Examples of Contract Resource in a sentence
The sale by OPC to MS of OPC Energy under this Agreement does not constitute either a sale, lease, or the dedication of ownership of any Contract Resource.
Load management switching equipment and any other demand side management of individual EMCs will not be a Contract Resource, but will remain the property of such EMCs which may use, or direct OPC on such EMC's behalf to coordinate the use of such load management switching equipment or any other demand side management as it shall determine from time to time.
The characteristics and Contract Resource Constraints applicable to Contract Resources as set forth in Exhibit 3.1 shall, for purposes of this Agreement, determine the pricing, limitations, and conditions on availability for MS's use of such Contract Resources [ ]*.
MS may not include in the MS Schedule (or otherwise Nominate) for any Interval Electric Energy from any Unavailable Contract Resource for the Interval in question.
OPC shall also have the right, at its own expense, to use any available capacity and to produce Electric Energy from any OPC plant or contract, including a plant or contract upon which a Contract Resource is modeled, without impacting MS's rights or obligations to Nominate or Schedule Electric Energy from any Contract Resources, for the purpose of providing or supplementing Control Area services or an ISO.
Nominations of Contract Resources shall be limited only by Contract Resource Constraints.
Generating facilities currently owned by individual EMCs will not be a Contract Resource, but will remain the property of each such EMC which may use such generating facilities as it shall determine from time to time.
Any Contract Resource that is not an Unavailable Contract Resource shall be an Available Contract Resource regardless of whether OPC chooses or is able to use the generating or contract assets underlying the Contract Resource.
Exhibit 3.1 describes the Contract Resources generally available to MS under this Agreement, including all of the Contract Resource Constraints associated with each Contract Resource.
MS shall not be entitled under this Agreement to Nominate in the MS Schedule or purchase Electric Energy in amounts in excess of the quantities available in accordance with the characteristics and Contract Resource Constraints set forth in Exhibit 3.1.