OBC Component of DCA. It is recognized that one component in the methodology used by TVA in establishing the DCA is the economic carrying cost of a combustion turbine plant (CT Plant). It is further recognized that the overnight build cost of a CT Plant (OBC) is part of this component. In establishing the DCA for participants in the IP Product that select a rolling term, the OBC that is used in determining the economic carrying cost of a CT Plant will not be revised unless the most recent projection of OBC varies by more than 5% from the then-effective OBC for the rolling term IP Product (Re-price Trigger). Effective on the first October that occurs at least five years after the date of the Re-Price Trigger, the updated values for the economic carrying cost of a CT Plant will replace all future values for that component when establishing the DCA.
Appears in 4 contracts
Samples: Product Agreement (Adit EdTech Acquisition Corp.), Product Agreement (Adit EdTech Acquisition Corp.), Interruptible Power Product Agreement (Power & Digital Infrastructure Acquisition Corp.)
