Guaranteed Capacity definition
Guaranteed Capacity means the amount of generating capacity of the Facility, as measured in MW at the Delivery Point, set forth on the Cover Sheet.
Guaranteed Capacity has the meaning set forth in Section 6.3.
Guaranteed Capacity means that LMM guarantees to have the capacity available to provide the Gathering identified in Section 1 except during times of capacity allocation pursuant to Section B.4.
Examples of Guaranteed Capacity in a sentence
Seller shall post security as follows: Development Security – $125/kW of Guaranteed Capacity Performance Security – $105/kW of Guaranteed Capacity To secure its obligations under this PPA, Seller shall deliver the Development Security to Buyer within thirty (30) days of the Effective Date.
More Definitions of Guaranteed Capacity
Guaranteed Capacity. The Generating Facility has a guaranteed generating capacity of [XX] MW (the “Guaranteed Capacity”).
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 Xxxxx’x 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 Xxxx Clean Energy” is the City of San José’s community choice aggregation program. The San Xxxx Community Energy Department administers and manages San Xxxx Clean Energy. “Scheduling Coordinator” 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, set forth on the Cover Sheet.
Guaranteed Capacity. The Facility has a Guaranteed Capacity of [XX] MWAC.
Guaranteed Capacity means, with respect to a Block or the Facility, the MW values set forth in Exhibit 16B.
Guaranteed Capacity shall be the expected capacity margined by a contract tolerance of 3%: P_RC^G=(1-0.03) P_RC^E, as further described in Section 3.
Guaranteed Capacity means 4.74 MW of power capacity and 18.96 MWh of AC energy capacity in respect of the BXXX as specified in the Statement of Requirements, as measured at the inverter AC output demarcation point as described in the Statement of Requirements.