Examples of Capacity Nomination in a sentence
During periods of prorationing, New Shippers will be allocated Existing Capacity as follows: If less than four (4) New Shippers have submitted Existing Capacity Nominations for the affected line segment, each New Shipper will be allocated the lesser of either two and one-half percent (2.5%) of available Existing Capacity or its Existing Capacity Nomination.
Any Participant which prior to the end of the Credit Installment Period wishes to increase its Capacity Nomination shall be treated as an Additional Participant as to such increase and shall follow all of the procedures set forth in this Article VIII (including without limitation the obligation to make the payments required by Section 8.02 and Section 8.04).
As used in this Section 6.4, the terms Original Capacity Nomination and Participant shall have the meanings assigned to them in Article I of the Funding and Construction Agreement.
For purposes of the foregoing sentence, capacity shall be deemed to be preempted from an Original Participant in the following order of priority: first, capacity, if any, which is part of an Original Participant's increase in Capacity Nomination pursuant to Section 8.06, and second, capacity which is part of an Original Participant's Original Capacity Nomination.
In lieu of the payment and distribution required by Section 8.04, if the preempted Participant is an Original Participant and the capacity so preempted is part of its Original Capacity Nomination, the Additional Participant shall in addition pay IID for distribution to the preempted Participant an amount equal to fifteen percent (15%) of the amount calculated pursuant to the formula set forth in clause (b) above.
Notwithstanding anything to the contrary in Sections 8.02 through 8.04, the following rule shall apply to the extent that the Capacity Nomination specified by an Additional Participant preempts transmission capacity which was formerly held by another Participant by operation of Section 6.3 of the Standard Form Transmission Agreement or a provision of another form of Transmission Agreement similar in substance thereto.
For purposes of calculating the payments and Transmission Credit transfers required by this Article VIII, the increase in Capacity Nomination requested by such Participant shall be treated as its Capacity Nomination (CN(i) in Section 8.02) and its Capacity Nomination prior to the increase shall be treated as part of the Capacity Nominations of the existing Participants (CN(t) in Section 8.02).
Aggregator’s delivery of a “Customer Authorization for Participation in Aggregated Demand Response Programs Form” adding one or more customer service accounts to one of Aggregator’s groups shall be required before Aggregator can submit Capacity Nominations containing any part of the customer service account’s load or receive any payment for such Capacity Nomination.
Allocation of capacity above that required to satisfy the capacity allocations which have been offered and accepted in accordance with section 1 will be offered for allocation from 1 July 2010 and beyond in accordance with the PWCS Annual Capacity Nomination and Allocation Process set out in section 2A below.
PWCS Annual Capacity Nomination and Allocation Process (a) Expansion Planning PWCS will review its Capacity, the PWCS System Assumptions and its expansion plans each year.