Initial Firm Capacity definition

Initial Firm Capacity means the total of all Firm Annual Capacity held by the Licensee’s Gas Suppliers in respect of a Gas Year as at the last Business Day of June preceding such Gas Year and the total Firm Non-Annual Capacity forecast to be held by the Licensee’s Gas Suppliers in respect of [the same]a Gas Year; as at the last Business Day of June preceding such Gas Year; “Quarterly Capacity Quantities” means for each Capacity Product the aggregate of Firm Annual Capacity or Firm Non Annual Capacity held by all Gas Suppliers in a Quarter;

Initial Firm Capacity means the total of all Firm Capacity held by the Licensee’s Gas

Initial Firm Capacity means the total of all Firm Annual Capacity held by the Licensee’s Gas Suppliers in respect of a Gas Year as at the last Business Day of June preceding such Gas Year; “Invoice Date” means the tenth Business Day in a month; “kWh” means 3,600,000 joules as defined in ISO 1000-1981(E); “LIBOR” means the sterling London Interbank Offered Rate as published in the Financial Times from time to time; “Minimum Capacity Value” means any minimum quantum of capacity (in kWh/day) in respect of which a PS Gas Supplier is obliged under contract to the Licensee or to any other Designated Pipe-line Operator to pay transmission charges in respect of a Gas Year; “Minimum Quantity Value” means any minimum quantity of gas (in kWh) in respect of which a PS Gas Supplier is obliged under contract to the Licensee or to any other Designated Pipe-line Operator to pay transmission charges in respect of a Gas Year or part thereof; “Monthly Debt Payment Entitlement” means the entitlement of a Designated Pipe-line Operator in respect of the Net Debt Position in a month, calculated in accordance with Condition 2A.6.1.2(b); “Monthly Distribution” has the meaning ascribed in Condition 2A.6.1.4, “Monthly Entitlements” means Monthly Postalised Entitlements and Monthly Debt Payment Entitlements; “Monthly Postalised Capacity Payment (Annual Capacity)” means the amount to be invoiced monthly by the Licensee to each of its Gas Suppliers in accordance with Condition 2A.2.5.4(b);

Examples of Initial Firm Capacity in a sentence

• Based upon the design of the Plant, but subject to performance tests and operating guidelines, it is estimated that the Initial Firm Capacity at Commercial Operation will be approximately 106 MW and approximately 80 MW at Partial Commercial Operation.

• Determination of Initial Firm Capacity (or of Firm Capacity in the event of subsequent tests in accordance with the procedures of this Section) will consider the results of performance tests and anticipated operating procedures and guidelines, with due regard for avoiding a level of generation that might advance deterioration of the Plant or result in increased maintenance and repair.

• Initial Excess Load Module ++sum Incremental Components Initial Excess Load (L) (per scenario per year)Probabilistic Forecasting Module Output(non-weather volatility)- Initial Firm Capacity Fig.

• The determination of Initial Firm Capacity will be in accordance with Exhibit 5.10.

• Residual Excess Load Module Intervention Scheduling Module Output Capacities per Intervention (Ci) Initial Firm Capacity Years x Scenariosx x Extra Capacity (independently for Strategies A and B)+ subtraction Final Capacity of Substation (per year per scenario per strategy)Residual Excess Load+ + - Fig.

• At or prior to both Commercial Operation and Partial Commercial Operation, Initial Firm Capacity of the Plant shall be established by agreement in writing of the parties after a twenty-four (24) hour performance test in accordance with Exhibit 5.10 attached hereto conducted by Cogenerator with the participation and under the observation of Company, the results of which shall be considered in establishing Initial Firm Capacity.

• Initial Firm Capacity shall be net of auxiliary equipment and other electrical requirements of the Plant which are supplied by the Plant.

• The modified figure set out in any such notice shall be substituted for and for all purposes treated as the Forecast Annual Quantity and /or the Initial Firm Capacity figure submitted by the Licensee.

More Definitions of Initial Firm Capacity

Initial Firm Capacity means the total of all Firm Capacity held by the Licensee’s Gas Suppliers in respect of a Gas Year as at the last Business Day of June preceding such Gas Year except the Gas Year commencing 01 October 2004 where Initial Firm Capacity shall mean the total of all Firm Capacity (in kWh/day) in respect of a Gas Year, such figure to be determined by the Authority no later than 30 September 2004;