Available Capacity Amount definition
Available Capacity Amount means the lesser of: (i) the quantity of Unforced Capacity from the Capacity Facility that is offered by Generator and cleared by PJM in the relevant Base Residual Auction, and (ii) the Awarded Capacity Amount.
Available Capacity Amount means the lesser of: (i) the quantity of Unforced Capacity from the Capacity Facility that is offered by Generator and cleared by PJM in the relevant Base Residual Auction [RPM Auction], and (ii) the Awarded Capacity Amount.
Available Capacity Amount means the lesser of: (i) the quantity of unforced capacity from the Capacity Facility that is offered by Generator and cleared by PJM in the relevant Base Residual Auction, and (ii) the quantity of unforced capacity from the Capacity Facility that the Capacity Facility is deemed by PJM to be capable of supplying for the Delivery Year in accordance with the RPM Rules; provided, however, if the Available Capacity Amount exceeds the Awarded Capacity Amount then in such case for purposes of the calculations required under Section 4.1, the Available Capacity Amount shall equal the Awarded Capacity Amount.
Examples of Available Capacity Amount in a sentence
All calculations, including but not limited to RCP, New Jersey RCP, Available Capacity Amount, and Utility Load Ratios, will be rounded to the nearest third decimal place.
With respect to Generator, Generator fails to submit a supply offer for an amount equal to ninety percent (90%) or more of the Awarded the Available Capacity Amount from the Capacity Facility in any Base Residual Auction with respect to a Delivery Year during the Delivery Term.
More Definitions of Available Capacity Amount
Available Capacity Amount means the lesser of: (i) for each Delivery Year of the Term, the quantity of unforced capacity Unforced Capacity from the Capacity Facility that is determined by PJM and offered by Generator and cleared by PJM in the relevant Base Residual Auction, and (ii) the quantity of unforced capacity from the Capacity Facility that the Capacity Facility is deemed by PJM to be capable of supplying for the Delivery Year in accordance with the RPM Rules; provided, however, if the Available Capacity Amount exceeds the Awarded Capacity Amount then in such case for purposes of the calculations required under Section 4.1, the Available Capacity Amount shall equal the Awarded Capacity Amount.