Net Capability definition
Examples of Net Capability in a sentence
Maximum Net Capability − means the Capacity demonstrated by the Project during a Contract Capacity Test for a NYISO Capability Period.
The Winter Net Capability during the -------------------- Winter Period and the Summer Net Capability during the Summer Period.
Minnesota Power's entitlement to energy associated with its entitlement to Net Capability shall decrease by a corresponding amount.
The procedure used pursuant to the NEPOOL ---------------- Agreement to determine the Summer Net Capability and the Winter Net Capability of the Facility as currently set forth in the NEPOOL Standards.
NEP shall have the option to purchase the Net Capability and the Net Electric Output of each or any of the Facilities following expiration or termination of this Agreement, other than for breach by NEP, upon substantially the same terms and purchase price as that offered by Seller to any third party, which option shall be held open for forty-five (45) days after Seller’s presentation of the terms of such offer to NEP.
The sole effect of Force Majeure under this Section 6.1(b) shall be to cause a rescheduling of such PJM Net Capability Verification Test.
NEP’s option to purchase such Net Capability and Net Electric Output of each or any of the Facilities shall survive expiration or termination of this Agreement and shall terminate only upon agreement by a third party to purchase such Net Capability and Net Electric Output upon substantially the same terms and purchase price most recently offered to NEP, but not accepted by NEP, within forty-five (45) days of Seller’s presentation of such offer to NEP.
Deactivated generating equipment which is not being reported and is being returned to active status shall be tested within thirty days to demonstrate its Monthly Net Capability.
The current summer Dependable Maximum Net Capability (DMNC) of this capacity is approximately 3900 MW.
Except as otherwise provided in Section 12.4(B), Seller’s aggregate financial liability to Company for Actual Damages following COD shall not exceed [insert [$100/kW × Net Capability] (the “Damage Cap”).