ 𝑅𝐴 𝐶𝑎𝑝Σ First hour in month 𝑎𝑐𝑖𝑡𝑦 𝑃𝑎𝑦𝑚𝑒𝑛𝑡 = ∑ (𝑀𝑒𝑡𝑒��𝑒𝑑 𝐴𝑚𝑜𝑢𝑛𝑡𝑠 )× 𝐻𝑜𝑢𝑟𝑙𝑦 𝐶𝑎𝑝𝑎𝑐𝑖𝑡𝑦 𝑃𝑟𝑖𝑐𝑒) 𝐹𝑖𝑟𝑠𝑡 ℎ𝑜𝑢𝑟 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ