Capacity Facility definition
Examples of Capacity Facility in a sentence
Nothing in this Agreement shall entitle or obligate Utility to purchase or take delivery of capacity, electric energy or ancillary services from the Capacity Facility.
Except as otherwise provided in this Section 10, neither party may assign this Agreement without (i) the other party’s prior written consent, such consent not to be unreasonably delayed, conditioned or withheld, it being understood that refusal to consent to the assignment of the Agreement to a Person that does not own or control the operation of the Capacity Facility shall not be deemed to be unreasonable, and (ii) the prior approval of the Board.
Except as otherwise provided in this Section 10, neither party may assign this Agreement without (i) the other party’s prior written consent, such consent not to be unreasonably delayed, conditioned or withheld, it being understood that refusal to consent to the assignment of the Agreement to a Person that does not own or control the operation of the Capacity Facility shall not be deemed to be unreasonable, and (ii) the prior written consent of the Board.
Generator is willing to commit to offer and clear [ ] MW of unforced capacity of the Capacity Facility into each Base Residual Auction conducted by PJM for all Delivery Years through the Conclusion Date.
The Average Capacity Factor shall be calculated at the end of each billing month as follows: ACF\\n\\ = ((GKWH\\n\\ - (FALKWH\\n\\) / (Committed Capacity- Facility Auxiliary Load) / (BMH Where: [GKWH\\n\\ = The cumulative sum of GKWH\\n\\ delivered by Air Products for the most recent 36 billing month period, including the current billing month n, or for the actual number of billing months since the Commencement Date if less than 36 billing months have elapsed since the Commencement Date.
With respect to Generator, Generator’s supply offer from the Capacity Facility fails to clear in any Base Residual Auction with respect to a Delivery Year during the Delivery Term.
Generator fails to cause the Capacity Facility to achieve commercial operation by no later than the six (6) months after the Awarded Commencement Date.
Generator fails to submit a supply offer, consistent with Section 2.3.3 for its Unforced Capacity and the Associated Energy and Associated Ancillary Services from the Capacity Facility.
With respect to Generator, Generator fails to submit a supply offer for an amount equal to ninety percent (90%) or more of the Awarded Capacity Amount from the Capacity Facility in any Base Residual Auction with respect to a Delivery Year during the Delivery Term.
Generator fails to cause the Capacity Facility to achieve the Commencement Date by no later than two (2) years after the Awarded Commencement Date, except if an event of Force Majeure causes additional delays.