Common use of True Up Adjustment for Positive Imbalance Energy (Over Deliveries) Clause in Contracts

True Up Adjustment for Positive Imbalance Energy (Over Deliveries). For each CAISO settlement time interval in which there is Positive Imbalance Energy and the Imbalance Price is higher than the Contract Price times the applicable XXX Factor, Buyer shall deduct from the Monthly XXX Payment to Seller an amount equal to the quantity of Positive Imbalance Energy multiplied by the difference between the Imbalance Price and the Contract Price times the applicable XXX Factor. Buyer shall receive all Environmental Attributes for all Delivered Energy, regardless of whether any or all of it was sold into the CAISO.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

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True Up Adjustment for Positive Imbalance Energy (Over Deliveries). For each CAISO settlement time interval in which there is Positive Imbalance Energy and the Imbalance Price is higher than the product of the Contract Price times and the applicable XXX Factor, Buyer shall deduct from the Monthly XXX Payment to Seller an amount equal to the product of the (i) quantity of Positive Imbalance Energy multiplied by and (ii) the difference between (A) the Imbalance Price and (B) the product of the Contract Price times and the applicable XXX Factor. Buyer shall receive all Environmental Attributes for all Delivered Energy, regardless of whether any or all of it was sold into the CAISO.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

True Up Adjustment for Positive Imbalance Energy (Over Deliveries). For each CAISO settlement time interval in which there is Positive Imbalance Energy and the Imbalance Price is higher than the product of the Contract Price times and the applicable XXX Factor, Buyer shall deduct from the Monthly XXX Payment to Seller an amount equal to the product of (i) the quantity of Positive Imbalance Energy multiplied by and (ii) the difference between (A) the Imbalance Price and (B) the product of the Contract Price times and the applicable XXX Factor. Buyer shall receive all Environmental Attributes for all Delivered Energy, regardless of whether any or all of it was sold into the CAISO.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

True Up Adjustment for Positive Imbalance Energy (Over Deliveries). For each CAISO settlement time interval in which there is Positive Imbalance Energy and the Imbalance Price is higher than the product of the Contract Price times [and the applicable XXX Factor], Buyer shall deduct from the [monthly payment] [Monthly XXX Payment Payment] to Seller an amount equal to the product of (i) the quantity of Positive Imbalance Energy multiplied by and (ii) the difference between (A) the Imbalance Price and (B) [the product of] the Contract Price times [and the applicable XXX Factor. Buyer shall receive all Environmental Attributes for all Delivered Energy, regardless of whether any or all of it was sold into the CAISO].

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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True Up Adjustment for Positive Imbalance Energy (Over Deliveries). For each CAISO settlement time interval in which there is Positive Imbalance Energy and the Imbalance Price is higher than the Contract Price times the applicable XXX FactorPrice, Buyer shall deduct from the Monthly XXX Payment to Seller an amount equal to the product of (i) the quantity of Positive Imbalance Energy multiplied by the difference between the Imbalance Price and the Contract Price times the applicable XXX Factor. Buyer shall receive all Environmental Attributes for all Delivered Energy, regardless of whether any or all of it was sold into the CAISO.and

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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