Capacity purchase definition

Capacity purchase or “sale commitment” means electric generating capacity which a utility has committed to purchase or sell by means of contracts or other enforceable agreements.
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Capacity purchase shall have the meaning set forth in Appendix A.
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Examples of Capacity purchase in a sentence

  • Except for System Peak Responsibility, all other information shall be provided prior to establishing System Peak Responsibility for a Capacity Year and shall include; validation of System Capacity per SPP Rating of Generating Equipment Criteria, Capacity purchase and sale contracts, Firm Power purchase and sale contracts, and firm transmission service agreements.

  • Failure of the small power producing facility to operate at the level of performance forecasted by the customer shall result in the Company adjusting the Capacity purchase price to reflect the demonstrated performance of the small power producing facility in question.B Maintenance or Back-Up Capacity: Small power producing customers desiring standby capacity for equipment failure or planned maintenance may contract with the Company the amount of standby capacity desired.

  • Given the number of Customers that have already executed the SSSA, we can no longer change elements of this critical standard agreement.In addition to the SSSA, Customers will enter into a separate confidential Primary Capacity Agreement providing the specific details of a Customer’s Capacity purchase (size, tenor, price).The SSSA and Primary Capacity Agreements are agreements between the Customer and TAQA Gas Storage B.V. (“GSB”).

  • Deriving the Shaping Capacity purchase amount for an example month (November): Determine the measured FY 2010 variance between the customer’s monthly HLH peak and average HLH load for the month, and then compare that to the customer's Net Requirement amount (because that is its limit).

  • Capacity purchase fees are now presented as a separate line item and continue to exclude the component of fees related to aircraft costs which are accounted for as lease liabilities in accordance with IFRS 16.

  • The program is a candidate for scaling up at a later stage2 .▪ BPO market development (from $0.3m to $6.6m): The ongoing BPO Capacity purchase pilot has shown that take-up of capacity is constrained by the ability of the BPO industry to scale up.

  • The net amounts consisted of the following for the three months ended March 31 (in millions, except percentage changes): Capacity purchase expenses$213$353$(140)(39.7)%Aircraft sublease income -(61)(61)(100.0)%Regional capacity purchase, net$213$292$ (79)(27.1)% Capacity purchase expenses decreased due to rate reductions in conjunction with our amended capacity purchase agreement with ExpressJet effective July 1, 2008 and capacity reductions.

  • Technical assistance activities in this area, however, have been retained.▪ Capacity purchase for Government use (from $7m to $6m): Capacity prices are now lower than initial estimates.▪ BPO capacity purchase (from $8m to $1.5m): Due partly to industry development and also to implementation delays, the absorption of funds for this activity will be significantly lower than expected.

  • Capacity purchase agreement shall be executed in accordance with the standard agreement for the purchase of the service of maintaining the availability of capacity approved by the Order of the Minister of Energy of the Republic of Kazakhstan No. 683 dated 3 December 2015 (registered in the Registry of State Registration of Regulatory Legal Acts under No. 12522).

  • PSC 111.21 Capacity data.PSC 111.23 Capacity purchase and sale data affecting electric power supply.

Related to Capacity purchase

  • Mandatory Purchase means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to this Agreement in connection with a Mandatory Purchase Event.

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Purchase Date.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit F or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • Transfer Supplement has the meaning set forth in Section 6.3(c) of this Agreement.

  • Majority Purchasers means, at any time, Purchasers whose Commitments aggregate more than 66.67% of the aggregate of the Commitments of all Purchasers; provided, however, that so long as any Purchaser’s Commitment is greater than 66.67% of the aggregate Commitments, then “Majority Purchasers” shall mean a minimum of two Purchasers whose Commitments aggregate more than 66.67% of the aggregate Commitments.

  • Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area.

  • Capacity Market Buyer means a Member that submits bids to buy Capacity Resources in any Incremental Auction.

  • Approved purchasing system means a Contractor’s purchasing system that has been reviewed and approved in accordance with Part 44 of the Federal Acquisition Regulation (FAR)

  • Commitment Transfer Supplement means a document in the form of Exhibit 15.3 hereto, properly completed and otherwise in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement.

  • VWAP Purchase Notice means an irrevocable written notice from the Company to the Buyer directing the Buyer to buy Purchase Shares on the VWAP Purchase Date pursuant to Section 1(c) hereof as specified by the Company therein at the applicable VWAP Purchase Price with the applicable VWAP Purchase Share Percentage specified therein.

  • Warranty Purchaser The Person described in Section 2.04 of the Trust Sale Agreement.

  • Incremental Capacity Transfer Right means a Capacity Transfer Right allocated to a Generation Interconnection Customer or Transmission Interconnection Customer obligated to fund a transmission facility or upgrade, to the extent such upgrade or facility increases the transmission import capability into a Locational Deliverability Area, or a Capacity Transfer Right allocated to a Responsible Customer in accordance with Tariff, Schedule 12A. Incremental Deliverability Rights (IDRs):

  • Preliminary Purchase Event means any of the following events:

  • Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Aggregate Capital hereunder.

  • Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase in accordance with this Statement and the VRDP Purchase Agreement.

  • Form of Fundamental Change Purchase Notice means the “Form of Fundamental Change Purchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Mandatory Purchase Event means, (i) in connection with the termination of this Agreement due to its expiration as of a Scheduled Termination Date, by the fifteenth (15th) day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than 180 days from the Scheduled Termination Date of this Agreement then in effect, and (b) the Fund shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 180 days from the Scheduled Termination Date of this Agreement, or (ii) in connection with the termination of this Agreement due to a Liquidity Provider Ratings Event or Related Party Termination Event, by the fifteenth (15th) day prior to the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Fund shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 180 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of this Agreement. The Mandatory Purchase Event shall be deemed to occur on such fifteenth (15th) day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.

  • Modified Commitment Transfer Supplement shall have the meaning set forth in Section 16.3(d) hereof.

  • Emergency Purchase means a purchase necessitated by a sudden unexpected turn of events (for example, acts of God, riot, fires, floods, hurricanes, accidents, or any circumstances or cause beyond the control of the Board in the normal conduct of its business), where the Board finds

  • Equity Purchase Agreement has the meaning set forth in the recitals.

  • Third Party Purchaser has the meaning set forth in Section 3.1(a).

  • Prospective Purchaser shall have the meaning set forth herein in Section 2.2(a).

  • Preliminary Purchase Price has the meaning set forth in Section 2.02.

  • Additional Purchase Price has the meaning provided in Section 1.2(b).

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.