GENCO Generating Facilities definition
Examples of GENCO Generating Facilities in a sentence
The allocable share of operations and maintenance expenses to be attributable to each of the LIPA Generating Facility shall be determined by multiplying the Total Fixed O&M Cost Component by the total number of full time equivalent employees dedicated to the LIPA Generating Facility divided by the total number of full time equivalent employees working at each of the GENCO Generating Facilities covered under the PSA ("Allocated Fixed O&M Cost").
Authority will, in accordance with the provisions of Section 3.4, pay the total monthly cost of all Fuel for use in the GENCO Generating Facilities that are under contract to Authority pursuant to the Power Supply Agreement, including but not limited to any current or future fuel related taxes or other fuel related fees or costs reasonably incurred by Energy Manager.
Not less than a mutually agreed upon number of days prior to (a) the Closing Date and (b) the commencement of each successive five year period thereafter during the Term of this Agreement, GENCO shall prepare and submit to LIPA for review and approval a proposed Five Year Budget Plan, which shall provide details on the fixed and variable costs of operating the GENCO Generating Facilities, as set forth in Sections 8.1.1 and 8.1.2 and as described by Appendix A.
In providing the Fuel, Energy Manager shall use best efforts to minimize Fuel costs for the GENCO Generating Facilities, such efforts being consistent with (i) all applicable insurance policies, (ii) all applicable prudent industry practices and standards, including Prudent Utility Practice, (iii) all applicable operating and contract constraints for Fuel delivery, (iv) Energy Manager's collective bargaining agreements and (v) Applicable Law.
No provision in this Agreement will be deemed to grant to Executive any right with respect to Executive’s continued employment with, or other engagement by, PRGX or interfere in any way with the ability of PRGX at any time to terminate Executive’s employment or other engagement or to increase or decrease Executive’s compensation from the rate in existence at the Grant Date.
The Energy Manager will not contract for additional firm assets (including storage, pipeline capacity or swing gas supply) specifically for use in the GENCO Generating Facilities unless the Authority and Energy Manager agree to the contract Such Interruptible Gas Supplies will be provided only as long as it is available for use, in the GENCO Generating Facilities.
Unless otherwise arranged and agreed to between Authority and Energy Manager, all gas supplies to be used at the GENCO Generating Facilities will be Interruptible Gas Supplies or short term Firm Gas Supplies with contracts extending no longer than one month from the date entered into, all of which are System Interruptible Gas Supplies.
Parent and Company, working with the Authority, shall develop and present to Authority no later than 45 days after the Contract Date, a proposed methodology to be used to allocate costs between the T&D System, GENCO Generating Facilities as defined in the Power Supply Agreement, the Common Facilities, and Parent's gas system and costs under the Energy Management Agreement, including, without limitation, the concepts set forth in Appendix 11 of the Management Services Agreement.
Energy Manager will arrange for the most cost-effective Fuel for use at the existing GENCO Generating Facilities subject to Energy Manager's existing rate obligations to the gas customers of the current gas service area of Long Island Lighting Company.
Energy Manager will arrange for Gas Balancing services to be provided associated with use of gas at the GENCO Generating Facilities.