Common use of RESOURCE ADEQUACY CAPACITY PRODUCT Clause in Contracts

RESOURCE ADEQUACY CAPACITY PRODUCT. During the Delivery Period, Seller shall provide to Buyer, pursuant to the terms of this Confirmation, the Designated RA Capacity in the amount of the Contract Quantity of (i) RA Attributes and, if applicable, LAR Attributes, and (ii) if applicable, Flexible RA Attributes from each Unit, as further marked and specified in Section 3.1, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as marked and specified in either Section 3.2 or Section 3.3 below (the “Product”), measured in MWs. The Product does not confer to Buyer any right to the electrical output from the Unit. Rather, the Product confers the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and Flexible RAR Showings, as applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction and Buyer shall not be responsible for compensating Seller for Seller’s commitments to the CAISO required by this Confirmation. Seller retains the right to sell any RA Capacity from the Unit in excess of the Unit’s Contract Quantity and any RA Attributes, LAR Attributes or Flexible RA Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation.

Appears in 1 contract

Samples: Transaction Confirmation

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RESOURCE ADEQUACY CAPACITY PRODUCT. During the Delivery Period, Seller shall provide to Buyer, pursuant to the terms of this Confirmation, the Designated RA Capacity in the amount of the Contract Quantity of (i) RA RAR Attributes and, if applicable, LAR Attributes, and (ii) FCR Attributes, if applicable, Flexible RA Attributes from each Unit, as further marked and Product is specified in Section 3.13.2, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as marked and specified in either Section 3.2 3.3 or Section 3.3 below 3.4 (the “Product”), measured in MWs. The Product does not confer to Buyer any right to the electrical output from the Unit. RatherUnits, the Product confers other than the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and Flexible RAR and/or FCR Showings, as applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction and Buyer shall not be responsible for compensating Seller for Seller’s 's commitments to the CAISO required by this Confirmation. Seller retains the right to sell pursuant to the Tariff any RA Capacity from the a Unit that is in excess of the that Unit’s Contract Quantity and any RA RAR Attributes, LAR Attributes Attributes, or Flexible RA FCR Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation.

Appears in 1 contract

Samples: Power Purchase Agreement

RESOURCE ADEQUACY CAPACITY PRODUCT. During the Delivery Period, Seller shall provide to Buyer, pursuant to the terms of this Confirmation, the Designated RA Capacity in the amount of the Contract Quantity of (i) RA RAR Attributes and, if applicable, LAR Attributes, and (ii) FCR Attributes, if applicable, Flexible RA Attributes from each Unit, as further marked and Product is specified in Section 3.13.2, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as marked and specified in either Section 3.2 3.3 or Section 3.3 below 3.4 (the “Product”), measured in MWs. The Product does not confer to Buyer any right to the electrical output from the Unit. RatherUnits, the Product confers other than the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and Flexible RAR FCR Showings, as applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction and Buyer shall not be responsible for compensating Seller for Seller’s 's commitments to the CAISO required by this Confirmation. Seller retains the right to sell pursuant to the Tariff any RA Capacity from the a Unit that is in excess of the that Unit’s Contract Quantity and any RA RAR Attributes, LAR Attributes or Flexible RA FCR Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation.

Appears in 1 contract

Samples: Eei Agreement Long Form Confirmation for Resource Adequacy

RESOURCE ADEQUACY CAPACITY PRODUCT. During the Delivery Period, Seller shall provide to Buyer, pursuant to the terms of this Confirmation, the Designated RA Capacity in the amount of the Contract Quantity of (i) RA RAR Attributes and, if applicable, LAR Attributes, and (ii) FCR Attributes, if applicable, Flexible RA Attributes from each Unit, as further marked and Product is specified in Section 3.13.2, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as marked and specified in either Section 3.2 3.3 or Section 3.3 below 3.4 (the “Product”), measured in MWs. The Product does not confer to Buyer any right to the electrical output from the Unit. RatherUnits, the Product confers other than the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and Flexible RAR and/or FCR Showings, as applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction and Buyer shall not be responsible for compensating Seller for Seller’s 's commitments to the CAISO required by this Confirmation. Seller retains the right to sell sell, pursuant to the Tariff, any RA Capacity from the a Unit that is in excess of the that Unit’s Contract Quantity and any RA RAR Attributes, LAR Attributes Attributes, or Flexible RA FCR Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation.

Appears in 1 contract

Samples: Resource Adequacy Confirmation Letter

RESOURCE ADEQUACY CAPACITY PRODUCT. During the Delivery Period, Seller shall provide to Buyer, pursuant to the terms of this Confirmation, the Designated RA Capacity in accordance with the amount of the Contract Quantity of (i) RA Attributes and, if applicable, LAR Attributes, and (ii) if applicable, Flexible RA Attributes from each Unit, as further marked and specified product types selected in Section 3.1, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as marked and specified in either Section 3.2 or Section 3.3 below (the “Product”), measured ) and the Contract Quantity set forth in MWsSection 4.3. The Product does not confer to Buyer any right to the electrical output from the Unit. RatherUnits, the Product confers other than the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and Flexible RAR and/or FCR Showings, as applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction Transaction, and Buyer shall not be responsible for compensating Seller for Seller’s 's commitments to the CAISO required by this Confirmation. Seller retains the right to sell pursuant to the Tariff any RA Capacity from the a Unit that is in excess of the that Unit’s Contract Quantity and any RA RAR Attributes, LAR Attributes Attributes, or Flexible RA FCR Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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RESOURCE ADEQUACY CAPACITY PRODUCT. During the Delivery Period, Seller shall provide the Product to Buyer, Buyer pursuant to the terms of this Confirmation, the Designated RA Capacity in the amount of the Contract Quantity of . The Product shall (ia) RA include both RAR Attributes and, if applicable, and LAR Attributes, and (iib) if applicable, Flexible RA Attributes from each Unit, as further marked and specified in Section 3.1, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as marked and specified in either Section 3.2 or Section 3.3 below (the “Product”), measured in MWsselected below. The Product does not confer to Buyer any right to the electrical output from the Unit. RatherUnits, the Product confers other than the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and Flexible RAR Showings, as Showings if applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction and Buyer shall not be responsible for compensating Seller for Seller’s 's commitments to the CAISO required by this Confirmation. Seller retains the right to sell any RA Capacity from the a Unit in excess of the that Unit’s Contract Quantity Quantity, and any RA Attributes, LAR RAR Attributes or Flexible RA LAR Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation. [***] Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request.

Appears in 1 contract

Samples: Ra Capacity Confirmation (MMC Energy, Inc.)

RESOURCE ADEQUACY CAPACITY PRODUCT. During the Delivery PeriodPeriod of Delivery, Seller shall provide the Product to Buyer, Buyer pursuant to the terms of this Confirmation, the Designated RA Capacity in the amount of the Contract Quantity of . The Product shall (ia) RA include RAR Attributes and, if applicable, LAR Attributesonly, and (iib) if applicable, Flexible RA Attributes from each Unit, as further marked and specified in Section 3.1, and the Contract Quantity shall be either a Firm RA Product or a Contingent Firm RA Product, as marked and specified in either Section 3.2 or Section 3.3 below (the “Product”), measured in MWsselected below. The Product does not confer to Buyer any right to the electrical output from the Unit. RatherUnits, the Product confers other than the right to include the Designated RA Capacity associated with the Contract Quantity in RAR Showings, LAR Showings, and Flexible RAR Showings, as Showings if applicable, and any other capacity or resource adequacy markets or proceedings as specified in this Confirmation. Specifically, no energy or ancillary services associated with any Unit is required to be made available to Buyer as part of this Transaction and Buyer shall not be responsible for compensating Seller for Seller’s 's commitments to the CAISO required by this Confirmation. Seller retains the right to sell any RA Capacity from the a Unit in excess of the that Unit’s Contract Quantity Quantity, and any RA Attributes, LAR RAR Attributes or Flexible RA LAR Attributes not otherwise transferred, conveyed, or sold to Buyer under this Confirmation. For the avoidance of doubt, the Parties acknowledge and agree that any LAR Attributes of the Units are expressly excluded from the Transaction under this Confirmation and Seller shall have the right to commit any such LAR Attributes to third parties during the Delivery Period.

Appears in 1 contract

Samples: Confirmation Letter

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