Capacity Year definition
Examples of Capacity Year in a sentence
Such additional Capacity may be requested for terms of no less than four years commencing within the two calendar years following the Inter-System Capacity Year.
Where the downstream Network Operator is aware of any information which indicates an increase or reduction in the downstream Network Operator's Capacity or Maximum Hourly Supply Rate require- ments in the 10 years following the Inter-System Capacity Year or the year to which the Maximum Hourly Supply Rate notification relates, the downstream Network Operator shall revise its forecast upwards or downwards accordingly.
Seller shall be responsible for paying the costs required by PJM or otherwise necessary for the performance of Seller’s obligations set forth in the Agreement, including, without limitation, those arising under Section 3.1(a)(i)(A) and Section 3.1(a)(ii) with respect to the Capacity Value, Cleared Capacity Value and transfer of the Contract Capacity Amount to Buyer for each Capacity Year commencing in the Pre-Services Term Period or the Services Term.
Notwithstanding any such termination of the Services Term prior to the end of such last Capacity Year, unless the Parties shall otherwise agree, the Buyer’s and Seller’s obligations pursuant to this Section 3.1(a)(i)(A) shall survive the termination of the Services Term until the end of such last Capacity Year.
Upon the execution, delivery and effectiveness of the Replacement PPA, this Agreement shall be deemed terminated and replaced in its entirety by such Replacement PPA; provided, however, that the obligation of Buyer and Seller pursuant to Section 3.1(a)(i) and 3.1(a)(ii) then in effect with respect to any Contract Capacity Amount for any Capacity Year shall remain in effect until the termination of such Capacity Year.
For each such Capacity Year, Seller and Buyer shall enter into a “Non-Unit Specific Capacity Transaction” under the PJM Capacity Rules pursuant to which Seller shall transfer to Buyer the Contract Capacity Amount for such Capacity Year, in consideration for the payment to Seller by Buyer of the Base Capacity Payment Rate (as adjusted) per each MW included in the calculation of the transferred Contract Capacity Amount.
The Parties acknowledge and agree that the allocation of capacity-related rights to Buyer under this Section 3.14 shall be accomplished in part through the obligations of Seller pursuant to Sections 3.1(a)(i)(A) and 3.1(a)(ii), including the transfer of the Contract Capacity Amount for each Capacity Year, but the Parties further acknowledge and agree to take such further actions as may be appropriate or desirable in order to give full effect to the intent of this Section 3.14.
Equipment information Name of manufacturer Model and power rating Capacity Year of manufacture Current status Current location Details of current commitments Source Indicate source of the equipment 🞏 Owned 🞏 Rented 🞏 Leased 🞏 Specially manufactured Omit the following information for equipment owned by the Tenderer.
Upon request, each Party shall provide to the other Party statements evidencing the Capacity Value and Cleared Capacity Value for any Capacity Year and the quantities of Delivered Energy and other Products delivered, taken or otherwise provided pursuant to this Agreement.
Equipment information Name of manufacturer Model and power rating Capacity Year of manufacture Current Status Current Location: Details of current commitments Source Indicate source of equipment Owned Rented Leased Specially manufactured Omit the following information for equipment owned by the Tenderer.