Capacity purchase definition

Capacity purchase or “sale commitment” means electric generating capacity which a utility has committed to purchase or sell by means of contracts or other enforceable agreements.
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Capacity purchase shall have the meaning set forth in Appendix A.
Sample 1

Examples of Capacity purchase in a sentence

  • Except for System Peak Responsibility, all other information shall be provided prior to establishing System Peak Responsibility for a Capacity Year and shall include; validation of System Capacity per SPP Rating of Generating Equipment Criteria, Capacity purchase and sale contracts, Firm Power purchase and sale contracts, and firm transmission service agreements.

  • Failure of the small power producing facility to operate at the level of performance forecasted by the customer shall result in the Company adjusting the Capacity purchase price to reflect the demonstrated performance of the small power producing facility in question.B Maintenance or Back-Up Capacity: Small power producing customers desiring standby capacity for equipment failure or planned maintenance may contract with the Company the amount of standby capacity desired.

  • Given the number of Customers that have already executed the SSSA, we can no longer change elements of this critical standard agreement.In addition to the SSSA, Customers will enter into a separate confidential Primary Capacity Agreement providing the specific details of a Customer’s Capacity purchase (size, tenor, price).The SSSA and Primary Capacity Agreements are agreements between the Customer and TAQA Gas Storage B.V. (“GSB”).

  • Deriving the Shaping Capacity purchase amount for an example month (November): Determine the measured FY 2010 variance between the customer’s monthly HLH peak and average HLH load for the month, and then compare that to the customer's Net Requirement amount (because that is its limit).

  • Capacity purchase fees are now presented as a separate line item and continue to exclude the component of fees related to aircraft costs which are accounted for as lease liabilities in accordance with IFRS 16.

  • PSC 111.21 Capacity data.PSC 111.23 Capacity purchase and sale data affecting electric power supply.

  • Technical assistance activities in this area, however, have been retained.▪ Capacity purchase for Government use (from $7m to $6m): Capacity prices are now lower than initial estimates.▪ BPO capacity purchase (from $8m to $1.5m): Due partly to industry development and also to implementation delays, the absorption of funds for this activity will be significantly lower than expected.

  • Capacity purchase payments provided for under this Schedule are based on (1) an average of the 2018 PJM BRA clearing prices for Delivery Years 2019-2020 through 2021-2022, (2) converted to a cents/kWh on-peak capacity purchase price, (3) applied to the years of the Schedule 19-LMP contract that correspond to the Company’s capacity need as identified in its most recent IRP, and (4) levelized over the course of the ten-year contract.

  • The plan must include a proposal for a Lease agreement, a Capacity purchase agreement, and/or other measures to eliminate overuse of the Intake Facilities.

  • Activities to be reinforced, or added:▪ Capacity purchase for universities (from $19m to $21.5m): This activity includes (i) Capacity purchase, including IRUs and (ii) virtual network interconnecting the institutions.(iii) an Universities Network Operations Center.

Related to Capacity purchase

  • Transfer Supplement has the meaning set forth in Section 6.3(c) of this Agreement.

  • Capacity Transfer Right means a right, allocated to LSEs serving load in a Locational Deliverability Area, to receive payments, based on the transmission import capability into such Locational Deliverability Area, that offset, in whole or in part, the charges attributable to the Locational Price Adder, if any, included in the Zonal Capacity Price calculated for a Locational Delivery Area.

  • Capacity Market Buyer means a Member that submits bids to buy Capacity Resources in any Incremental Auction.

  • Commitment Transfer Supplement means a document in the form of Exhibit 15.3 hereto, properly completed and otherwise in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement.

  • VWAP Purchase Notice means an irrevocable written notice from the Company to the Buyer directing the Buyer to buy Purchase Shares on the VWAP Purchase Date pursuant to Section 1(c) hereof as specified by the Company therein at the applicable VWAP Purchase Price with the applicable VWAP Purchase Share Percentage specified therein.

  • Modified Commitment Transfer Supplement shall have the meaning set forth in Section 16.3(d) hereof.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.