Interconnection Price Reduction definition

Interconnection Price Reduction. The reduction in dollars per OREC to the Fixed OREC Price or Index OREC Strike Price (as applicable) as calculated pursuant to Section 5.04(c) of this Agreement.
Sample 1Sample 2Sample 3

Examples of Interconnection Price Reduction in a sentence

  • To the extent Interconnection Net Savings exist, the Index OREC Strike Price or Fixed OREC Price will be reduced by the Interconnection Price Reduction, calculated as follows: where: NYSERDA Interconnection Savings Share = the greater of (i) 80% of the Interconnection Net Savings and (ii) Interconnection Net Savings minus $50,000,000.

Related to Interconnection Price Reduction

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.

  • Interconnection is As Defined in the Act.

  • Electrical Interconnection Facilities means the equipment and facilities required to safely and reliably interconnect a Facility to the transmission system of the Transmitting Utility, including the collection system between each Bloom System, transformers and all switching, metering, communications, control and safety equipment, including the facilities described in any applicable Interconnection Agreement.

  • Interconnection Feasibility Study means either a Generation Interconnection Feasibility Study or Transmission Interconnection Feasibility Study.

  • Interconnection Customer means a Generation Interconnection Customer and/or a Transmission Interconnection Customer.