P50 Energy Yield definition
P50 Energy Yield means, for each Agreement Year, an estimate of the Net Electrical Output, expressed as kWh, that the Facility can deliver to the Interconnection Point with a probability of occurrence of fifty percent (50%) for such year, as set out in the Energy Yield Assessment Report, based on forecasted Ambient Conditions and the assumption that the Facility (i) after the first (1st) Agreement Year, degrades at a rate of one-half percent (0.5%) and (ii) will make the Contract Capacity fully available at the Interconnection Point during such year.
P50 Energy Yield means, for any period of time, an estimate of the net electrical output, expressed as kWh, that the proposed facility can deliver to the T&D System with a probability of occurrence of fifty percent (50%) for such period, other than during any period of scheduled outages, based on the forecasted ambient conditions at the site during such period;