Expected Contract Quantity definition
Examples of Expected Contract Quantity in a sentence
The amount of Expected Contract Quantity that is the subject of such a request shall be deemed Expected Contract Quantity provided consistent with Section 12.03 for purposes of calculating a Monthly RA Capacity Payment pursuant to Section 9.02(a) and calculating any amounts due pursuant to Section 12.04.
For the purposes of the foregoing calculation: (i) each Monthly Payment shall be calculated using the Contract Quantity rather than the Expected Contract Quantity; and (ii) the Current Month shall be the next calendar month for which a showing will be made.
Throughout the Delivery Period, Purchaser and Seller shall take all commercially reasonable actions and execute all documents or instruments reasonably necessary to ensure (a) Purchaser’s rights to the Expected Contract Quantity for the sole benefit of Purchaser or any Subsequent Purchaser and (b) that Purchaser may use the Expected Contract Quantity to meet its Compliance Obligations.
For any month of the RA Delivery Period, and no later than five (5) Business Days before the relevant deadline for the initial Compliance Showing with respect to a particular Showing Month, Buyer may request that Seller not list, or cause the Storage Unit’s SC not to list, a portion or all of a Storage Unit’s applicable Expected Contract Quantity for any portion(s) of such Showing Month on the Supply Plan.
For illustrative purposes only, as of the Confirmation Effective Date, the obligation to replace all or any portion of the Expected Contract Quantity transfers from the load serving entity to the Unit’s SC eight (8) days prior to the Showing Month covered by the Supply Plan for the Monthly Supply Plan.
Seller will not have failed to deliver the Expected Contract Quantity if Purchaser fails or chooses not to submit the Shown Unit(s) and the Product in its Resource Adequacy Plan with the CPUC or CAISO.
Seller shall cause each Storage Unit’s SC to provide to the SCE, at least fifteen (15) Business Days before the relevant deadlines for each RA Compliance Showing, the applicable Expected Contract Quantity of such Storage Unit for each day of such Showing Month, including the amount of Flexible Capacity and Inflexible Capacity, that is to be submitted in the Supply Plan associated with this Agreement for the applicable period.
Seller shall schedule or cause the Shown Unit’s SC to schedule or make available to CAISO the Expected Contract Quantity of the Product during the Delivery Period, in compliance with the Tariff, and perform all, or cause the Shown Unit’s SC, owner, or operator to perform all, obligations under applicable law and the Tariff relating to the Product.
Seller shall or shall cause the Storage Unit’s SC to submit written notification to SCE, no later than fifteen (15) Business Days before the applicable RA Compliance Showing deadlines for each Showing Month, that SCE will be credited with the Expected Contract Quantity for each day of such Showing Month in the Storage Unit’s Supply Plan so that the credited Expected Contract Quantity for each day of the Showing Month equals the Expected Contract Quantity for such day of such Showing Month.
Seller shall identify the Shown Unit(s) and Expected Contract Quantity by providing Purchaser with the specific information contemplated in Appendix B no later than the Notification Deadline for the relevant Showing Month.