Common use of Hunter Variation Account Clause in Contracts

Hunter Variation Account. 6.1 The Parties shall establish and maintain a variation account to accumulate the hourly differences between Xxxxxxx’s schedule of its ownership entitlement in Hunter II generation and Deseret’s share of actual Hunter II net generation, based on Deseret’s ownership entitlement of Hunter II and its schedule; provided, however, that Xxxxxxx’s share of actual Hunter II net generation for purposes of calculating this variation shall be reduced by any capacity held (via electronic tag) by Deseret for Operating Reserves. Energy charged to or credited from the Hunter Variation Account as provided in this section shall be separately accumulated during on-peak and off-peak periods in accordance with the Northwest Power Pool definitions for on-peak and off-peak periods. PacifiCorp shall notify and provide an accounting summary to Deseret after the end of each month as to the amounts of Hunter Variation Account energy in the on-peak and off-peak periods indicating whether such energy is due PacifiCorp or due Deseret. Such variation amounts shall be eliminated through Hunter Variation Account schedules. Such schedules shall eliminate on-peak variations through on-peak schedules and off- peak variations through off-peak schedules within the next calendar month after PacifiCorp’s notification unless otherwise mutually agreed.

Appears in 2 contracts

Samples: pscdocs.utah.gov, Transmission Service and Operating Agreement

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Hunter Variation Account. 6.1 The Parties shall establish and maintain a variation account to accumulate the hourly differences between XxxxxxxUMPA’s schedule of its ownership entitlement in Hunter II generation 1 Resource and Deseret’s share of actual Hunter II net generation, based on DeseretUMPA’s ownership share entitlement of Hunter II 1 Resource. For the purpose of this Hunter Variation Account, variations between UMPA’s schedule of Hunter 1 Resource and its schedule; provided, however, that XxxxxxxUMPA’s ownership share entitlement of actual Hunter II net generation for purposes of calculating this variation shall be reduced 1 Resource less applicable reserves scheduled and/or called upon by PacifiCorp plus or minus any capacity held (via electronic tag) by Deseret for Operating Reserves. Energy charged schedules to or credited from the Hunter Bus to PacifiCorp to clear balances in the Hunter Variation Account as provided in this section shall be separately accumulated during on-peak and off-peak periods in accordance with the Northwest Power Pool definitions for on-peak and off-peak periods. PacifiCorp shall notify and provide an accounting summary to Deseret UMPA after the end of each month as to the amounts of Hunter Variation Account energy in the on-peak and off-peak periods indicating whether such energy is due owed to PacifiCorp or due Deseretto UMPA. Such variation amounts shall be eliminated through Hunter Variation Account schedules. Such schedules shall eliminate on-peak variations through on-peak schedules and off- peak variations through off-peak schedules within the next calendar month after ten days of PacifiCorp’s notification unless otherwise mutually agreed.

Appears in 2 contracts

Samples: Transmission Service and Operating Agreement, Transmission Service and Operating Agreement

Hunter Variation Account. 6.1 The Parties shall establish and maintain a variation account to accumulate the hourly differences between Xxxxxxx’s schedule of its ownership entitlement in Hunter II generation and Deseret’s share of actual Hunter II net generation, based on Deseret’s ownership entitlement of Hunter II and its schedule; provided, however, that Xxxxxxx’s share of actual Hunter II net generation for purposes of calculating this variation shall be reduced by any capacity held (via electronic tag) by Deseret for Operating Reserves. Energy charged to or credited from the Hunter Variation Account as provided in this section shall be separately accumulated during on-peak and off-peak periods in accordance with the Northwest Power Pool definitions for on-peak and off-peak periods. PacifiCorp shall notify and provide an accounting summary to Deseret after the end of each month as to the amounts of Hunter Variation Account energy in the on-peak and off-peak periods indicating whether such energy is due PacifiCorp or due Deseret. Such variation amounts shall be eliminated through Hunter Variation Account schedules. Such schedules shall eliminate on-peak variations through on-peak schedules and off- off-peak variations through off-peak schedules within the next calendar month after PacifiCorp’s notification unless otherwise mutually agreed.

Appears in 2 contracts

Samples: pscdocs.utah.gov, Transmission Service and Operating Agreement

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Hunter Variation Account. 6.1 The Parties shall establish and maintain a variation account to accumulate the hourly differences between XxxxxxxUMPA’s schedule of its ownership entitlement in Hunter II generation 1 Resource and Deseret’s share of actual Hunter II net generation, based on DeseretUMPA’s ownership share entitlement of Hunter II 1 Resource. For the purpose of this Hunter Variation Account, variations between UMPA’s schedule of Hunter 1 Resource and its schedule; provided, however, that XxxxxxxUMPA’s ownership share entitlement of actual Hunter II net generation for purposes of calculating this variation shall be reduced 1 Resource less applicable reserves scheduled and/or called upon by PacifiCorp plus or minus any capacity held (via electronic tag) by Deseret for Operating Reserves. Energy charged schedules to or credited from the Hunter Bus to PacifiCorp to clear balances in the Hunter Variation Account as provided in this section shall be separately accumulated during on-peak and off-peak periods in accordance with the Northwest Power Pool definitions for on-peak and off-peak periods. PacifiCorp shall notify and provide an accounting summary to Deseret UMPA after the end of each month as to the amounts of Hunter Variation Account energy in the on-peak and off-peak periods indicating whether such energy is due owed to PacifiCorp or due Deseretto UMPA. Such variation amounts shall be eliminated through Hunter Variation Account schedules. Such schedules shall eliminate on-peak variations through on-peak schedules and off- off-peak variations through off-peak schedules within the next calendar month after ten days of PacifiCorp’s notification unless otherwise mutually agreed.

Appears in 1 contract

Samples: Transmission Service and Operating Agreement

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