Guaranteed RA Amount means the Qualifying Capacity minus Administrative NQC Reductions for each hour of the Relevant Day in the applicable Showing Month.
Guaranteed RA Amount has the meaning set forth on the Cover Sheet.
Guaranteed RA Amount means the amount of Resource Adequacy Benefits (in MW) from the Facility as set forth on the Cover Sheet.
Examples of Guaranteed RA Amount in a sentence
For the purposes of this subsection (c), (i) the “CIL Adjustment Factor” means the Guaranteed RA Amount divided by the Reduced MNQC, and (ii) the “Reduced MNQC” means the new maximum achievable Net Qualifying Capacity of the Facility, where such Reduced MNQC shall be calculated by disregarding any Planned Outages that are otherwise permitted by the terms of this Agreement to the extent such Planned Outages reduce the maximum achievable Net Qualifying Capacity of the Facility.
If in any month of the Delivery Term the Delivered RA is less than the Guaranteed RA Amount, Seller shall either: pay to Buyer liquidated damages calculated as the RA shortfall amount multiplied by the CPUC RA System Penalty and/or the CPM Soft Offer Cap assessed against Buyer, if any, plus the cost of Replacement RA, subject to a cap of [$ summer/$ winter], or provide Replacement RA to Buyer.
For the purposes of this subsection (c), the “CIL Adjustment Factor” means the Guaranteed RA Amount divided by the Reduced MNQC.
More Definitions of Guaranteed RA Amount
Guaranteed RA Amount means the Qualifying Capacity minus Administrative NQC Reductions for each hour of the Relevant Day in the applicable Showing Month. “RA Deficiency Amount” means the liquidated damages payment that Seller shall pay to Buyer for an applicable RA Shortfall Month equal to the product of (i) the RA Shortfall Amount, and (ii) the sum of (A) the CPUC System RA Penalty and (B) the CPM Soft Offer Cap. “RA Shortfall Amount” shall be determined by first, calculating the difference of the Guaranteed RA Amount minus the Delivered RA for each hour of the Relevant Day in the applicable Showing Month and, second, selecting the highest hourly difference for any hour of the Relevant Day in the applicable Showing Month as determined pursuant to step one of this calculation, which such highest hourly value shall be the “RA Shortfall Amount” for purposes of calculating an RA Deficiency Amount for such Showing Month; provided, if the CPUC adopts another methodology for calculating a load serving entity’s procurement deficiencies in Resource Adequacy Benefits for purposes of the Resource Adequacy Requirements, the Parties shall cooperate in good faith to amend this definition to conform to such new methodology in order to preserve to the maximum extent possible the benefits, burdens, and obligations set forth in this definition as of the Effective Date. If the result of the calculation is a negative number, the RA Shortfall Amount shall be deemed to be zero MW for such Showing Month. “RA Shortfall Month” means, for purposes of calculating an RA Deficiency Amount, any month commencing after the Commercial Operation Date during which there is an RA Shortfall Amount “Relevant Day” means the peak day(s) of the month, or such other time period, as established by the CPUC for purposes of determining compliance with Resource Adequacy Requirements. “Replacement RA” means Resource Adequacy Benefits, if any, equivalent to those that would have been provided by the Facility with respect to the applicable Showing Month in all respects, including, as applicable, Resource Category and Flexible Capacity Category, and any successor criteria applicable to the Facility, unless Buyer consents to accept Replacement RA from another facility that provides non-equivalent Resource Adequacy Benefits.
Guaranteed RA Amount. Buyer is entitled to all Capacity Attributes of the Facility. The Guaranteed RA Amount shall be the Qualifying Capacity of the Facility determined as of the Effective Date pursuant to CPUC D.00-00-000.
Guaranteed RA Amount means the Net Qualifying Capacity (NQC) (in MW) of the Facility as set forth on the Cover Sheet.
Guaranteed RA Amount means the amount of MW equal to the Net Qualifying Capacity (NQC) of the Facility.
Guaranteed RA Amount means the amount of Resource Adequacy Benefits (in MW) of the Facility as set forth on the Cover Sheet.
Guaranteed RA Amount. For any Showing Month, the amount of Qualifying Capacity equal to the Installed Capacity minus the Administrative NQC Reduction. “Administrative NQC Reduction” means a reduction in the maximum achievable Net Qualifying Capacity of the Generating Facility or Storage Facility, as applicable, due to a reduction that has been generally applied to resources materially similar to the Generating Facility or Storage Facility, as applicable, in terms of type, market and operational characteristics (including those characteristics specified in the CPUC Master Resource Database), including any methodology that incorporates fleet averages or other average outage rates. Notwithstanding the foregoing, Administrative NQC Reduction does not include reductions that are related to the actual operation or interconnection of the Facility.
Guaranteed RA Amount is equal to the Qualifying Capacity associated with the Buyer’s Contract Capacity, as such Qualifying Capacity is calculated under counting rules and methodologies in effect and modified by the CPUC or CAISO from time to time during the Contract Term.