Locational UCAP Seller definition

Locational UCAP Seller means a Member that sells Locational UCAP.
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Locational UCAP Seller means a Member that sells Locational UCAP. LOC Deviation: “LOC Deviation,” shall mean, for units other than wind units, the LOC Deviation shall equal the desired megawatt amount for the resource determined according to the point on the Final Offer curve corresponding to the Real-time Settlement Interval real-time Locational Marginal Price at the resource’s bus and adjusted for any Regulation or Tier 2 Synchronized Reserve assignments and limited to the lesser of the unit’s Economic Maximum or the unit’s Generation Resource Maximum Output, minus the actual output of the unit. For wind units, the LOC Deviation shall mean the deviation of the generating unit’s output equal to the lesser of the PJM forecasted output for the unit or the desired megawatt amount for the resource determined according to the point on the Final Offer curve corresponding to the Real-time Settlement Interval real-time Locational Marginal Price at the resource’s bus, and shall be limited to the lesser of the unit’s Economic Maximum or the unit’s Generation Resource Maximum Output, minus the actual output of the unit. Long-lead Project:
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Locational UCAP Seller means a Member that sells Locational UCAP. Long-lead Project:
Sample 1Sample 2Sample 3

Examples of Locational UCAP Seller in a sentence

  • Failure of a Capacity Market Seller or Locational UCAP Seller to obtain replacement Unforced Capacity to the extent a Generation Capacity Resource that it committed for a Delivery Year is unavailable due to a planned or maintenance outage that occurs during the Peak Season without approval of the Office of the Interconnection, in violation of Section 9(b) of Attachment DD of the PJM Tariff.

  • The Market Seller that committed the resource, or Locational UCAP Seller that sold the resource, may perform an unlimited number of tests during each such period.

  • Capacity Market Sellers that committed Demand Resources and Locational UCAP Sellers that sold Demand Resources that cannot demonstrate the hourly performance of such resource in real-time based on the capacity commitment shall be assessed a Demand Resource Compliance Penalty Charge; provided, however, that such under compliance shall be determined on an aggregate basis for all dispatched Demand Resources committed by the same Capacity Market Seller or same Locational UCAP Seller in a CAA.

  • As to any Generation Capacity Resource experiencing or expected to experience a full or partial outage during any Peak-Hour Period that would or could result in a shortfall under subsection (g) above, a Capacity Market Seller or Locational UCAP Seller may obtain and commit Unforced Capacity from a replacement Capacity Resource (not previously committed) meeting the same locational requirements and same or better temporal availability characteristics (i.e., Annual Resources) as such resource.

  • A Peak-Hour Period Availability Charge shall be assessed on each Capacity Market Seller or Locational UCAP Seller with a net shortfall in PCAP in an LDA, where such charge is equal to such shortfall times the Capacity Resource Clearing Price determined for such Locational Deliverability Area for such Delivery Year.

  • Locational UCAP may not be sold or purchased prior to the date that the final EFORD is established for such Delivery Year, and if designated to PJM by the Locational UCAP Seller as sold prior to the Third Incremental Auction for a Delivery Year must be confirmed by the buyer prior to such Third Incremental Auction as purchased for replacement capacity, or such transaction shall be rejected.

  • The Locational UCAP Seller shall be responsible for any charges imposed under sections 7, 8, 9, 10, 10A, 11, or 13, as applicable, for such Delivery Year, with respect to the increment of capacity sold as Locational UCAP; any other settlement of charges under the Locational UCAP transaction shall be between the parties.

  • Locational UCAP Seller may be excused from the calculation of a performance shortfall for a Performance Assessment Interval.

  • Locational UCAP may not be sold or purchased prior to the date that the final EFORD is established for such Delivery Year, and if designated to PJM by the Locational UCAP Seller as sold prior to the Third Incremental Auction or Final Incremental Auction, as applicable for a Delivery Year must be confirmed by the buyer prior to such Third Incremental Auction or Final Incremental Auction as purchased for replacement capacity, or such transaction shall be rejected.

  • The term “governmental or quasi-governmental corporation” includes a corporation created directly by the state Legislature or by some other governmental body pursuant to specific statutory authorization or direction.


More Definitions of Locational UCAP Seller

Locational UCAP Seller means a Member that sells Locational UCAP. LOC Deviation:
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Related to Locational UCAP Seller

  • Locational UCAP means unforced capacity that a Member with available uncommitted capacity sells in a bilateral transaction to a Member that previously committed capacity through an RPM Auction but now requires replacement capacity to fulfill its RPM Auction commitment. The Locational UCAP Seller retains responsibility for performance of the resource providing such replacement capacity.

  • Seller Affiliate means any Affiliate of Seller.

  • Seller has the meaning set forth in the Preamble.

  • Transit village means a community with a bus, train, light rail,

  • Transit vehicle means a bus, rapid transit vehicle, railroad car, street railway car, water vehicle, taxicab, or other type of public transportation vehicle or individual unit, whether operated singly or in a group that provides public transportation.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Closing Location means the location that all Proposals for this RFP will be accepted at.

  • the Seller means the person so described in the Order;

  • Purchasing Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states if authorized by a Participating Addendum, that issues a Purchase Order against the Master Agreement and becomes financially committed to the purchase.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Airport Ground Support Equipment means vehicles and equipment used at an airport to service aircraft between flights.

  • Co-location means the use of an existing tower or structure to support antennae for the provision of wireless services. A replacement tower that is constructed on the same site as an existing tower will be considered a co-location as long as the new tower is no taller than the old tower and that the old tower is removed in a reasonable short time frame after the new tower is constructed.

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Financing entity means an electric public utility, a special