Economic Operations definition

Economic Operations means projects that result in a reduction of annual operating costs or capital savings.
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Economic Operations means the Project is operated with the intent to maximize the sum of the benefits less the sum of the costs and a pre-determined PPC approved margin. Economic Operations is further defined in Agreement Schedule 1.00.
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Examples of Economic Operations in a sentence

  • NCPA will operate the Project on an Economic Operations basis as further described in Agreement Schedule 1.00.

  • The PPC shall approve and may, from time to time, revise the calculations and parameters (e.g. heat-rate curves, start-up costs, physical operating plant limits, shutdown costs, and the like) used by NCPA to determine Economic Operations as set forth in Agreement Schedule 1.00.

  • The following provides a listing of the daily scheduling and dispatching activities, information requirements, and timelines: NCPA will forecast expected Economic Operations and fuel requirements to determine DA Energy and A/S bids for the CAISO’s markets.

  • If the Project is not scheduled to operate based on Economic Operations criteria during one or more periods pursuant to Agreement Schedule 1.00, and the Project is available for operations, then any Participant (or group of Participants) may request that NCPA operate the Project for such periods.