Facility Energy definition

Facility Energy means the Energy during any Settlement Interval or Settlement Period, net of Electrical Losses and Station Use, as measured by the Facility Meter, which Facility Meter will be adjusted in accordance with CAISO meter requirements and Prudent Operating Practices to account for Electrical Losses and Station Use.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Facility Energy means the Energy during any Settlement Interval or Settlement Period, net of Electrical Losses and Station Use, as measured by the Facility Meter, which Facility Meter will be adjusted in accordance with CAISO meter requirements and Prudent Industry Practices to account for Electrical Losses and Station Use.

Facility Energy means the Energy delivered from the Facility to the Delivery Point during any Settlement Interval or Settlement Period, as measured at the Facility Metering Point by the Facility Meter, as such meter readings are adjusted by the CAISO for any applicable Electrical Losses or Station Use.

Examples of Facility Energy in a sentence

• Seller agrees to reduce the amount of Facility Energy produced by the Facility and delivered to the Delivery Point, by the amount and for the period set forth in any Curtailment Order.

• Such action may include, to the extent reasonably necessary, disconnecting and removing all or a portion of the Facility, or suspending the supply of Facility Energy.

• During the Delivery Term, Seller shall sell and deliver to Buyer, and Buyer shall purchase and receive from Seller, Buyer’s Fraction of Green Attributes attributable to the Facility Energy generated by the Facility.

• Seller shall, at its sole expense, take all actions and execute all documents or instruments necessary to ensure that all WREGIS Certificates associated with all Renewable Energy Credits corresponding to all Facility Energy are issued and tracked for purposes of satisfying the requirements of the California Renewables Portfolio Standard and transferred in a timely manner for ▇▇▇▇▇’s sole benefit.

• Seller shall measure the amount of Facility Energy using the Facility Meters, which will be subject to adjustment in accordance applicable CAISO meter requirements and Prudent Operating Practices, including to account for Electrical Losses and Station Use.

More Definitions of Facility Energy

Facility Energy means with respect to a Settlement Interval, the Discharging Energy and/or the Charging Energy for such Settlement Interval.

Facility Energy means the sum of PV Energy and Discharging Energy, net of Electrical Losses and Station Use, as measured by the Facility Meter, which Facility Meter will be adjusted in accordance with CAISO meter requirements and Prudent Operating Practices to account for Electrical Losses and Station Use.

Facility Energy means Energy generated by the Facility and delivered to the Point of Delivery that qualifies for a Renewable Energy Certificate.

Facility Energy means Energy generated by the Facility, less station load and transmission losses to the Point of Delivery, as measured by CAISO-approved Electric Metering Devices.

Facility Energy means the sum of Generating Facility Energy and Discharging Energy during any Settlement Interval or Settlement Period.

Facility Energy means, for each Facility, (i) Energy generated by such Facility, less its Parasitic Load, and (ii) the Energy generated by such Facility that constitutes such Facility Energy as provided in Section 8.6(b).

Facility Energy means the energy generated by the Facility Energy during any Settlement Interval or Settlement Period, net of electrical losses and station use, as measured by the Facility meter, including adjustments in accordance with CAISO meter requirements to account for electrical losses and station use. “Full Capacity Deliverability Status” has the meaning set forth in the CAISO Tariff. “Guaranteed Capacity” means the amount of generating capacity of the Generating Facility, as measured in MW at the Delivery Point, as the same may be adjusted pursuant to the PPA. “Letter(s) of Credit” means one or more irrevocable, standby letters of credit issued by a U.S. commercial bank or a foreign bank with a U.S. branch with such bank (a) having a credit rating of at least A- with an outlook designation of “stable” from S&P or A3 with an outlook designation of “stable” from ▇▇▇▇▇’▇ or (b) being reasonably acceptable to Buyer. “MW” means megawatts in alternating current, unless expressly stated in terms of direct current. “MWh” means megawatt-hour measured in alternating current, unless expressly stated in terms of direct current. “Production Tax Credits” or “PTCs” means production tax credit under Section 45 of the Internal Revenue Code as in effect from time-to-time throughout the Delivery Term or any successor or other provision providing for a federal tax credit determined by reference to renewable electric energy produced from wind or other renewable energy resources for which Seller, as the owner of the Generating Facility, is eligible. “PTC Amount” means the amount, on a dollar per MWh basis, equal to the Production Tax Credits that Seller would have earned in respect of energy from the Facility at the time, grossed up on an after tax basis at the then-highest marginal combined federal and state corporate tax rate, but failed to earn as a result of Buyer Bid Curtailment or Buyer Curtailment Order, which amount will be calculated by reference to the amount of Deemed Delivered Energy and the number of the Facility’s wind turbines that are eligible to receive Production Tax Credits at the time of determination. “San ▇▇▇▇ Clean Energy” is the City of San José’s community choice aggregation program. The San ▇▇▇▇ Community Energy Department administers and manages San ▇▇▇▇ Clean Energy. “Scheduling Coordinator” has the meaning set forth in the CAISO Tariff.