Common use of XXX Deficiency Charge Clause in Contracts

XXX Deficiency Charge. 1. Each Party that specifies ALM pursuant to Schedule 5.2 but, in an Emergency, does not deliver, upon the request of the Office of the Interconnection, its entire specified amount of ALM will be assessed a deficiency charge in accordance with the following formula: Compliance Deficiency Value x Daily Capacity Deficiency Rate x 365/10 Where:

Appears in 6 contracts

Samples: Reliability Assurance Agreement (Appalachian Power Co), Reliability Assurance Agreement (Ohio Power Co), Reliability Assurance Agreement (Kentucky Power Co)

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XXX Deficiency Charge. 1. Each Party that specifies ALM pursuant to Schedule 5.2 but, in an Emergency, does not deliver, upon the request of the Office of the Interconnection, its entire specified amount of ALM will be assessed a deficiency charge in accordance with the following formula: Compliance Deficiency Value x Daily Capacity Deficiency Rate x 365/10 Where:

Appears in 1 contract

Samples: Reliability Assurance Agreement

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