Common use of Responsibility for Forgone Energy Clause in Contracts

Responsibility for Forgone Energy. ‌ (a) The amount of Renewable Electricity which the Facility is able to generate and Deliver may be reduced from time to time during the Support Period due to transmission constraints. The Generator shall, each calendar year during the Support Period, bear the risk of any resulting Forgone TC Energy in such calendar year in an amount equal to two hundred (200) hours multiplied by the Contract Capacity (the "Annual Forgone TC Energy Threshold") and shall not be entitled to any payment from the AESO with respect thereto. The AESO shall, however, pay the Generator, in accordance with Section 7.3, for any Forgone TC Energy in any calendar year which is in excess of the Annual Forgone TC Energy Threshold. The Annual Forgone TC Energy Threshold shall, for the calendar year during which Commercial Operation occurs, be equal to the product of: (i) such threshold multiplied by (ii) the number of days from and after the Commercial Operation Date to the end of such calendar year divided by 365 days. (b) The amount of Renewable Electricity which the Facility is able to generate and Deliver may also be reduced from time to time during the Support Period due to Designated Changes in Law. The AESO shall pay the Generator, in accordance with Section 7.4, for any resulting Forgone CIL Energy.

Appears in 2 contracts

Samples: Renewable Electricity Support Agreement, Renewable Electricity Support Agreement

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Responsibility for Forgone Energy. (a) The amount of Renewable Electricity which the Facility is able to generate and Deliver may be reduced from time to time during the Support Period due to transmission constraints. The Generator shall, each calendar year during the Support Period, bear the risk of any resulting Forgone TC Energy in such calendar year in an amount equal to two hundred (200) hours multiplied by the Contract Capacity (the "Annual Forgone TC Energy Threshold") and shall not be entitled to any payment from the AESO with respect thereto. The AESO shall, however, pay the Generator, in accordance with Section 7.3, for any Forgone TC Energy in any calendar year which is in excess of the Annual Forgone TC Energy Threshold. The Annual Forgone TC Energy Threshold shall, for the calendar year during which Commercial Operation occurs, be equal to the product of: (i) such threshold multiplied by (ii) the number of days from and after the Commercial Operation Date to the end of such calendar year divided by 365 days. (b) The amount of Renewable Electricity which the Facility is able to generate and Deliver may also be reduced from time to time during the Support Period due to Designated Changes in Law. The AESO shall pay the Generator, in accordance with Section 7.4, for any resulting Forgone CIL Energy.

Appears in 2 contracts

Samples: Renewable Electricity Support Agreement, Renewable Electricity Support Agreement

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Responsibility for Forgone Energy. ‌ (a) The amount of Renewable Electricity which the Facility is able to generate and Deliver may be reduced from time to time during the Support Period due to transmission constraints. The Generator shall, each calendar year during the Support Period, shall bear the risk of any resulting Forgone TC Energy in such calendar year in an amount equal to two hundred (200) hours multiplied by the Contract Capacity on an annual basis (the "Annual Forgone TC Energy Threshold") and shall not be entitled to any payment from the AESO with respect thereto. The AESO shall, however, pay the Generator, in accordance with Section 7.3, for any Forgone TC Energy in any calendar year which is in excess of the Annual Forgone TC Energy Threshold. The Annual Forgone TC Energy Threshold shall, for the calendar year during which Commercial Operation occurs, be equal to the product of: (i) such threshold multiplied by (ii) the number of days from and after the Commercial Operation Date to the end of such calendar year divided by 365 days. (b) The amount of Renewable Electricity which the Facility is able to generate and Deliver may also be reduced from time to time during the Support Period due to Designated Changes in Law. The AESO shall pay the Generator, in accordance with Section 7.4, for any resulting Forgone CIL Energy.

Appears in 1 contract

Samples: Renewable Electricity Support Agreement

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