Long-term financial commitment definition

Long-term financial commitment means either a new ownership investment in baseload generation or a new or renewed contract with a term of five or more years, which includes procurement of baseload generation.
Long-term financial commitment means either new ownership investment in the facility by the retail seller or local publicly owned electric utility or a new or renewed contract with a term of 10 years or more, which includes procurement of the incremental generation. (Public Utilities Code Section 399.12.5, Subdivision (b)(4).
Long-term financial commitment means either a new ownership interest in baseload electric generation or an upgrade to a baseload electric generation facility; or a new or renewed contract for base- load electric generation with a term of five or more years for provi- sion of retail power or wholesale power to end-use customers in this state.

More Definitions of Long-term financial commitment

Long-term financial commitment means either new ownership investment in the facility by the retail seller or a new or renewed contract with a term of more than 10 years, which includes procurement of the incremental generation.
Long-term financial commitment means either a new ownership
Long-term financial commitment means either new ownership investment in the facility by the retail seller or local publicly owned electric utility or a new or renewed contract with a term of 10 or more, which includes procurement of the incremental generation.
Long-term financial commitment means an investment in or upgrade of a generating facility that produces baseload electricity, or a contract with a term of more than five years, beginning on the date on which the contract is executed, that includes acquisition of baseload electricity.
Long-term financial commitment means an investment in or up- grade of a generating facility that produces
Long-term financial commitment means an investment in or upgrade (with a number of exemptions) of a generating facility that produces baseload electricity or a baseload electricity contract (including renewals) with a term of more than five years.
Long-term financial commitment means an investment in or upgrade of a generating facility that produces baseload electricity, or a contract with a term of more than five years that includes acquisition of baseload electricity.