Lost Energy Value means Lost Energy X the excess of the annual time- weighted average Mid-C Index Price for On-Peak and Off-Peak Hours over the time- weighted average Contract Price for On-Peak and Off-Peak Hours for the corresponding time period (provided that such excess shall not exceed the Contract Price and further provided that Lost Energy is deemed to be zero prior to reaching the Commercial Operation Date) plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery. (For Start-Up Lost Energy Value see Section 1.35).
Lost Energy Value means Lost Energy X the excess of the annual time- weighted average Mid-C Index Price for On Peak Hours and Off Peak Hours over the time weighted average Contract Price for On Peak and Off Peak Hours for the corresponding time period (provided that such excess shall not exceed the Contract Price and further provided that Lost Energy is deemed to be zero prior to reaching the Commercial Operation Date) plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery. (For Start-Up Lost Energy Value See 1.34)
Lost Energy Value means for a Contract Year: zero plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery, unless the Contract Year’s Net Output is less than the Minimum Net Output and the Contract Year’s time-weighted average of the Mid-C Index Price for On-Peak and Off-Peak Hours is greater than the time- weighted average of the Contract Price for On-Peak and Off-Peak Hours for that Contract Year, in which case Lost Energy Value equals: (Minimum Net Output - Net Output for the Contract Year) X (the lower of: the time-weighted average of the Contract Price for On-Peak and Off-Peak Hours; or the time-weighted average of the Mid-C Index Price for On-Peak and Off-Peak Hours – the time-weighted average of the Contract Price for On-Peak and Off-Peak Hours) minus Transmission Curtailment Replacement Energy Cost, if any, for like period plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery.
Examples of Lost Energy Value in a sentence
Seller shall have one year in which to cure the default during which time the Seller shall pay PGE damages equal to the Lost Energy Value.
On or before the thirtieth (30th) day following the end of each Contract Year, PGE shall bill for any Lost Energy Value accrued pursuant to this Agreement.8.2. Any amounts owing after the due date thereof shall bear interest at the Prime Rate plus two percent (2%) from the date due until paid; provided, however, that the interest rate shall at no time exceed the maximum rate allowed by applicable law.
As damages for Seller’s failure to deliver the Minimum Net Output (subject to adjustment for reasons of Force Majeure as provided in Section 4.2) in any Contract Year, notwithstanding any other provision of this Agreement the purchase price payable by PGE for future deliveries shall be reduced until Lost Energy Value is recovered.
As damages for Seller’s failure to deliver the Minimum Net Output (subject to adjustment for reasons of Force Majeure as provided in Section 4.2) in any Contract Year, notwithstanding any other provision of this Agreement, the purchase price payable by PGE for future deliveries shall be reduced until Lost Energy Value is recovered.
I n sofar a s r e a l es t a t e cl a i m s ar e co n ce rn ed t h is dele- g a t io n of au t h o r i t y a pplies o n l y t o cl a i m s fo r d a m a ges i n cide n t t o t h e u se an d occ u p an c y of r e a l p r ope r t y b y t h e Dep ar tm e n t of t h e A r m y o r t h e A r m y .
More Definitions of Lost Energy Value
Lost Energy Value means for a Contract Year: zero, unless the Net Output is less than Minimum Net Output and the mean Dow Jones Mid C Index Price is greater than the Contract Price, in which case Lost Energy Value equals: (Minimum Net Output - Net Output) X (Mean Dow Jones Mid C Index Price – Mean Contract Price). If PGE is in a Resource Sufficient Position as defined in the Tariff for a Contract Year, Lost Energy Value is deemed to be zero for that Contract Year.
Lost Energy Value means for a Contract Month: zero, unless the Contract Month’s Net Output is less than the Monthly Minimum Net Output and the Contract Month’s mean Mid-C Index Price is greater than the Contract Price, in which case Lost Energy Value equals: (Monthly Minimum Net Output - Net Output for the
Lost Energy Value means for a Contract Year: zero, unless the Net Output is less than Minimum Net Output and the mean Intercontinental Exchange Mid C Index Price is greater than the Contract Price, in which case Lost Energy Value equals: (Minimum Net Output - Net Output) X (the lower of the mean Contract Price or the Mean Intercontinental Exchange Mid C Index Price – mean Contract Price).
Lost Energy Value means for a Contract Year: zero plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery, unless the Contract Year’s Net Output is less than the Minimum Net Output and the Contract Year’s time weighted average of the Mid-C Index Price for On-Peak Hours and Off-Peak Hours is greater than the time weighted average of the Contract Price for On-Peak Hours and Off-Peak Hours for that Contract Year, in which case Lost Energy Value equals: (Minimum Net Output - Net Output for the Contract Year) X (the lower of: the time weighted average of the Contract Price for On-Peak and Off-Peak Hours; or the time weighted average of the Mid-C Index Price for On-Peak Hours and Off-Peak Hours – the time-weighted average of the Contract Price for On-Peak Hours and Off-Peak Hours) plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery.
Lost Energy Value means for a Contract Year: zero plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery, unless the Contract Year’s Net Output is less than the Minimum Net Output and the Contract Year’s time-weighted average of the Mid-C Index Price for On-Peak and Off-Peak Hours is greater than the time- weighted average of the Contract Price for On-Peak and Off-Peak Hours for that Contract Year, in which case Lost Energy Value equals: (Minimum Net Output - Net Output for the Contract Year) X (the lower of: the time-weighted average of the Contract Price for On-Peak and Off-Peak Hours; or the time-weighted average of the Mid-C Index Price for On-Peak and Off-Peak Hours – the time-weighted average of the Contract Price for On-Peak and Off-Peak Hours) minus Transmission Curtailment Replacement Energy Cost, if any, for like period plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery
Lost Energy Value means for a Contract Year: zero plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery, unless the Contract Year’s Net Output is less than the Minimum Net Output and the Contract Year’s time-weighted average of the Mid-C Index Price for On-Peak and Off-Peak Hours is greater than the time- weighted average of the Contract Price for On-Peak and Off-Peak Hours for that Contract Year, in which case Lost Energy Value equals: (Minimum Net Output - Net Output for the Contract Year) X (the lower of: the time-weighted average of the Contract Price for On-Peak and Off-Peak Hours; or the time-weighted average of the Mid-C Index Price for On-Peak and Off-Peak Hours – the time-weighted average of the Contract Price for On-Peak and Off-Peak Hours) plus any reasonable costs incurred by PGE to purchase replacement power and/or transmission to deliver the replacement power to the Point of Delivery.
Lost Energy Value means for a Contract Year: zero, unless the Net Output is less than Minimum Net Output and the mean Dow Jones Mid C Index Price is greater than the Contract Price, in which case Lost Energy Value equals: (Minimum Net Output - Net Output) X (Mean Dow Jones Mid C Index Price – Mean Contract Price) minus Transmission Curtailment Replacement Energy Cost if any for like period.