Common use of Measurement of Generation Clause in Contracts

Measurement of Generation. The Facility will have metering equipment that is capable of measuring both In Energy and Out Energy. For each Billing Period of the Facility account described in Paragraph (A) above, Out Energy and In Energy from the Facility will be calculated and reported to the Project Sponsor. If there is Out Energy during any Facility Billing Period, then such Out Energy shall be applied to Shared Financial Interest Customers’ accounts as described in Paragraph (C) below. Any Facility usage that is not covered by the application of Unused Credits shall be paid for by the Project Sponsor under the Company’s applicable Electric Delivery Rate Schedules and Terms and Conditions on file with the Maine Public Utilities Commission, as well as the Project Sponsor being responsible to pay for the applicable generation service provided by either the Standard Offer Provider or the Facility’s Competitive Electricity Provider.

Appears in 4 contracts

Samples: Agreement, www.versantpower.com, Agreement

AutoNDA by SimpleDocs

Measurement of Generation. The Facility will have metering equipment that is capable of measuring both In Energy and Out Energy. For each Billing Period of the Facility account described in Paragraph (A) above, Out Energy and In Energy from the Facility will be calculated and reported to the Project Sponsor. If there is Out Energy during any Facility Billing Period, then such Out Energy shall be applied to Shared Financial Interest Customers’ accounts as described in Paragraph (C) below. Any Facility usage that is not covered by the application of Unused Credits shall be paid for by the Project Sponsor under the Company’s applicable Electric Delivery Rate Schedules and Terms and Conditions on file with the Maine Public Utilities Commission, as well as the Project Sponsor being responsible to pay for the applicable generation service provided by either the Standard Offer Provider or the Facility’s Competitive Electricity Provider.

Appears in 4 contracts

Samples: Agreement, www.versantpower.com, www.versantpower.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.