Examples of Conforming Energy in a sentence
PacifiCorp will pay Seller Conforming Energy or Non-Conforming Energy Purchase Prices stated in Exhibit K and as described in this Section 5.1 for all deliveries of Net Output adjusted for the month and On-Peak Hours or Off- Peak Hours and Capacity Rights, up to the Maximum Delivery Rate.
In the event of (i) a Qualifying Curtailment, or (ii) a Forced Outage lasting at least 48 hours and for which Seller provides notice to PacifiCorp pursuant to Section 6.5.3 (“Qualifiying Outage”), the Scheduled Monthly Energy Delivery will be adjusted, pro rata, (“Adjusted Scheduled Monthly Energy Delivery”) for that month to determine Conforming Energy and Non-Conforming Energy.
If 85% of the Non-Firm Market Price is less than the Weighted-Average Conforming Energy Purchase Price, then 85% of the Non-Firm Market Price can be used to calculate payments for generation amounts for all hours in the month.
Effectively, the generation amount below 110% of the estimated amount is paid at the Weighted- Average Conforming Energy Purchase Price, and the generation amount above the 110% of the estimated amount is paid at the lower of 85% of the Non-Firm Market Price and the contract price.
The Weighted-Average Conforming Energy Purchase Price is an average contract price weighted by the generation amount in each hour and is calculated by taking the total revenue that would have been earned by the QF in each month as if all energy was conforming energy divided by the total energy generated by the QF for that month.
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If the Weighted-Average Conforming Energy Purchase Price is less than 85% of the Non-Firm Market Price, regardless if the amount of energy is above or below the 90/110 band, the on and off-peak, and with and without capacity payment contract pricing structure can be applied for each hour in the month as if all energy is conforming.
For the period beginning on the Commercial Operation Date but no sooner than 90 days prior to the Scheduled Commercial Operation Date and thereafter during the Term, PacifiCorp shall pay to Seller the On-Peak and Off-Peak 2006 Contract Price per MWh times the Annual Multiplier specified for a given Contract Year in Exhibit 5.1.2 for deliveries of Conforming Energy.
The Parties further agree that the “Weighted-Average Conforming Energy Purchase Price” will be calculated by taking the revenue that would have been earned by the Facility in each month as if all energy was Conforming Energy divided by the total energy generated by the Facility for that month.
For the period beginning one-hundred and eighty days prior to the Scheduled Commercial Operation Date and ending 90 days prior to the Scheduled Commercial Operation Date, PacifiCorp shall pay to Seller ninety percent (90%) of the On-Peak and Off-Peak 2006 Contract Price per MWh times the Annual Multiplier specified for a given Contract Year in Exhibit 5.1.2 for deliveries of Conforming Energy after the Commercial Operation Date.