Common use of UNDERFREQUENCY RELAY CHARGES Clause in Contracts

UNDERFREQUENCY RELAY CHARGES. If an Electric Distributor is determined to not have the required underfrequency relays, it shall pay an underfrequency relay charge of: Charge = D x R x 365 where D = the amount, in megawatts, the Electric Distributor is deficient; and R = the daily rate per megawatt, which shall be based on the annual carrying charges for a new combustion turbine generator, installed and connected to the transmission system, which daily deficiency rate as of the Effective Date shall be $58.400/per kilowatt-year or $160 per megawatt-day.

Appears in 6 contracts

Samples: Operating Agreement (PPL Electric Utilities Corp), Operating Agreement (Pp&l Resources Inc), Operating Agreement (PPL Corp)

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