DR Resource definition
Examples of DR Resource in a sentence
Failure to obtain CPUC Approval in accordance with this Article 2 will not be deemed to be a failure of Seller to sell or deliver the DR Resource or a failure of SCE to purchase or receive the DR Resource, and will not be or cause an Event of Default by either Party.
Once Seller has received a proper Dispatch Instruction, Seller shall Dispatch the DR Resource as instructed.
If TCG does not request a coordinated cutover, Verizon will process TCG’s order as a new installation subject to applicable standard provisioning intervals.
After the DR Resource has been subjected to a Full-Portfolio Dispatch, Delivered Capacity Payment shall be calculated for each Operating Month as follows: If the Total Recorded Capacity is one hundred percent (100%) of the applicable Contract Capacity or greater, then the Delivered Capacity Payment shall equal the applicable Contract Capacity times the applicable Capacity Rate.
When the DR Resource is not dispatched during an Operating Month, the Seller’s Delivered Capacity Payment shall equal the Contract Capacity times the applicable Capacity Credit Rate, as shown in Section 1.4 of this Agreement.
Seller shall not sell, assign or otherwise transfer the DR Resource, or any portion thereof, to any third party other than to SCE pursuant to this Agreement.
Seller represents, warrants, and covenants that it will deliver the DR Resource to SCE free and clear of all liens, security interests, claims and encumbrances.
Seller shall issue a Notice to Buyer of its selected assignee and shall provide concurrently with such Notice: (i) draft modifications to this Agreement to accommodate such assignment; (ii) evidence that the proposed assignee and the DR Resource is in compliance with the Milestones; and (iii) the additional information required by the QC Implementation Guidelines, as to the selected assignee.
When the DR Resource is not dispatched during an Operating Month, the Seller’s Delivered Energy Payment will be zero for that Operating Month.
The hours for these test events shall be dispatched in accordance with the DR Resource Type descriptions in Article 1.4 (a).