Contract Capacity Amount definition

Contract Capacity Amount means the Unforced Capacity Amount resulting from the Committed Capacity Amount.
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Contract Capacity Amount means, for each Capacity Year, the amount in U.S. Dollars to be credited to Buyer in the PJM eRPM system equal to (i) the Buyer’s Percentage of Contract Capacity for such Capacity Year, multiplied by (ii) the Project Capacity Resource Clearing Price for such Capacity Year.
Sample 1

Examples of Contract Capacity Amount in a sentence

  • For the 2011-2012 Delivery Year, the capacity payment from Company to Supplier (if Contract Price is greater than ILR Price), or from Supplier to Company (if ILR Price is greater than Contract Price), as the case may be, shall be the Contract Price less the RPMILR Price applicable to the Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from ILR Resources.

  • 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.

  • 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.

  • For the 2011-2012 Delivery Year, the capacity payment shall equal the Contract Price for Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from ILR Resources, less all related penalties assessed by PJM to Company associated with any performance deficiency of Supplier’s Capacity Resources.

  • In the event that the PJM Capacity Rules or the PJM Agreements are altered in such a manner as to materially change the method through which PJM attributes value for Capacity Value and, as a consequence, the Contract Capacity Amount to be transferred to Buyer in accordance with this Agreement, the Parties agree to modify this Agreement as necessary to preserve the economic bargain between the Parties as of the Execution Date.

  • 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.

  • For Delivery Years beyond the 2011-2012 Delivery Year, the capacity payment from Company to Supplier (if Contract Price is greater than RPM Price), or from Supplier to Company (if RPM Price is greater than Contract Price), as the case may be, shall be the Contract Price less the RPM Price applicable to the Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from Demand Resources.

  • Under the condition that Supplier’s Delivered Capacity Amount is less than the Contract Capacity Amount, Supplier shall be subject to penalties assessed by PJM to Company in accordance with the PJM Agreements, as well as a diminished payment from Company.

  • For Delivery Years beyond the 2011-2012 Delivery Year, the capacity payment shall equal the Contract Price for Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from Demand Resources, less all related penalties assessed by PJM to Company associated with any performance deficiency of Supplier’s Capacity Resources.

Related to Contract Capacity Amount

  • Available RP Capacity Amount means (i) the amount of Restricted Payments that may be made at the time of determination pursuant to Sections 7.06(d), (g), (h) and (l) minus (ii) the sum of the amount of the Available RP Capacity Amount utilized by the Borrower or any Restricted Subsidiary to (A) make Restricted Payments in reliance on Sections 7.06 (g), (h) or (l), (B) incur Liens pursuant to Section 7.01(bb), (C) make Investments pursuant to Section 7.02(n), (D) incur Indebtedness pursuant to Section 7.03(y) and (E) make prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity utilizing the Available RP Capacity Amount pursuant to Section 7.13 plus (iii) the aggregate principal amount of Indebtedness prepaid prior to or substantially concurrently at such time, solely to the extent such Indebtedness (A) was secured by Liens pursuant to Section 7.01(bb) or (B) was incurred pursuant to Section 7.03(y) and not secured pursuant to Section 7.01(bb) (it being understood that the amount under this clause (iii) shall only be available for use under Sections 7.01(bb) and/or 7.03(y), as applicable).

  • Contract Capacity has the meaning set forth in Section 3.1(f).

  • Project Capacity means the AC capacity of the project at the generating terminal(s) and to be contracted with MSEDCL for supply from the Solar Power Project.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Maximum Capacity or ‘Pmax’ means the maximum continuous active power which a power-generating module can produce, less any demand associated solely with facilitating the operation of that power-generating module and not fed into the network as specified in the connection agreement or as agreed between the relevant system operator and the power-generating facility owner;

  • Storage Capacity means any combination of space, injectability and deliverability.

  • Contracted Capacity means the capacity (in MW AC) contracted with MSEDCL for supply by the successful bidder at the Delivery Point from the Solar Power Project.

  • Daily Unforced Capacity Obligation means the capacity obligation of a Load Serving Entity during the Delivery Year, determined in accordance with Reliability Assurance Agreement, Schedule 8, or, as to an FRR entity, in Reliability Assurance Agreement, Schedule 8.1. “Day-ahead Congestion Price” shall mean the Congestion Price resulting from the Day-ahead Energy Market.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Excess capacity means volume or capacity in a duct, conduit, or support structure other than a utility pole or anchor which can be used, pursuant to the orders and regulations of the Commission, for a pole attachment.

  • Potential electrical output capacity means, with regard to a unit, 33 per- cent of the maximum design heat input of the unit.

  • Final RTO Unforced Capacity Obligation means the capacity obligation for the PJM Region, determined in accordance with RAA, Schedule 8.

  • Base Capacity Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(b).

  • Committed Capacity means that portion of the Capacity that is required to meet the Capacity Entitlements of Access Holders;

  • Available Capacity means the capacity from the Project, expressed in whole megawatts, that is available to generate Product. [For As-Available Product facilities only]

  • Generation Capacity Resource shall have the meaning specified in the Reliability Assurance Agreement.

  • Rated Capacity means the Average Daily Flow for which the Works are approved to handle;

  • Nameplate Capacity Rating means the maximum capacity of the Facility as stated by the manufacturer, expressed in kW, which shall not exceed 10,000 kW.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • Idle capacity means the unused capacity of partially used facilities. It is the difference between: (a) that which a facility could achieve under 100 percent operating time on a one-shift basis less operating interruptions resulting from time lost for repairs, setups, unsatisfactory materials, and other normal delays; and (b) the extent to which the facility was actually used to meet demands during the accounting period. A multi-shift basis should be used if it can be shown that this amount of usage would normally be expected for the type of facility involved.

  • Capacity Export Transmission Customer means a customer taking point to point transmission service under Tariff, Part II to export capacity from a generation resource located in the PJM Region that has qualified for an exception to the RPM must-offer requirement as described in Tariff, Attachment DD, section 6.6(g).

  • Nameplate Capacity means the maximum electrical generating output (in MWe) that a generator can sustain over a specified period of time when not restricted by seasonal or other deratings as measured in accordance with the United States Department of Energy standards.

  • Capacity Payment means a payment to a capacity provider under these Regulations for its commitment to meet a capacity obligation during a delivery year;

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Unforced Capacity shall have the meaning specified in the Reliability Assurance Agreement.

  • New Capacity means a new Generator, a substantial addition to the capacity of an existing Generator, or the reactivation of all or a portion of a Generator that has been out of service for five years or more that commences commercial service after the effective date of this definition. For purposes of Section 23.4.5 of this Attachment H, “Offer Floor” for a Mitigated Capacity Zone Installed Capacity Supplier that is not a Special Case Resource shall mean the lesser of (i) a numerical value equal to 75% of the Mitigation Net CONE translated into a seasonally adjusted monthly UCAP value (“Mitigation Net CONE Offer Floor”), or (ii) the numerical value that is the first year value of the Unit Net CONE determined as specified in Section 23.4.5.7, translated into a seasonally adjusted monthly UCAP value using an appropriate class outage rate, (“Unit Net CONE Offer Floor”). The Offer Floor for a Mitigated Capacity Zone Installed Capacity Supplier that is a Special Case Resource shall mean a numerical value determined as specified in Section 23.4.5.7.5. The Offer Floor for Additional CRIS MW shall mean a numerical value determined as specified in Section 23.4.5.7.6. For the purposes of Section 23.4.5 of this Attachment H, “Non-Qualifying Entry Sponsors” shall mean a Transmission Owner, Public Power Entity, or any other entity with a Transmission District in the NYCA, or an agency or instrumentality of New York State or a political subdivision thereof.