Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.
Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.
Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.
MWh means megawatt hour.
Cost price means the actual cost of an item or article of tangible personal property computed in the
Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;
Metered Quantity means apparent power, reactive power, active power, with associated time tagging and any other quantity that may be measured by a Party’s Metering Equipment and that is reasonably required by either Party for Security reasons or revenue requirements.