Exempt Operational Periods definition

Exempt Operational Periods. Those periods described in 18 CFR § 292.304(f) as in effect as of the date of this Agreement, wherein Buyer has notified Seller in a timely manner to cease delivery of electric energy hereunder during a specified period in which Seller would otherwise have electric energy available for delivery but, due to operational circumstances, purchases from Seller would in Buyer’s reasonable judgment result in costs greater than those that would result if Buyer generated an equivalent amount of energy through its own facilities.
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Exempt Operational Periods. Those periods described in 18 CFR § 292.304(f) as in effect as of the date of this Agreement, wherein Buyer has notified Seller in a timely manner to cease delivery of electric energy hereunder during a specified period in which Seller would otherwise have electric energy available for delivery but, due to operational circumstances, purchases from Seller would in Buyer’s reasonable judgment result in costs greater than those that would result if Buyer generated an equivalent amount of energy through its own facilities. Exempt Operational Periods are applicable to this Agreement only if energy rate option 1: Actual MISO Day Ahead LMP is selected as identified in Part 1 and described in Exhibit A.
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Examples of Exempt Operational Periods in a sentence

  • Exempt Operational Periods are applicable to this Agreement only if energy rate option 1: Actual MISO Day Ahead LMP is selected as identified in Part 1 and described in Exhibit A.

  • Buyer shall not be obligated to accept electric energy or make payments based on electric energy delivered pursuant to Section 7, Compensation, for any electric energy which the Seller may have available at the Plant during Emergencies or Exempt Operational Periods after Buyer has given Seller timely notice of such Emergencies or Exempt Operational Periods but which Buyer does not accept and receive due to such Emergencies or Exempt Operational Periods.

  • Periods, Buyer shall not be obligated to accept electric energy or make energy payments for electric energy which the Seller may have available at the Plant during Emergencies and Exempt Operational Periods.

  • Buyer shall not be obligated to accept electric energy or make energy payments for electric energy which the Seller may have available at the Plant during Emergencies and Exempt Operational Periods.

  • Notwithstanding anything to the contrary in this Agreement, the Parties agree that as of the Effective Date of this Agreement, and for so long as the Plant does not obtain “qualifying facility” status under the Public Utility Regulatory Policies Act of 1978, all provisions regarding Exempt Operational Periods herein shall be disregarded and any event that would otherwise be classified as an Exempt Operational Period shall not constitute an Uncompensated Curtailment.

  • Buyer shall not be obligated to accept electric energy or make payments based on electric energy delivered pursuant to Section 6, Compensation, for any electric energy which the Seller may have available at the Plant during Emergencies or Exempt Operational Periods but which Buyer does not accept and receive due to such Emergencies or Exempt Operational Periods.

  • IPPC submits that the Commission must include the Standard Offer contract as part of this contested case proceeding in order to allow parties the opportunity to review and comment on its provisions.Some of the many issues contained in the Draft PPA with which IPPC has concerns include the following: Section 1 "Exempt Operational Periods" & Sec.

  • Exempt Operational Periods are applicable to this Agreement only if either (i) energy rate Option 1: Actual MISO Day Ahead LMP is selected as identified in Part 1 and described in Exhibit A, or (ii) such event occurs more than 5 years after the Start Date and energy rate Option 2: LMP Energy Rate Forecast is selected as identified in Part 1 and described in Exhibit A.

  • Consumers shall not be obligated to accept electric energy or make renewable and energy payments pursuant to Subsection 6.1, Renewable Payment, Subsection 6.2, Variable Energy Payment, or Subsection 6.3, Incidental Energy Payment, for any electric energy which the Seller desires to deliver from the Plant during Exempt Operational Periods.

  • Exempt Operational Periods are applicable to this Agreement only if both (i) such event occurs more than 5 years after the Start Date, and (ii) energy rate Option 1: LMP Energy Rate Forecast is selected as identified in Part 1 and described in Exhibit A.

Related to Exempt Operational Periods

  • Operational Period means the Certificate’s actual term of validity, beginning with the start of the Validity Period and ending on the earlier of: (i) the end of the Validity Period disclosed in the Certificate; or (ii) the revocation of the Certificate.

  • transitional period means the period starting on the commencement date and ending three months after that date.

  • Operational Plan means a Forest Stewardship Plan, Woodlot Licence Plan, a Range Use Plan, or Range Stewardship Plan, as those terms are defined in provincial forest and range legislation;

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Operational Date means the date on which a union school district

  • Offering Periods means the periods of approximately ---------------- twenty-four (24) months during which an option granted pursuant to the Plan may be exercised, commencing on the first Trading Day on or after May 1 and November 1 of each year and terminating on the last Trading Day in the periods ending twenty-four months later; provided, however, that the first Offering Period under the Plan shall commence with the first Trading Day on or after the date on which the Securities and Exchange Commission declares the Company's Registration Statement effective and ending on the last Trading Day on or before April 30, 2002. The duration and timing of Offering Periods may be changed pursuant to Section 4 of this Plan.

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Operational Control means Security monitoring, adjustment of generation and transmission resources, coordinating and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Balancing Authority Areas and Reliability Coordinators, voltage reductions and load shedding, except that each legal owner of generation and transmission resources continues to physically operate and maintain its own facilities.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Discontinued Operations means operations that are accounted for as discontinued operations pursuant to Applicable GAAP of the Issuer for which the Disposal of such assets has not yet occurred.

  • Scheduled operation time means the scheduled operating hours of the System for the month. All planned downtime on the system would be deducted from the total operation time for the month to give the scheduled operation time.

  • Day-ahead Scheduling Reserves means thirty-minute reserves as defined by the ReliabilityFirst Corporation and SERC.

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Pre-Closing Periods means all Tax periods ending at or before the Closing Date and, with respect to any Tax period that includes but does not end at the Closing Date, the portion of such period that ends at and includes the Closing Date.

  • Commence operation means to have begun any mechanical, chemical, or electronic process, including start-up of an emissions control technology or emissions monitor or of a unit's combustion chamber.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Monitoring Period means the period from the Launch Date to the Valuation Date (both dates including) at such point in time at which the Reference Price of the Underlying is determined and published..

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Continuous parameter monitoring system (CPMS means all of the equipment necessary to meet the data acquisition and availability requirements of the Prevention of Significant Deterioration program, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and to record average operational parameter value(s) on a continuous basis.

  • Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Acquisition Period means the period ending five (5) business days prior to

  • Day-ahead Scheduling Reserves Resources means synchronized and non-synchronized generation resources and Demand Resources electrically located within the PJM Region that are capable of providing Day-ahead Scheduling Reserves.