Common use of Start Up Charge Clause in Contracts

Start Up Charge. For each Start Up of a Unit pursuant to the --------------- Dispatch of such Unit by Buyer, Seller shall be entitled to a payment of $2500.00 (the "Start Up Charge") in June 1, 1999 dollars. At the beginning of each Contract Year (i.e., January 1), thereafter, the Start Up Charge shall be adjusted by the change in the GDP-IPD from the GDP-IPD value on the previous January 1 (or June 1 in the case of the first Contract Year). Seller shall pay for the gas consumed during any Failed Starts.

Appears in 2 contracts

Samples: Power Sales Agreement (Dominion Resources Inc /Va/), Power Sales Agreement (Dominion Resources Inc /Va/)

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Start Up Charge. For each Start Up of a Unit pursuant to the --------------- Dispatch of such Unit by Buyer, Seller shall be entitled to a payment of $2500.00 (the "Start Up Charge") in June 1, 1999 dollars. At the beginning of each Contract Year (i.e., January 1), thereafter, the Start Up Charge shall be adjusted by the change in the GDP-IPD from the GDP-IPD value on the previous January 1 (or June 1 in the case of the first Contract Year). Seller shall pay for the gas consumed during any Failed Starts.

Appears in 2 contracts

Samples: Power Sales Agreement (Aquila Inc), Power Sales Agreement (Aquila Inc)

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