Common use of When Daily Short Clause in Contracts

When Daily Short. Term Power and Energy is purchased by the supplying Party from a Third Party specifically for the reserving Party, the reserving Party shall pay the supplying Party all of the following which are applicable: (a) the demand charge paid therefor by the supplying Party to the Third Party for such electric power and energy; (b) when IPL is the supplying Party: (1) for any day such Daily Short-Term Power and Energy is reserved, a demand charge per kilowatt to be agreed upon by the Parties at the time such Daily Short-Term Power and Energy is reserved, at a rate of up to $0.058 per kilowatt reserved (such charge pertains to the reservation of transmission). In the event the amount of such Daily Short-Term Power and Energy is reduced by IPL, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per kilowatt of the reduction for each hour in any day during which such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any, in the demand charge paid by IPL to the Third Party; (2) for each kilowatt-hour purchased by IPL from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by IPL, plus one (1) mill per kilowatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on IPL*s system on account of the transaction, and plus any taxes incurred by IPL on account of the transaction; (c) when PSI is the supplying Party: (1) Non-firm transmission service per the provisions of the CINergy Services, Inc., FERC Electric Tariff, Original Volume No. 3, Non-Firm Transmission Servixx Xxxxxxxx Xxxxxx - XXX (xx xxx xxxxxxxxx xxxxxxxxxxxx xxxxxx of similar service) must be obtained. In the event the amount of such Daily Short-Term Power and Energy is reduced by PSI, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per megawatt of the reduction for each hour in any day during which any such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any in the demand charge paid by PSI to the Third Party; (2) for each megawatt-hour purchased by PSI from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by PSI, plus $1.00 per megawatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on the system of the CINergy Operating Companies on account of the transaction, and plus any regulatory commission charges and taxes incurred by PSI on account of the transaction.

When Daily Short. Term Power and Energy is purchased by the supplying Party from a Third Party specifically for the reserving Party, the reserving Party shall pay the supplying Party all of the following which are applicable: (a) the demand charge paid therefor by the supplying Party to the Third Party for such electric power and energy; (b) when IPL is the supplying Party: (1) for any day such Daily Short-Term Power and Energy is reserved, a demand charge per kilowatt to be agreed upon by the Parties at the time such Daily Short-Term Power and Energy is reserved, at a rate of up to $0.058 per kilowatt reserved (such charge pertains to the reservation of transmission). In the event the amount of such Daily Short-Term Power and Energy is reduced by IPL, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per kilowatt of the reduction for each hour in any day during which such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any, in the demand charge paid by IPL to the Third Party; (2) for each kilowatt-hour purchased by IPL from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by IPL, plus one (1) mill per kilowatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on IPL*s system on account of the transaction, and plus any taxes incurred by IPL on account of the transaction; (c) when PSI is the supplying Party: (1) Non-firm transmission service per the provisions of the CINergy Services, Inc., FERC Electric Tariff, Original Volume No. 3, Non-Firm Transmission Servixx Xxxxxxxx Xxxxxx Service Standard Tariff - XXX NXX (xx xxx xxxxxxxxx xxxxxxxxxxxx xxxxxx of similar servicexx xxxxxxx xxxxxxx) must be obtained. In the event the amount of such Daily Short-Term Power and Energy is reduced by PSI, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per megawatt of the reduction for each hour in any day during which any such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any in the demand charge paid by PSI to the Third Party; (2) for each megawatt-hour purchased by PSI from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by PSI, plus $1.00 per megawatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on the system of the CINergy Operating Companies on account of the transaction, and plus any regulatory commission charges and taxes incurred by PSI on account of the transaction.

When Daily Short. Term Power and Energy is purchased by the supplying Party from a Third Party specifically for the reserving Party, the reserving Party shall pay the supplying Party all of the following which are applicable: (a) the demand charge paid therefor by the supplying Party to the Third Party for such electric power and energy; (b) when IPL is the supplying Party: (1) for any day such Daily Short-Term Power and Energy is reserved, a demand charge per kilowatt to be agreed upon by the Parties at the time such Daily Short-Term Power and Energy is reserved, at a rate of up to $0.058 per kilowatt reserved (such charge pertains to the reservation of transmission). In the event the amount of such Daily Short-Term Power and Energy is reduced by IPL, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per kilowatt of the reduction for each hour in any day during which such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any, in the demand charge paid by IPL to the Third Party; (2) for each kilowatt-hour purchased by IPL from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by IPL, plus one (1) mill per kilowatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on IPL*s system on account of the transaction, and plus any taxes incurred by IPL on account of the transaction; (c) when PSI is the supplying Party: (1) Non-firm transmission service per the provisions of the CINergy Services, Inc., FERC Electric Tariff, Original Volume No. 3, Non-Firm Transmission Servixx Xxxxxxxx Service Sxxxxxxx Xxxxxx - XXX (xx xxx xxxxxxxxx xxxxxxxxxxxx xxxxxx of xx similar service) must be obtained. In the event the amount of such Daily Short-Term Power and Energy is reduced by PSI, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per megawatt of the reduction for each hour in any day during which any such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any in the demand charge paid by PSI to the Third Party; (2) for each megawatt-hour purchased by PSI from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by PSI, plus $1.00 per megawatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on the system of the CINergy Operating Companies on account of the transaction, and plus any regulatory commission charges and taxes incurred by PSI on account of the transaction.

When Daily Short. Term Power and Energy is purchased by the supplying Party from a Third Party specifically for the reserving Party, the reserving Party shall pay the supplying Party all of the following which are applicable: (a) the demand charge paid therefor by the supplying Party to the Third Party for such electric power and energy; (b) when IPL is the supplying Party: (1) for any day such Daily Short-Term Power and Energy is reserved, a demand charge per kilowatt to be agreed upon by the Parties at the time such Daily Short-Term Power and Energy is reserved, at a rate of up to $0.058 per kilowatt reserved (such charge pertains to the reservation of transmission). In the event the amount of such Daily Short-Term Power and Energy is reduced by IPL, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per kilowatt of the reduction for each hour in any day during which such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any, in the demand charge paid by IPL to the Third Party; (2) for each kilowatt-hour purchased by IPL from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by IPL, plus one (1) mill per kilowatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on IPL*s IPL's system on account of the transaction, and plus any taxes incurred by IPL on account of the transaction; (c) when PSI is the supplying Party: (1) Non-firm transmission service per the provisions of the CINergy Services, Inc., FERC Electric Tariff, Original Volume No. 3, Non-Firm Transmission Servixx Xxxxxxxx Xxxxxx Service Standard Tarxxx - XXX (xx xxx xxxxxxxxx xxxxxxxxxxxx xxxxxx of similar xx xxxilar service) must be obtained. In the event the amount of such Daily Short-Term Power and Energy is reduced by PSI, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per megawatt of the reduction for each hour in any day during which any such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any in the demand charge paid by PSI to the Third Party; (2) for each megawatt-hour purchased by PSI from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by PSI, plus $1.00 per megawatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on the system of the CINergy Operating Companies on account of the transaction, and plus any regulatory commission charges and taxes incurred by PSI on account of the transaction.

When Daily Short. Term Power and Energy is purchased by the supplying Party from a Third Party specifically for the reserving Party, the reserving Party shall pay the supplying Party all of the following which are applicable: (a) the demand charge paid therefor by the supplying Party to the Third Party for such electric power and energy; (b) when IPL is the supplying Party: (1) for any day such Daily Short-Term Power and Energy is reserved, a demand charge per kilowatt to be agreed upon by the Parties at the time such Daily Short-Term Power and Energy is reserved, at a rate of up to $0.058 per kilowatt reserved (such charge pertains to the reservation of transmission). In the event the amount of such Daily Short-Term Power and Energy is reduced by IPL, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per kilowatt of the reduction for each hour in any day during which such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any, in the demand charge paid by IPL to the Third Party; (2) for each kilowatt-hour purchased by IPL from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by IPL, plus one (1) mill per kilowatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on IPL*s IPL s system on account of the transaction, and plus any taxes incurred by IPL on account of the transaction; ; (c) when PSI is the supplying Party: (1) Non-firm transmission service per the provisions of the CINergy Services, Inc., FERC Electric Tariff, Original Volume No. 3, Non-Firm Transmission Servixx Sexxxxx Xxxxxxxx Xxxxxx - XXX (xx xxx xxxxxxxxx xxxxxxxxxxxx xxxxxx xxxiff of similar service) must be obtained. In the event the amount of such Daily Short-Term Power and Energy is reduced by PSI, said demand charge shall be reduced by the sum of (i) one-sixteenth (1/16) of the said agreed upon daily rate per megawatt of the reduction for each hour in any day during which any such reduction is in effect, such reduction not to exceed the agreed upon demand charge for such day, and (ii) the reduction, if any in the demand charge paid by PSI to the Third Party; ; (2) for each megawatt-hour purchased by PSI from a Third Party to supply Daily Short-Term Energy delivered during such period, an energy charge of 100% of the Out-of-Pocket Cost paid therefor by PSI, plus $1.00 per megawatt-hour (for difficult to quantify energy-related costs), plus any transmission losses resulting on the system of the CINergy Operating Companies on account of the transaction, and plus any regulatory commission charges and taxes incurred by PSI on account of the transaction.