Block Energy definition

Block Energy means Block Energy LLC, formerly Emera Technologies LLC, a wholly-owned subsidiary of Emera existing under the laws of the State of Florida.
View Source

Examples of Block Energy in a sentence

  • With respect to a Transaction, Buyer shall accept Block Energy Supply as provided by Seller pursuant to Section 2.1 (Seller’s Obligation to Provide Service), and shall pay Seller on the applicable Monthly Settlement Date for such Block Energy Supply in accordance with Section 7.3 (Payments of the Invoice) the Monthly Settlement Amount.

  • The word “loss” in this Section 2.7 (Title Transfer) does not encompass electrical transmission and distribution losses which are the obligations of the Seller as defined in Block Energy Supply.

  • Seller shall schedule Block Energy Supply as provided in the Transaction, pursuant to the PJM Agreements.

  • Buyer and Seller shall work with PJM to establish any PJM E- Accounts necessary for Seller to provide Block Energy Supply.

  • When the Buyer is the Non-Defaulting Party and replaces Seller’s Block Energy Supply obligation under this Agreement, the result of that procedure will be deemed to be commercially reasonable for purposes of calculating the Default Settlement Amounts.

  • Seller warrants that it has good title to the Block Energy Supply sold and delivered hereunder and that it has the right to sell such Block Energy Supply, and that the Block Energy Supply delivered to Buyer shall be free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Point.

  • With respect to a Transaction, Seller shall provide Block Energy Supply on a firm and continuous basis such that the Specified Product is supplied during the Delivery Period.

  • Seller shall cease to have title to, possession of, and risk of loss with respect to liability pursuant to Sections 9.1 (Seller’s Indemnification for Third-Party Claims) and 9.2 (Buyer’s Indemnification for Third-Party Claims) of Block Energy Supply scheduled and received or delivered hereunder at the Delivery Point.

  • Seller will cooperate with Buyer in any regulatory compliance efforts that may be required to maintain the ongoing lawfulness and enforceability of the terms of this Agreement and to fulfill any regulatory reporting requirement associated with the provision of Block Energy Supply before FERC, the PUC, or any other Governmental Authority asserting jurisdiction.

  • On the third Business Day following the day on which the bid was submitted and if Seller is approved by the PUC as a provider of Block Energy Supply to Buyer, Buyer will forward by facsimile or other immediate means acceptable to both Parties, to Seller a partially executed Transaction Confirmation(s) and shall send by overnight delivery three (3) originals.

Related to Block Energy

  • Solar energy means the sun used as the sole source of energy for producing electricity.

  • Distributed energy resource means a nonemitting electric generation or renewable resource or program that reduces electric demand, manages the level or timing of electricity consumption, or provides storage, electric energy, capacity, or ancillary services to an electric utility and that is located on the distribution system, any subsystem of the distribution system, or behind the customer meter, including conservation and energy efficiency.

  • Net Energy The total quantity of electric energy (measured in kilowatt hours) produced by the Facility over a given time period and delivered to the Point of Interconnection, as measured by the revenue meter. "Net Energy" the equivalent of "Actual Output."

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.