Common use of Planned Outage Clause in Contracts

Planned Outage. Seller’s obligation to deliver the Contract Quantity for any Showing Month shall be reduced if any portion of the Unit is scheduled for a Planned Outage during the applicable Showing Month, provided that Seller notifies Buyer of the Planned Outage, no later than fifteen (15) Business Days before the relevant deadline for the corresponding Compliance Showing applicable to that Showing Month. If a Unit is scheduled for a Planned Outage for the applicable Showing Month, the Unit Contract Quantity for the Unit shall be reduced by the product of (i) the unavailable capacity and (ii) the applicable Prorated Percentage of Unit Factor for such Unit.

Appears in 3 contracts

Sources: Confirmation for Resource Adequacy Capacity Product, Confirmation for Resource Adequacy Capacity Product, Confirmation for Resource Adequacy Capacity Product