Common use of Transmission Facility retirements Clause in Contracts

Transmission Facility retirements. Each Party shall calculate the GLDFs using a transmission model that contains a mutually agreed upon set of: (1) transmission lines that are modeled as in-service; (2) generators; and (3) loads. Using these GLDFs, generator output data from the three year period agreed to by the Parties, and load data from the three year period agreed to by the Parties, the Parties shall calculate each Party’s MW impact on each M2M Flowgate for each hour in the three year period agreed to by the Parties. Using these impacts, the Parties shall create a reference year consisting of four periods (“M2M Entitlement Periods”) for each M2M Flowgate. The M2M Entitlement Periods are as follows: