Merchant Project definition

Merchant Project means a Project that sells its energy output into a wholesale power market.
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Merchant Project means a project for which the recovery on and of capital invested is expected to be based on negotiated rates with a third party such as a generator, a consumer of electricity or a regulated utility, and not based on the inclusion of such invested capital in the regulated rate base of an invested utility.
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Merchant Project means a Project that sells its energy output other than on a contracted basis.
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Examples of Merchant Project in a sentence

  • The Consortium acknowledges that such access does not create any right for the Consortium to direct or modify the operation of the Merchant Project in any way and the Consortium further acknowledges that any exercise of its rights pursuant to this Section 20.08 shall be at its own risk and expense.

  • For the Term of this Agreement and subject to the requirements of the Financing Documents and the rights or remedies of any Lender thereunder, Genco shall apply the proceeds of any such casualty insurance policies received for damages for the Merchant Project to the repair of the Merchant Project.

  • The failure of PETROBRAS to comply with Genco's nominations of Natural Gas shall relieve Genco, for such period, of the obligation to have the Merchant Project capable of Commercial Operations by April 30, 2002.

  • If the Equivalent Availability Factor of the Merchant Project is less than the Guaranteed Equivalent Availability Factor, the Capacity Portion shall be adjusted as contemplated in Schedule 5.02(a).

  • As each Unit Pair reaches Unit Pair Commercial Operations, the Consortium shall distribute to Genco the proportional Energy Portion and Capacity Portion, which shall be adjusted to reflect in proportion to the capacity of the Merchant Project prior to Commercial Operations.

  • Genco authorizes the Consortium and its authorized agents, employees and inspectors to have reasonable access to the Merchant Project and the Project Site, subject to the safety rules and regulations and other policies of Genco, (a) in connection with the operation and maintenance of the Interconnection Facilities, (b) for the purpose of reading, testing and maintaining metering equipment or (c) as necessary to witness Scheduled Maintenance.

  • The Contract Capacity of the Merchant Project for the first Contract Year and each subsequent Contract Year shall be three hundred sixty-four megawatts (364 MW), at the Basis Conditions set forth in Schedule 13.01 (the "Contract Capacity").

  • Schedule 8.06 sets forth the Guaranteed Equivalent Availability Factor of the Merchant Project.

  • The Consortium shall cooperate with Genco during the start-up, testing and commissioning period of the Merchant Project during construction and, upon reasonable prior notice, shall accept one hundred percent (100%) of the Energy produced in such period in such amounts and for such periods of time as Genco may reasonably request for the purposes of start-up, testing and commissioning of the Merchant Project.

  • Genco and the other Parties to the Consortium shall develop and coordinate procedures and information systems for the day-to-day operations of the Merchant Project, including, Heat Rate monitoring, availability forecasts, generation ramp rates and operational restrictions and systems concerning the operations of the Merchant Project as required by ONS.


More Definitions of Merchant Project

Merchant Project means a Project that sells its energy output into a wholesale power market. “Money” shall have the meaning specified in Section 1-201(24) of the UCC. “Moody’s” means Xxxxx’x Investors Service, Inc. and any successor thereto.
Sample 1
Merchant Project means a Project that sells its energy output other than on a contracted basis. “Moody’s” means Moody’s Investors Service, Inc.
Sample 1
Merchant Project has the meaning set forth in the recitals.
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Related to Merchant Project

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Cogeneration unit means a unit that is able to operate in cogeneration mode;

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • generating plant means the generating facility described in Schedule 1 as amended from time to time;

  • Wastewater collection system means the sewer and pumping system used for the collection and conveyance of domestic, commercial and industrial wastewater; and

  • Storm water or wastewater collection system means piping, pumps, conduits, and any other equipment necessary to collect and transport the flow of surface water run-off resulting from precipitation, or domestic, commercial, or industrial wastewater to and from retention areas or any areas where treatment is designated to occur. The collection of storm water and wastewater does not include treatment except where incidental to conveyance.

  • Utility Services means physical plant including but not limited to pipes, valves, conduits, cables, terminals, transformers, etc. owned and operated by communications, television, hydro, gas and oil companies or any other utility companies.

  • Drainage system means one or more artificial ditches, tile drains or similar devices which collect surface runoff or groundwater and convey it to a point of discharge.

  • Energy Use Intensity (EUI means the kBTUs (1,000 British Thermal Units) used per square foot of gross floor area.

  • Transportation project means any project that the department is authorized by law to undertake including but not limited to a highway, tollway, bridge, mass transit, intelligent transportation system, traffic management, traveler information services, or any other project for transportation purposes.

  • Investment Project means an investment in qualified buildings

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.

  • Fuel system means the components which store or transport fuel on board the vehicle and comprise the fuel tank system, all fuel and vapour lines, any non-tank mounted fuel pumps and the activated carbon canister.

  • Generation Unit means a facility that converts a fuel or an energy resource into electrical energy.

  • Water Connection means the point where a water service line attaches to a water main, thereby allowing water to flow from the City’s water system to an individual customer.

  • Electric generating unit means an individual electric generator and its associated plant and apparatus whose electrical output is capable of being separately identified and metered. Emergency Condition shall mean a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; or (2) that, in the case of the CAISO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the CAISO Controlled Grid or the electric systems of others to which the CAISO Controlled Grid is directly connected; (3) that, in the case of the Participating TO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Participating TO’s Transmission System, Participating TO’s Interconnection Facilities, Distribution System, or the electric systems of others to which the Participating TO’s electric system is directly connected; or

  • Mixed-use project means a project comprising both a qualified

  • Processing Plant means plant systems, located on or off the Leased Premises, that include a gas processing plant, natural gasoline plant, gasoline plant, or other plant where raw unprocessed natural gas is processed to remove or extract Raw Mix from the natural gas stream to produce a Pipeline- Quality Natural Gas or Residue Gas and other products, and the Raw Mix is then either (i) separated by fractionation down to its base components prior to storage and/or transport that meets or conforms to all applicable Gas Processors Association (GPA) Standards and/or Specifications for the commercial sale of each liquefiable hydrocarbon product, or (ii) transported to another plant for separation down to its base components by fractionation prior to storage and/or transport for the commercial sale of each liquefiable hydrocarbon product. Any deductions, costs, or processing fees associated with the removal or recovery of Natural Gas Liquids is strictly limited to only that part of any Processing Plant or facility where Raw Mix is recovered, and if applicable at that plant, also fractionated to their component parts.

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region. Generation Interconnection Request:

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Electricity Services means the services associated with the provision of electricity to a person, including the exchange of electric energy, making financial arrangements to manage financial risk associated with the pool price, Distribution Access Service, system access service, ancillary services, billing, metering, performing load settlement and any other services specified in regulations made under the Act;

  • Generation Interconnection Facilities Study means a Facilities Study related to a Generation Interconnection Request.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • public service infrastructure means publicly controlled infrastructure of the following kinds: