Replacement Power definition
Replacement Power. (or “RP”) is 445 MW of Firm Power and associated Firm Energy from the Project eligible to be allocated by the Authority for sale to businesses pursuant to PAL § 1005(13).
Replacement Power means the Measured Energy for any Curtailment Hour.
Replacement Power means electricity purchased by BECO and delivered to the Delivery Point as replacement for any Delivery Shortfall. Replacement Power shall not include Contract Energy delivered to BECO on behalf of NEA pursuant to Section 3.1 hereof.
Examples of Replacement Power in a sentence
A charge representing reimbursement to the Authority for all applicable Taxes incurred by the Authority as a result of providing Expansion Power and/or Replacement Power allocated to the Customer.
If the average of the Customer’s six (6) highest Billing Demands (as such term is described in Service Tariff No. WNY-2) for Expansion Power and/or Replacement Power is less than 90% of the Customer’s Contract Demand in such calendar year the Authority may reduce the Contract Demand subject to in accordance with the procedures provide in Section III.5 of this Schedule.
Schedule B sets forth the Customer’s “Supplemental Expansion Power and/or Replacement Power Commitments” (“Supplemental Commitments”).
To sales of Expansion Power and/or Replacement Power directly to a qualified business Customer for firm power service.
Replacement Power and energy sold pursuant to this Agreement shall be made available by Authority and accepted by Contractor at Authority’s Niagara Switchyard at 115 and 230 kilovolts, as three-phase current alternating at a frequency of sixty cycles per second.
More Definitions of Replacement Power
Replacement Power means electricity purchased by CECO and delivered to the Delivery Point as replacement for any Delivery Shortfall. Replacement Power shall not include Contract Energy delivered to CECO on behalf of NEA pursuant to Section 3.1 hereof. "Replacement Price" shall mean the lesser of (a) the price at which CECO, acting in a commercially reasonable manner, purchases Replacement Power, plus (i) transaction and other administrative costs reasonably incurred by CECO in purchasing such Replacement Power and (ii) additional transmission charges, if any, reasonably incurred by CECO to transmit Replacement Power to the Delivery Point, or (b) the locational marginal pricing at the Delivery Point for such Replacement Power; provided, however, that in no event shall the Replacement Price include any penalties, ratcheted demand or similar charges, nor shall CECO be required to utilize or change its utilization of its owned or controlled assets or market positions to minimize NEA's liability. "Resale Damages" shall have the meaning set forth in Section 3.7 hereof. "Resale Price" shall mean the higher of (a) the price at which NEA, acting in a commercially reasonable manner, sells or is paid for Rejected Power, plus transaction and other administrative costs reasonably incurred by NEA in re-selling such Rejected Power; or (b) the LMP at the Delivery Point for such Rejected Power; provided, however, that in no event shall such price include any penalties, ratcheted demand or similar charges, and further provided that in no event shall NEA be required to utilize or change its utilization of the Facility or its other assets or market positions in order to minimize CECO's liability for Rejected Power. "Schedule or Scheduling" shall mean the actions of NEA or CECO and/or their designated representatives, including each Party's Transmission Providers, if applicable, of notifying, requesting and confirming to each other the quantity of Contract Energy to be delivered on any given day or days (or in any given hour or hours) during the Term at the Delivery Point. "S&P" shall mean Standard & Poor's Ratings Group, a division of McGraw Hill, Inc., and any successor thereto. "Support Payment" shall have the meaning set forth in Section 4.1(a)(i) hereof. "Term" shall have the meaning set forth in Section 2.2 hereof. "Third-Party Quote" with respect to any Capacity Requirement, shall mean a firm offer by an Approved Capacity Buyer to purchase Capacity from CECO in a volume and for a time pe...
Replacement Power means, in the event that a Forced Outage, interruption of Gas delivery or curtailment of Power transmission occurs, the amount of Power purchased or financially settled by Energy Manager that shall be equal to the positive difference obtained by subtracting the amount of Power actually delivered from each Facility from the amount of Power MMC has committed to sell Energy Manager in a particular Power Transaction.
Replacement Power. The energy from an alternative source responsible to be delivered by the Seller to Buyer at a price not exceeding than the price set in the Agreement.
Replacement Power means electricity purchased by NJEA as replacement for any Delivery Shortfall. Replacement Power shall not include Energy delivered to NJEA on behalf of PMI pursuant to Section 3.1(a). "Replacement Price" means the lesser of (A) the price at which NJEA (or any other Person acting on its behalf), acting in a commercially reasonable manner, purchases Replacement Power, plus (i) transaction and other administrative costs reasonably incurred by NJEA (or any other Person acting on its behalf) in purchasing such Replacement Power and (ii) additional transmission charges, if any, reasonably incurred by NJEA (or any other Person acting on its behalf) to transmit Replacement Power to the Delivery Point, or (B) the LMP at the Delivery Point for such Replacement Power; provided, however, that in no event shall such price include any penalties, ratcheted demand or similar charges, nor shall NJEA be required to utilize or change its utilization of its owned or controlled assets or market positions to minimize PMI's liability. "Resale Price" shall mean, without duplication, (i) the price at which PMI, acting in a commercially reasonable manner, sells or is paid for Rejected Power, plus (ii) transaction and other administrative costs reasonably incurred by PMI in re-selling such Rejected Power; provided, however, that in no event shall PMI be required to utilize or change its utilization of its other assets or market positions in order to minimize NJEA's liability for Rejected Power.
Replacement Power means electrical energy and/or capacity.
Replacement Power shall have the meaning given to such term in each of the Constellation PPA and the Dynegy PPA.
Replacement Power means either or both of Replacement Capacity and Replacement Energy.