LMP definition

LMP means the market clearing price for energy at a given location in a Party’s RC Area, and “Locational Marginal Pricing” shall mean the processes related to the determination of the LMP.

LMP shall have the meaning set forth in the ISO-NE Rules.

LMP has the meaning set forth in the CAISO Tariff.

Examples of LMP in a sentence

• In the event such an LMP Market fails to exist during the Delivery Period, the Parties will negotiate in good faith to revise this Agreement in an effort to provide for its effective implementation and application, without altering the balance of risks, rewards, and costs currently set forth in this Agreement.

• Xxxxxxxx Title: Senior Vice President ACQUIRED FUNDS LMP CAPITAL AND INCOME FUND INC.

• Seller shall send adjustment invoices to Buyer as soon as practicable if changes that affect a payment occur after Seller has already invoiced Buyer; such changes would include CAISO’s adjustment of the LMP assigned to a particular hour and WREGIS’ adjustment to the number of WREGIS Certificates transferred to Buyer’s account.

• This Agreement has been drafted with the presumption that, during the Delivery Period, there will exist a real-time LMP Market encompassing the Delivery Points.

• Without limiting the foregoing, absent a Unit Contingency, Seller shall not interrupt, curtail or otherwise reduce the availability or deliveries of Contract Energy for which the LMP exceeds the Minimum Market Price in either MISO Market, regardless of prices or other economic conditions at the Electric Interconnection Point.

More Definitions of LMP

LMP means Locational Marginal Price.

LMP means, for any MISO Settlement Interval in each MISO Market, the price at which MISO settles such MISO Market at the Energy Financial Delivery Point for such MISO Settlement Interval; provided, however, that, in the case neither such price nor any successor price any longer exists in MISO or such price (or any successor price) is unavailable for any MISO Settlement Interval, then the LMP shall be such other reference or index price for such MISO Settlement Interval as is reasonably acceptable to the Parties (expressed in $/MWh) that reflects as closely as possible the intention of the Parties as expressed herein. As of the Effective Date, the LMP is, for any MISO Settlement Interval, (a) in the MISO Day-Ahead Energy Market, the Day-Ahead Ex Post LMP (as defined in the MISO Rules) for such MISO Settlement Interval at the Energy Financial Delivery Point and (b) in the MISO Real-Time Energy Market, the Real-Time Ex Post LMP (as defined in the MISO Rules) for such MISO Settlement Interval at the Energy Financial Delivery Point.

LMP means Lighting and Marking Plan;

LMP means Landscaping Maintenance Plan;

LMP has the meaning set forth in Appendix C of the CAISO Tariff.

LMP. ’ means Line Maintenance Parts which are parts removable or repairable on wing pursuant to the Component Maintenance Manual.

LMP has the meaning set forth in the CAISO Tariff. “Losses” means, with respect to any Party, an amount equal to the present value of the economic loss to it, if any (exclusive of Costs), resulting from termination of this Agreement for the remaining Contract Term, determined in a commercially reasonable manner. Factors used in determining economic loss to a Party may include, without limitation, reference to information supplied by one or more third parties, which shall exclude Affiliates of the Non-Defaulting Party, including without limitation, quotations (either firm or indicative) of relevant rates, prices, yields, yield curves, volatilities, spreads or other relevant market data in the relevant markets, comparable transactions, forward price curves based on economic analysis of the relevant markets, settlement prices for comparable transactions at liquid trading hubs (e.g., SP-15), all of which should be calculated for the remaining Contract Term and must include the value of Green Attributes, Capacity Attributes, and Renewable Energy Incentives.