Amended PPA definition
Examples of Amended PPA in a sentence
In order to exercise the Option, PSNH shall provide a written notice to the Site Owner (or any successor thereof of record) within the Option Exercise Period, which notice shall include a statement of the value of the Cumulative Reduction (as defined in the Amended PPA) existing as of the date of expiration or termination of the Amended PPA.
Site Owner hereby grants to PSNH, and its successors and assigns, for the fixed period co-extensive with the fixed period of the twenty (20) “Operating Years” from the “In-Service Date” (as defined under the Amended PPA), an exclusive, irrevocable option (the “Option”) to purchase the Facility and the Facility Site (together, the “Facility Assets”) within the Option Exercise Period hereafter stated and subject to the purchase conditions and terms hereafter stated.
NJEA and JCP&L have entered into an Amended and Restated Power Purchase Agreement dated May 16, 2003, as amended to date (collectively, the "Amended PPA") that amends and restates the Existing PPA and provides NJEA with the option of supplying Contract Energy from sources other than the Facility.
Capitalized terms used in this Agreement that are not defined herein shall have the respective meanings given in Amended PPA.
This Agreement shall become effective on the "Partial Termination Date" under the Partial Termination Agreement dated as of July 11, 2003, between NJEA and ProGas Limited (the "Effective Date") and shall continue in full force and effect until the date and time of the termination of the Amended PPA, unless this Agreement is terminated sooner pursuant to Section 2.2. The period during which this Agreement is in effect is herein referred to as the "Term".
Under the Amended PPA, the point of interconnection for the Project will be on the WAPA ▇▇▇▇▇▇-▇▇▇▇▇▇ #2 230 kv transmission line, and the delivery point will be WAPA’s ▇▇▇▇ Substation.
In each of these cases, the Annual Contracted Quantity shall be proportionately adjusted corresponding to each expired unit of the Specified End Use Plant and each expired/terminated Amended PPA in accordance with Clause 4.1.2. Provided further that, for the purposes of determination of the Term of this Agreement, any renewal or extension of any Amended PPA beyond its original term, shall not be considered.
The actual price under the Amended PPA is confidential, market-sensitive information.
The Project and associated Amended PPA is not a form of covered procurement subject to the EPS because the generating facility has a forecast annualized capacity factor of less than 60 percent and therefore does not constitute baseload generation as defined by statute and the Adopted Interim EPS Rules.
The Original PPA was approved by the Commission in Resolution E-4340 on July 29, 2010, and the Amended PPA is being submitted for approval through this Advice Letter.