Final RTO Unforced Capacity Obligation definition

Final RTO Unforced Capacity Obligation means the capacity obligation for the PJM Region, determined in accordance with RAA, Schedule 8.
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Final RTO Unforced Capacity Obligation means the capacity obligation for the PJM Region, determined in accordance with Schedule 8 of the Reliability Assurance Agreement.
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Final RTO Unforced Capacity Obligation means the capacity obligation for the PJM Region, determined in accordance with Schedule 8 of the Reliability Assurance Agreement. Financial Close shall mean the Capacity Market Seller has demonstrated that the Capacity Market Seller or its agent has completed the act of executing the material contracts and/or other documents necessary to (1) authorize construction of the project and (2) establish the necessary funding for the project under the control of an independent third-party entity. A sworn, notarized certification of an independent engineer certifying to such facts, and that the engineer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration. For resources that do not have external financing, Financial Close shall mean the project has full funding available, and that the project has been duly authorized to proceed with full construction of the material portions of the project by the appropriate governing body of the company funding such project. A sworn, notarized certification by an officer of such company certifying to such facts, and that the officer has personal knowledge of, or has engaged in a diligent inquiry to determine, such facts, shall be sufficient to make such demonstration.
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Examples of Final RTO Unforced Capacity Obligation in a sentence

  • PJM shall conduct for each Delivery Year a Base Residual Auction to secure commitments of Capacity Resources as needed to satisfy the portion of the Final RTO Unforced Capacity Obligation not satisfied through Self-Supply of Capacity Resources for such Delivery Year.

  • Such auction shall be conducted only if the Final RTO Unforced Capacity Obligation PJM Regional Reliability Requirement less the Forecast ILR Obligation, as calculated in accordance with the PJM Manuals immediately prior to the conduct of the Second Incremental Auction, is 100 megawatts or greater than the quantity of megawatts cleared in the Base Residual Auction for such Delivery Year.

  • The settlement steps are summarized below: Determine the The Final RTO Unforced Capacity Obligation for the Delivery Year as netis the total amount of MWs cleared in Base Residual Auction plus the unforced capacity obligations satisfied through BRA andMWs cleared in PJM Buy bids across all Incremental Auctions.

  • The Final RTO Unforced Capacity Obligation for the Delivery Year is allocated to the zones on a pro-rata basis based on Final Zonal Peak Load Forecasts made one month prior toknown in advance of the Third Incremental Auction to determine Final Zonal Unforced Capacity Obligations..

  • Such auction shall be conducted only if the Final RTO Unforced Capacity Obligation less the Forecast ILR Obligation, as calculated in accordance with the PJM Manuals immediately prior to the conduct of the Second Incremental Auction, is 100 megawatts or greater than the quantity of megawatts cleared in the Base Residual Auction for such Delivery Year.


More Definitions of Final RTO Unforced Capacity Obligation

Final RTO Unforced Capacity Obligation means the capacity obligation for the PJM
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Related to Final RTO Unforced Capacity Obligation

  • Daily Unforced Capacity Obligation means the capacity obligation of a Load Serving Entity during the Delivery Year, determined in accordance with Reliability Assurance Agreement, Schedule 8, or, as to an FRR entity, in Reliability Assurance Agreement, Schedule 8.1. “Day-ahead Congestion Price” shall mean the Congestion Price resulting from the Day-ahead Energy Market.

  • Unforced Capacity shall have the meaning specified in the Reliability Assurance Agreement.

  • Contracted Capacity means the capacity (in MW AC) contracted with MSEDCL for supply by the successful bidder at the Delivery Point from the Solar Power Project.

  • Potential electrical output capacity means, with regard to a unit, 33 per- cent of the maximum design heat input of the unit.

  • indemnified capacity means any and all past, present and future service by an indemnified representative in one or more capacities as a director, officer, employee or agent of the corporation, or, at the request of the corporation, as a director, officer, employee, agent, fiduciary or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other entity or enterprise;