Capacity Transfer Right definition

Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area.
Sample 1Sample 2Sample 3
Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area. Capacity Transmission Injection Rights:
Sample 1Sample 2Sample 3
Capacity Transfer Right shall have the meaning specified in Tariff, Attachment DD.
Sample 1Sample 2Sample 3

Examples of Capacity Transfer Right in a sentence

  • This is calculated by subtracting the Final Zonal Capacity Transfer Right Credit Rate from the Resource Clearing Price in each LDA.

  • Capacity Transfer Right shall have the meaning specified in Attachment DD to the PJM Tariff.

  • The Annual Revenue Rate for an ILR resource shall be the Adjusted Zonal Capacity Price for the Zone in which such ILR was certified, but not to exceed the Locational Reliability Charges assessed on loads in such LDA, net of any Capacity Transfer Right credits allocated to such loads.

  • The Annual Revenue Rate for an ILR resource shall be the Adjusted Zonal Capacity Price for the Zone in which such ILR was certified, but no to exceed the Locational Reliability Charges assessed on loads in such LDA, net of any Capacity Transfer Right credits allocated to such loads.

  • Capacity Transfer Right (CTR) is a financial right that entitles the holder to the difference in the Net Regional Clearing Prices between Capacity Zones for which the transfer right is defined, in the MW amount of the holder’s entitlement.

  • PJM, Intra-PJM Tariffs, OATT, Definitions - I - J - K (9.0.0) (Incremental Capacity Transfer Right).

  • For any Base Residual or Incremental Auction that results in a positive Locational Price Adder for such LDA, the holder of an Incremental Capacity Transfer Right shall receive a payment equal to such Locational Price Adder multiplied by the megawatt quantity of the Incremental Capacity Transfer Right allocated to such Interconnection Customer.

  • Conversely, Massachusetts Municipal Wholesale Electric Company and Reading Municipal Light Department (MMWEC and Reading) urge the Commission to ensure that the ‘‘special’’ Capacity Transfer Right allocation be maintained as essential to any determination that the LICAP proposal is just and reasonable.

  • When an ICTR has a positive value and requires payment to the holder, that payment must be offset by a reduction in the Capacity Transfer Right (“CTR”) credits granted to the LSEs in the affected LDA.

  • The holder of a Capacity Transfer Right between two regions would receive congestion revenue— i.e., the difference in ICAP prices—between the two regions, just as the holder of an FTR receives congestion revenue from the spot energy market.


More Definitions of Capacity Transfer Right

Capacity Transfer Right shall have the meaning specified in Tariff, Attachment DD. Compliance Aggregation Area (CAA):
Sample 1Sample 2Sample 3

Related to Capacity Transfer Right

  • Incremental Capacity Transfer Right means a Capacity Transfer Right allocated to a Generation Interconnection Customer or Transmission Interconnection Customer obligated to fund a transmission facility or upgrade, to the extent such upgrade or facility increases the transmission import capability into a Locational Deliverability Area, or a Capacity Transfer Right allocated to a Responsible Customer in accordance with Tariff, Schedule 12A. Incremental Deliverability Rights (IDRs):

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Capacity Transmission Injection Rights means the rights to schedule energy and capacity deliveries at a Point of Interconnection of a Merchant Transmission Facility with the Transmission System. Capacity Transmission Injection Rights may be awarded only to a Merchant D.C. Transmission Facility and/or Controllable A.C. Merchant Transmission Facilities that connects the Transmission System to another control area. Deliveries scheduled using Capacity Transmission Injection Rights have rights similar to those under Firm Point-to-Point Transmission Service or, if coupled with a generating unit external to the PJM Region that satisfies all applicable criteria specified in the PJM Manuals, similar to Capacity Interconnection Rights.

  • Full Capacity Deliverability Status or “FCDS” has the meaning set forth in the CAISO Tariff.

  • Transfer Notice means the notice of a proposed transfer of Shares described in Section 8.