Equivalent Force Majeure Hours definition

Equivalent Force Majeure Hours means (i) the product of (a) the Contract Capacity unavailable or limited because of a Force Majeure event, expressed in MW, and (b) the period for which such Contract Capacity is unavailable or limited because of a Force Majeure event, expressed in hours (or any portion thereof) (ii) divided by the Contract Capacity.
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Equivalent Force Majeure Hours means, for any hour, (i) the product of (a) the Affected Capacity unavailable or limited due to a Force Majeure event, expressed in MW, and
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Equivalent Force Majeure Hours means (i) the product of (a) Capacity curtailed because of a Force Majeure event, expressed in MW, and (b) the period of such curtailment, expressed in hours (ii) divided by the Capacity of the affected generating resource.
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Examples of Equivalent Force Majeure Hours in a sentence

  • Subject to exceptions identified below, Equivalent Force Majeure Hours and Equivalent Planned Maintenance Hours are excluded from the calculation of actual Capacity Availability and minimum Availability Requirement level (and thus for which no Capacity Payment Discount will be incurred).

  • Seller should indicate any willingness to accept fewer Equivalent Force Majeure Hours in the “Special Considerations” section.

  • Maximum Equivalent Force Majeure Hours The maximum number of Equivalent Force Majeure Hours excluded from the calculation of actual Capacity Availability is 120 in a Rolling 12 Month Period for the one year Delivery Term and 240 in a Rolling 12 Month Period for the extended Delivery Term.

  • Capacity Payment Discount(s) will be 2% for each 1% of shortfall to the required minimum Availability level (excluding agreed upon Planned Maintenance hours in approved periods (i.e., during March, April, October, or November) and a certain number of Equivalent Force Majeure Hours); provided, however, in no event shall Capacity Payment be reduced below zero (0).

  • Maximum Equivalent Force Majeure Hours The maximum number of Equivalent Force Majeure Hours excluded from the calculation of actual Capacity Availability is 360 in a Rolling 12 Month Period for the one year Delivery Term.


More Definitions of Equivalent Force Majeure Hours

Equivalent Force Majeure Hours means (i) the product of (a) Capacity unavailable or limited because of a Force Majeure event, expressed in MW, and (b) the period for which such Capacity is unavailable or limited, expressed in hours (or any portion thereof) (ii) divided by the Capacity of the affected generating unit.
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