XXX Period Energy Payment Calculation. (a) Each monthly XXX Period Energy Payment is calculated as follows: XXX PERIOD ENERGY PAYMENT, in dollars = LastHour ∑ FirstHour [(EP-LA) x APE + LA x MA] Where: EP = XXX Period Energy Price, stated in Section 2(b) of this Exhibit B (1), in dollars per kWh. APE = The sum of the Allowed Payment Energy from the Generating Facility for each hour of the XXX Period, in kWh, as determined in accordance with Section 2(c) of this Exhibit B (1). LA = Hourly Location Adjustment price, as set forth in SRAC. MA = Metered Amounts for each hour of the applicable XXX Period, in kWh. Metered Amounts for any hour is equal to the sum of Metered Amounts for all Metering Intervals in that hour. First Hour = First hour of the applicable XXX Period. Last Hour = Last hour of the applicable XXX Period. Once 120% of the Expected Term Year Net Energy Production is achieved, no additional hourly energy payments will be calculated for the remaining XXX Periods within any remaining months of the current Term Year.
Appears in 1 contract
Samples: Power Purchase and Sale Agreement
XXX Period Energy Payment Calculation. (a) Each monthly XXX Period Energy Payment is calculated as follows: XXX PERIOD ENERGY PAYMENT, in dollars = LastHour ∑ FirstHour [(EP-LA) x APE + LA x MA] Where: Where: EP = XXX Period Energy Price, stated in Section 2(b) of this Exhibit B (1), in dollars per kWh. kWh. APE = The sum of the Allowed Payment Energy from the Generating Facility for each hour of the XXX Period, in kWh, as determined in accordance with Section 2(c) of this Exhibit B (1). 1). LA = Hourly Location Adjustment price, as set forth in SRAC. MA = Metered Amounts for each hour of the applicable XXX Period, in kWh. Metered Amounts for any hour is equal to the sum of Metered Amounts for all Metering Intervals in that hour. First Hour = First hour of the applicable XXX Period. Last Hour = Last hour of the applicable XXX Period. Once 120% of the Expected Term Year Net Energy Production is achieved, no additional hourly energy payments will be calculated for the remaining XXX Periods within any remaining months of the current Term Year.
Appears in 1 contract
Samples: Power Purchase and Sale Agreement
XXX Period Energy Payment Calculation. (a) Each monthly XXX Period Energy Payment is calculated as follows: XXX PERIOD ENERGY PAYMENT, in dollars = LastHour ∑ FirstHour [(EP-LA) x APE + LA x MA] Where: Where: EP = XXX Period Energy Price, stated in Section 2(b) of this Exhibit B (1), in dollars per kWh. APE = The sum of the Allowed Payment Energy from the Generating Facility for each hour of the XXX Period, in kWh, as determined in accordance with Section 2(c) of this Exhibit B (1). 1). LA = Hourly Location Adjustment price, as set forth in SRAC. MA = Metered Amounts for each hour of the applicable XXX Period, in kWh. Metered Amounts for any hour is equal to the sum of Metered Amounts for all Metering Intervals in that hour. First Hour = First hour of the applicable XXX Period. Last Hour = Last hour of the applicable XXX Period. Period. Once 120% of the Expected Term Year Net Energy Production is achieved, no additional hourly energy payments will be calculated for the remaining XXX Periods within any remaining months of the current Term Year.
Appears in 1 contract
Samples: Power Purchase and Sale Agreement
XXX Period Energy Payment Calculation. (a) Each monthly XXX Period Energy Payment is calculated as follows: ! LastHour XXX PERIOD ENERGY PAYMENT, in dollars = LastHour ∑ FirstHour [(EP-LA) x APE + LA x MA] Where: Where: EP = XXX Period Energy Price, stated in Section 2(b) of this Exhibit B C (1), in dollars per kWh. APE = The sum of the Allowed Payment Energy from the Generating Facility for each hour of the XXX Period, in kWh, as determined in accordance with Section 2(c) of this Exhibit B C (1). 1). LA = Hourly Location Adjustment price, as set forth in SRAC. MA = Metered Amounts for each hour of the applicable XXX Period, in kWh. Metered Amounts for any hour is equal to the sum of Metered Amounts for all Metering Intervals in that hour. First Hour = First hour of the applicable XXX Period. Last Hour = Last hour of the applicable XXX Period. Period. Once 120% of the Expected Term Year Net Energy Production is achieved, no additional hourly energy payments will be calculated for the remaining XXX Periods within any remaining months of the current Term Year.
Appears in 1 contract
Samples: Power Purchase and Sale Agreement