Contract Capacity Amount definition

Contract Capacity Amount means the Unforced Capacity Amount resulting from the Committed Capacity Amount.
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Contract Capacity Amount means, for each Capacity Year, the amount in U.S. Dollars to be credited to Buyer in the PJM eRPM system equal to (i) the Buyer’s Percentage of Contract Capacity for such Capacity Year, multiplied by (ii) the Project Capacity Resource Clearing Price for such Capacity Year.
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Examples of Contract Capacity Amount in a sentence

  • Seller shall be responsible for paying the costs required by PJM or otherwise necessary for the performance of Seller’s obligations set forth in the Agreement, including, without limitation, those arising under Section 3.1(a)(i)(A) and Section 3.1(a)(ii) with respect to the Capacity Value, Cleared Capacity Value and transfer of the Contract Capacity Amount to Buyer for each Capacity Year commencing in the Pre-Services Term Period or the Services Term.

  • Upon the execution, delivery and effectiveness of the Replacement PPA, this Agreement shall be deemed terminated and replaced in its entirety by such Replacement PPA; provided, however, that the obligation of Buyer and Seller pursuant to Section 3.1(a)(i) and 3.1(a)(ii) then in effect with respect to any Contract Capacity Amount for any Capacity Year shall remain in effect until the termination of such Capacity Year.

  • For each such Capacity Year, Seller and Buyer shall enter into a “Non-Unit Specific Capacity Transaction” under the PJM Capacity Rules pursuant to which Seller shall transfer to Buyer the Contract Capacity Amount for such Capacity Year, in consideration for the payment to Seller by Buyer of the Base Capacity Payment Rate (as adjusted) per each MW included in the calculation of the transferred Contract Capacity Amount.

  • The Parties acknowledge and agree that the allocation of capacity-related rights to Buyer under this Section 3.14 shall be accomplished in part through the obligations of Seller pursuant to Sections 3.1(a)(i)(A) and 3.1(a)(ii), including the transfer of the Contract Capacity Amount for each Capacity Year, but the Parties further acknowledge and agree to take such further actions as may be appropriate or desirable in order to give full effect to the intent of this Section 3.14.

  • In the event that the PJM Capacity Rules or the PJM Agreements are altered in such a manner as to materially change the method through which PJM attributes value for Capacity Value and, as a consequence, the Contract Capacity Amount to be transferred to Buyer in accordance with this Agreement, the Parties agree to modify this Agreement as necessary to preserve the economic bargain between the Parties as of the Execution Date.

  • For the 2011-2012 Delivery Year, the capacity payment shall equal the Contract Price for Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from ILR Resources, less all related penalties assessed by PJM to Company associated with any performance deficiency of Supplier’s Capacity Resources.

  • Notwithstanding anything to the contrary set forth in this Section 3.1(a)(ii), the Parties acknowledge and agree that the obligations of the Parties with respect to transfers of the Contract Capacity Amount to Buyer pursuant to this Section 3.1(a)(ii) shall apply only with respect to Capacity Years commencing in the Pre-Services Term Period and shall be based on the Capacity Value, Cleared Capacity Value and Contract Capacity applicable to the Project for each such Capacity Year.

  • For the 2011-2012 Delivery Year, the capacity payment from Company to Supplier (if Contract Price is greater than ILR Price), or from Supplier to Company (if ILR Price is greater than Contract Price), as the case may be, shall be the Contract Price less the RPMILR Price applicable to the Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from ILR Resources.

  • Under the condition that Supplier’s Delivered Capacity Amount is less than the Contract Capacity Amount, Supplier shall be subject to penalties assessed by PJM to Company in accordance with the PJM Agreements, as well as a diminished payment from Company.

  • For Delivery Years beyond the 2011-2012 Delivery Year, the capacity payment shall equal the Contract Price for Delivered Capacity Amount, but not to exceed Contract Capacity Amount, from Demand Resources, less all related penalties assessed by PJM to Company associated with any performance deficiency of Supplier’s Capacity Resources.

Related to Contract Capacity Amount

  • Available RP Capacity Amount means the amount of Restricted Payments that may be made at the time of determination pursuant to Sections 6.04(a)(i)(D), (a)(ii), (a)(vi), (a)(ix), (a)(xii), (a)(xviii) and (a)(xix) minus the aggregate amount of the Available RP Capacity Amount utilized by Parent or any Restricted Subsidiary to (a) make Investments pursuant to Section 6.06(q)(ii) or (b) make Restricted Debt Payments pursuant to Section 6.04(b)(iv)(B).

  • Contract Capacity has the meaning set forth in Section 3.1(f).

  • Project Capacity means the AC capacity of the project at the generating terminal(s) and to be contracted with MSEDCL for supply from the Solar Power Project.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Maximum Capacity or ‘Pmax’ means the maximum continuous active power which a power-generating module can produce, less any demand associated solely with facilitating the operation of that power-generating module and not fed into the network as specified in the connection agreement or as agreed between the relevant system operator and the power-generating facility owner;