Monthly Capacity Rate Sample Clauses

Monthly Capacity Rate. The Monthly Capacity Rate, expressed in hundredths of dollars per kilowatt-month ($0.00/kW-Mo), for the combined LT Peaking Resource shall be determined each Month as: (1) the sum of: (a) the product of: (i) the then current megawatts (MW) associated with the Remainder (ii) for each Month in 1999, four dollars per kilowatt-month ($4.00/kW-Mo) for each Month in 2000, four and twenty-five one-hundredths dollars per kilowatt-month ($4.25/kW-Mo) for each Month in 2001, four and fifty one-hundredths dollars per kilowatt-month ($4.50/kW-Mo) (b) the product of: (i) the megawatts (MW) purchased by Oglethorpe Power pursuant to the notice incorporated above (ii) the rate determined below (2) divided by the sum of: (a) the then current megawatts (MW) associated with the Remainder (b) the megawatts (MW) purchased by Oglethorpe Power pursuant to the notice incorporated above. The rate for the megawatts (MW) purchased by Oglethorpe Power pursuant to the notice incorporated above for the Months of April 1999 through March 2000 shall be three and forty-four one-hundredths dollars per kilowatt-month ($3.44/kW-Mo). The rate, expressed in hundredths of dollars per kilowatt-month ($0.00/kW-Mo), for such capacity for each succeeding April through March period shall be determined as (i) three and fifty-five one-hundredths dollars per kilowatt-month ($3.55/kW-Mo), multiplied by (ii) the Gross Domestic Product Implicit Price Deflator, relative to a 1992 base year, as reported in the Survey of Current Business published by the Bureau of Economic Analysis United States Department of Commerce, Washington, D. C. ("GDPIPD") for the first quarter of the then current calendar Year as last reported prior to April 30 of such Year, divided by (iii) 113.070, the GDPIPD for the last quarter of 1998. If the GDPIPD methodology is revised or ceases to be reported, the Parties agree to adopt a comparable escalator through the process detailed in Part 6 of this Schedule B.