Examples of Firm Contract Capacity in a sentence
As further described in Exhibit D, if the Generating Facility elects to provide Firm Contract Capacity, then the Generating Facility must have a minimum Firm Contract Capacity performance requirement of 95% to earn the Maximum Firm Capacity Payment and a minimum Capacity Performance Requirement of 60% to earn any portion of the Maximum Firm Capacity Payment.
The Generating Facility shall be deemed to have satisfied the Six-Hour Demonstration if the Power Output in each and every Metering Interval during the six-hour period equals or exceeds the Firm Contract Capacity set forth in Section 1.02(d).
The Capacity Demonstration Factor is calculated as follows: CAPACITY DEMONSTRATION FACTOR = A / (B x C) Where A = The number of Capacity Measurement Intervals during the test period when the Demonstration Rate of Metered Energy equals or exceeds the Firm Contract Capacity specified in Section 1.02(d).
To the extent the Firm Contract Capacity set forth in Section 1.02(d) on the Effective Date and the Firm Contract Capacity demonstrated in accordance with Exhibit C are different, Section 1.02(d) will be adjusted to reflect the Firm Contract Capacity demonstrated in accordance with and subject to the limitations set forth in Exhibit C.
The results of the Capacity Demonstration Test set forth in this Exhibit C will be used (i) to verify and adjust as necessary the Firm Contract Capacity set forth in Section 1.02(d), and (ii) to determine the Reportable Capacity, as further described in Section 10 of Exhibit C.
If a (non-zero) Firm Contract Capacity quantity is applicable to this Agreement, then this Section 3 applies to Seller.
During each month an MAE Failure occurs, subject to the limitations of the following paragraph, Seller will continue to receive Monthly Capacity Payments for the Firm Contract Capacity based on the Firm Capacity Price and capacity payment calculations for firm capacity as set forth in Section 3 of Exhibit D.
Buyer shall pay for the electric energy and electric capacity produced during the Capacity Demonstration Test using the Firm Contract Capacity existing at the time of the Capacity Demonstration Test pursuant to Exhibit D.
The Firm Contract Capacity, the As-Available Contract Capacity and the Net Contract Capacity are subject to adjustment in accordance with Exhibit C.
This Exhibit C only applies if the Generating Facility provides Firm Contract Capacity and is a New Qualifying Facility or, as set forth in Section 5.2.4.4 of the Settlement Agreement, an Existing Qualifying Facility that is Operating in California but that has never entered into an agreement for the purchase and sale of electric energy with Buyer or any other California investor-owned utility.