Reduced Dispatch AgreementReduced Dispatch Agreement • March 1st, 2005 • Midland Cogeneration Venture Limited Partnership • Electric services • Michigan
This Reduced Dispatch Agreement including all exhibits hereto (“RDA”) is made this 7 day of July 2004, between Midland Cogeneration Venture Limited Partnership (“MCV”), a Michigan limited partnership, with offices at 100 Progress Place, Midland, Michigan 48640, and Consumers Energy Company (“CECo”), a Michigan corporation, with offices at 1945 West Parnall Road, Jackson, Michigan 49201 (sometimes referred to singularly as “Party” and collectively as the “Parties”) and is entered into pursuant to the RCA (defined below).
RESOURCE CONSERVATION AGREEMENTResource Conservation Agreement • March 1st, 2005 • Midland Cogeneration Venture Limited Partnership • Electric services • Michigan
Where MPI is the initial Market Price of Energy from (1) above and MWTSM is the lower of 50% of the total sold (in MW) in the applicable hour or 150 MW. If the above formula was applied to Method 1 Example 1: (a) MPI would equal $33/MW, (b) MWTSM would equal 112.5 MW, and (c) MPMAX would equal $35.10/MW.
