Deviation Bank definition
Deviation Bank means the continuously accumulating account of inadvertent interchange energy (on-peak and off-peak) between the Parties that is zeroed out at the end of each calendar month, as described in Schedules 4 through 6 of this Agreement.
Examples of Deviation Bank in a sentence
All Energy Imbalance shall be added to the appropriate Deviation Bank, separate and apart from the Deviation Band calculated for the 15-minute period.
At the conclusion of each calendar month, these Deviation Bank values are agreed upon and the running balances set to zero.
Energy Imbalance is calculated hourly in MWh and added to the applicable on-peak or off-peak Deviation Bank.
Imbalance energy from the Deviation Bank shall be returned in-kind at the points of delivery set forth in Appendix C to this Agreement.
The Company shall credit that amount to the pilot’s Deviation Bank, Section 8.C.2 (120), regardless of his deviation from such deadheads.