Capacity Credit. Prior to the effective date of the provisions for Unforced Capacity under the Reliability Assurance Agreement, "
Capacity Credit. 148 2.4 Capacity Credit Market Implementation Date....................... 149 2.5
Capacity Credit. PECO shall establish annually, at the beginning of a PLANNING PERIOD, a CAPACITY CREDIT for such PLANNING PERIOD in the following manner. Except as provided in Section 6.5 hereof, the CAPACITY CREDIT shall be $179 per MW day for DESIGNATED CAPACITY received by PECO from the FACILITY less the product of: (a) $178 per MW day; (b) 1.5; and (c) the greater of: (i) zero (0); or (ii) the most recently calculated FACILITY EFOR less the PERFOLMANCE STANDARD. In no event shall the CAPACITY CREDIT be less than $0 or more than $178 per MW.
Capacity Credit a. All On-Peak Energy per On-Peak Month per kWh: 2.58¢ 2.72¢ 3.03¢ 3.22¢
Capacity Credit a. All On-Peak Energy per Summer Month per kWh: 8.83¢ 9.32¢ 10.37¢ 11.03¢
Capacity Credit. 157 7.4 Mandatory Sell Offers and Buy Bids............................... 157 Issued By: Xxxxxxx X. Drom Effective: November 10, 2000 Vice President, General Counsel Issued On: November 9, 2000 PJM Interconnection, L.L.C. Original Sheet No. 14 First Revised Rate Schedule FERC No. 24 AMENDED AND RESTATED Operating Agreement of PJM Interconnection, L.L.C. This Amended and Restated Operating Agreement of PJM Interconnection, L.L.C., dated as of this 2/nd/ day of June, 1997, amends and restates as of the Effective Date the Operating Agreement of PJM Interconnection, L.L.C. filed with the FERC on April 2, 1997, as amended.
Capacity Credit. The Capacity Credit shall include all capacity related credits associated 7 with delivery of power and energy under this Contract.
Capacity Credit. If Seller fails for reasons other than a Force Majeure or in the event of an occurrence described in Article II(D), during any Month to provide all or part of the Capacity to Buyer pursuant to Article II(C) hereof, Buyer shall use reasonable commercial efforts to purchase replacement capacity in the amount of such shortfall, and Seller will be obligated to reimburse Buyer for all such replacement costs. In the event that Buyer, in spite of using reasonable commercial efforts, is unable to purchase such Capacity shortfall, then the payments due to Seller in respect of that Month shall be reduced by a credit against the amount payable by Buyer for the next succeeding Month in an amount equal to the deficiency charge, if any, or other charges, as applicable, payable by Buyer under Article V(E) of the Amended and Restated PPA; provided, however, that if the amount of the credit is greater than the amount payable by Buyer for a single Month, Seller shall pay to Buyer the amount of such excess portion of the credit (an "Article V(E) Capacity Payment") on or before the last business day of the following Month The foregoing liquidated damages and the damages pursuant to Article V(F) hereof shall be the sole damages to which Buyer shall be entitled as the result of any failure by Seller to schedule or deliver Energy or to provide Capacity under this Agreement, subject to Articles X and XIV. SECTION F SELLER'S FAILURE TO DELIVER ANNUAL QUANTITY If Seller does not deliver the Annual Quantity (as may be adjusted for any partial calendar year) required to be delivered pursuant to Articles II(A), II(B) and V(C) hereof in any calendar year, then in addition to any amounts to be credited to Buyer by Seller under Article V(E) hereof, Seller shall pay to Buyer for such calendar year, as damages and not a penalty and as part of the consideration for this Agreement, an amount (the "Energy Shortfall Liquidated Damages") equal to the product of (i) the difference between (1) the Annual Quantity for such calendar year and (2) the Energy delivered by Seller for such calendar year multiplied by (ii) the difference between (1) the liquidated damages rate for such calendar year set forth on Exhibit 2, hereof and (2) the contract rate for such calendar year set forth on Exhibit 2, hereof. Buyer shall prepare and present to Seller on or before the fifth (5th) day of February of the succeeding calendar year a statement of the Energy Shortfall Liquidated Damages due and payable, if any,...
Capacity Credit. In addition to the energy credit, the Company shall pay the Seller $0.21670 per kWh for energy delivered by the Seller to the Company's system during the hours of 6:00 a.m. - 9:00 a.m. during the winter months of December - February.
Capacity Credit. Capacity Credit" shall, subject to the transition provision specified below, mean an entitlement to a specified number of megawatts of Unforced Capacity from a Capacity Resource for the purpose of satisfying capacity obligations imposed under the Reliability Assurance Agreement, such entitlement not to include any entitlement to the output of the Capacity Resource.
