Variable O&M Rate definition

Variable O&M Rate or “VOMR” has the meaning set forth in Section 4.3(a).
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Variable O&M Rate means the rate, expressed in $/MWh, payable by Buyer to Seller for variable O&M costs for a defined period during the Delivery Term, as more particularly described in Section 2.2.2 of the Main Body and Appendices B-1 and B-2 to this RFP.
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Variable O&M Rate means the rate payable by Buyer to Seller for variable O&M costs for a defined period during the Delivery Term, as more particularly described in the Main Body and Appendices B-1 and B-2 to the RFP.
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Examples of Variable O&M Rate in a sentence

  • The CAISO Monthly Variable O&M Cost for each Unit is given by Equation C2-3 and is the product of the sum of Billable MWh for the Billing Month and the Unit’s Variable O&M Rate.

  • The CAISO Monthly Variable O&M Cost for each Unit shall be the product of the Unit’s Billable MWh for the Billing Month and the Unit’s Variable O&M Rate.

  • The Annual Fixed Revenue Requirements and the Variable O&M Rate for each such facility that shall be used for calculating charges to the CAISO during each calendar year shall be determined by application of the Formula set forth in Article II hereof to the Owner's costs incurred during the twelve-month period ended on June 30 of the prior calendar year.

  • The Annual Fixed Revenue Requirements and the Variable O&M Rate for each designated must- run generating facility shall be determined annually.

  • Whenever the Owner does not compute Annual Variable O&M Expenses based on the Initial Variable O&M Rate in the foregoing manner, the Owner shall include in each of Informational Package a detailed explanation of the method or methods used to classify O&M expenses as between fixed (i.e., capacity-related) expenses and variable (i.e., energy-related) expenses and the reason(s) such method results in just and reasonable rates.

  • The Annual Fixed Revenue Requirements and the Variable O&M Rate for each designated must-run generating facility shall be determined annually.

  • Year-to-Date CAISO Fuel Cost = (YTD Pumping Cost/YTD Energy Produced) ­ Variable O&M Rate Where:  YTD Pumping Cost =Total cost of Energy purchased by Owner for pumping, including transmission charges, from January 1 of the Contract Year through the end of the Billing Month.

  • The Variable O&M Rate for the term of the Agreement is $7.00 / MWh.

  • The Variable O&M Payment (“VOMP”) for each monthly billing period equals the Variable O&M Rate multiplied by the sum over such month of 1) the Unadjusted Metered Energy generated in response to a Buyer dispatch instruction relative to a Reservation of the Unit and 2) , during those hours when Buyer has scheduled a Physical Energy Schedule from the Unit pursuant to Section 3.2, the lesser of in each hour: (i) the Unadjusted Metered Energy (in MWh), or (ii) the Final Physical Energy Schedule (in MWh).

  • When adjusting the Variable O&M Rate (Base Charge), the adjustment shall apply to the energy delivered by Seller to HELCO in the month of the adjustment date (January 1) and then invoiced for payment in the following month.


More Definitions of Variable O&M Rate

Variable O&M Rate means $1.00/MWh (as of June 1, 1999), and as adjusted on the anniversary of the first and each subsequent Contract Year by the annual change in the GDP-IPD.
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Variable O&M Rate. OR "VOM" -- a rate applied to each MWh of Net Electric Energy delivered, as more fully described in Appendix 1, Section II, A.1.
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Variable O&M Rate shall have the meaning specified in Section 6.4(b).
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Related to Variable O&M Rate

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Premium Rate means the rate charged to an eligible group or eligible individual for a small group health plan.[PL 1991, c. 861, §2 (NEW).]

  • Interest Rate Cap means a Cap.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Variable Charge means the charge that varies according to kgtm and is calculated in accordance with the formula set out in paragraph 2.2.1, summed across all Services;

  • Variable Costs means the Train Operator’s costs which vary as a result of a Category 3 Disruption, a Relevant Cancellation or a Relevant Service Variation (as the case may be) arising directly from changes in train mileage including staff, maintenance, fuel or electricity costs, and the Variable Charge.

  • Weekly Rate means the rate of interest on a Group of 2020 Series D Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Variable Return means a percentage calculated as follows:

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Periodic Rate Cap With respect to each Adjustable Rate Mortgage Loan and any Adjustment Date therefor, the fixed percentage set forth in the related Mortgage Note, which is the maximum amount by which the Mortgage Rate for such Mortgage Loan may increase or decrease (without regard to the Maximum Mortgage Rate or the Minimum Mortgage Rate) on such Adjustment Date from the Mortgage Rate in effect immediately prior to such Adjustment Date.