Qualifying Hours definition
Examples of Qualifying Hours in a sentence
NQHm is the total number of Qualifying Hours in Settlement Month “m”.
For clarity, in no circumstances will POCRFm be less than (i) 0.95 in all months other than the Supplier’s Annual Planned Maintenance Month, even if Planned Outages are scheduled for more than five percent (5%) of Qualifying Hours in such Settlement Month, or (ii) 0.50 during the Supplier’s Annual Planned Maintenance Month, even if Planned Outages are scheduled for more than fifty percent (50%) of Qualifying Hours in such Settlement Month.
POCRFm is the Planned Outage Capacity Reduction Factor for Settlement Month “m”, which shall be equal to 1.0 if there are no Planned Outages affecting any Qualifying Hours in the Settlement Month, otherwise it shall be the greater of: (i) the value calculated as follows: 1 − 𝑃𝑃𝑃𝐻𝑚; and 𝑁𝑁𝑁𝐻𝑚 (ii) 0.95 in all months other than the Supplier’s Annual Planned Maintenance Month and 0.50 during the Supplier’s Annual Planned Maintenance Month.
True Up and Qualifying Hours Reduction, Work-Unit Rebid and Layoff will be discussed at the JLMC meeting that follows the utilization of this section.
Qualifying Hours shall include all straight time hours worked, vacation hours, general holiday hours, paid leave hours, Maternity/Paternity leave and overtime hours at the rate of one hour credited for each hour worked.