Capacity Credits definition

Capacity Credits means ZRCs or (i) if ZRCs are no longer recognized by MISO, such other form of capacity credits or capacity-related benefits that replaces ZRCs and that MISO recognizes for use in the satisfaction of MISO’s resource adequacy requirements or (ii) if a Balancing Authority other than MISO is the applicable Balancing Authority, such other form of capacity credits or capacity-related benefits that such Balancing Authority recognizes for use in the satisfaction of its resource adequacy or other similar requirements.

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Capacity Credits means ZRCs or, if ZRCs are no longer recognized by MISO, such other form of capacity credits or capacity-related benefits that replaces ZRCs and that MISO recognizes for use in the satisfaction of MISO’s resource adequacy requirements.

Capacity Credits means credits generated by a wastewater treatment plant by

Examples of Capacity Credits in a sentence

• Seller warrants that it will deliver to Buyer good and valid title to all such Capacity Credits delivered hereunder free and clear of all security interests, purchase rights, claims, charges, liens, and other encumbrances of any kind or any interest therein or thereto.

• Buyer shall be responsible for all Taxes imposed on or with respect to Capacity Credits or the sale, transfer, or transmission thereof pursuant to this Agreement, in each case at or after title transfer pursuant to Section 3.2(a).

• Subject to the other terms hereof, including Section 4.2, for each calendar month of a given Planning Period during the Capacity Credit Term, Buyer shall pay to Seller the Monthly Payment determined in accordance with Schedule 4.1 for Capacity Credits delivered to Buyer for such month up to the applicable Contract Quantity.

• In the event of Force Majeure, Piedmont Electric is under no obligation to continue paying the Member Capacity Credits and/or secure an alternative source of solar electric generation to offset the lost solar energy production from Piedmont Electric Solar Farms, until such time as the detrimental effects upon the Piedmont Electric Solar Farms caused by the Force Majeure event can be repaired or remedied by Piedmont Electric.

• Such Capacity Credits may be used by themselves, or along with any other options for meeting capacity obligations imposed under the Reliability Assurance Agreement.

More Definitions of Capacity Credits

Capacity Credits has the meaning set forth in the PJM Reliability Agreement.

Capacity Credits means those payments by a utility for the purchase of electric energy generated by the Facility made pursuant to applicable

Capacity Credits means credits for capacity which meet the requirements set forth in the Reliability Assurance Agreement and the PJM Rules as defined therein.

Capacity Credits shall have the same meaning as set forth in Section 2.3 ---------------- of Schedule 11 to the Operating Agreement of the PJM Interconnection, L.L.C.

Capacity Credits means ZRCs or, if ZRCs are no longer recognized by MISO, such other form of capacity credits or capacity-related benefits that replaces ZRCs and that MISO recognizes for use in the satisfaction of MISO resource adequacy requirements.

Capacity Credits means ZRCs or (i) if ZRCs are no longer recognized by MISO, such other form of capacity credits or capacity-related benefits that replaces ZRCs and that MISO recognizes for use in the satisfaction of MISO’s resource adequacy requirements or (ii) if a Balancing Authority other than MISO is the applicable Balancing Authority, such other form of capacity credits or capacity-related benefits that such Balancing Authority recognizes for use in the satisfaction of its resource adequacy or other similar requirements. “Capacity Rate” means the rate, expressed in $/kW-year, payable by Buyer to Seller for the contractually-stipulated capacity for a defined period during the Delivery Term, as more particularly described in Section

Capacity Credits has the meaning specified in the Reliability Assurance Agreement.