Common use of Capacity Payment Clause in Contracts

Capacity Payment. The Capacity Payment for a given Month shall be calculated as follows: Capacity Payment = OM + AG + D + IT+ OT + I Where: OM = Operations and Maintenance Expenses - those Generating Resource Expenses chargeable to Accounts 500 through 557 (excluding Accounts 501, 509, 547, and 555) as defined in the Uniform System of Accounts. AG = Administrative and General Expenses - those Generating Resource Expenses chargeable to Accounts 920 through 935 as defined in the Uniform System of Accounts. D = Depreciation consists of Generating Resource Expenses properly chargeable to Accounts 403, 404, 405 and 406 as defined in the Uniform System of Accounts. IT = Seller Federal and State Income Taxes. OT = Other Taxes - those amounts which are not based upon income, applicable to Generating Resources, and chargeable to Account 408 as defined in the Uniform System of Accounts.

Capacity Payment. The Capacity Payment for a given Month shall be calculated as follows: Capacity Payment = OM + AG + D + IT+ OT + I Where: OM = Operations and Maintenance Expenses - those Generating Resource Expenses chargeable to Accounts 500 through 557 (excluding Accounts 501, 509, 547, and 555) as defined in the Uniform System of Accounts. AG = Administrative and General Expenses - those Generating Resource Expenses chargeable to Accounts 920 through 935 as defined in the Uniform System of Accounts. D = Depreciation consists of Generating Resource Expenses properly chargeable to Accounts 403, 404, 405 and 406 as defined in the Uniform System of Accounts. IT = Seller Federal and State Income Taxes. OT = Other Taxes - those amounts which are not based upon income, applicable to Generating Resources, and chargeable to Account 408 as defined in the Uniform System of Accounts. I = Seller Interest Expense - those Generating Resource Expenses chargeable to Accounts 427 through 432 as defined in the Uniform System of Accounts.