Market Price Referent definition

Market Price Referent means the market price referent applicable to this Agreement, as determined by the CPUC in accordance with Public Utilities Code Section 399.15(c).
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Market Price Referent means the market price referent applicable to this Agreement, as determined by the CPUC in accordance with Public Utilities Code Section 399.15(c), as may be amended or modified from time to time.
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Market Price Referent or "MPR" means the market price referent applicable to this Agreement as determined by the CPUC in accordance with California Public Utilities Code Section 399.15(c) for the Term as set forth in Section 6.2.
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Examples of Market Price Referent in a sentence

  • For example, it appears that PG&E’s current assumption for new entrant capital costs is materially higher than that embedded in the currently applicable Market Price Referent.

  • For example, the cost of debt assumed into the Energy Division’s 2009 analysis of the Market Price Referent (MPR), an analysis that represents the risks of an IPP developer building a proxy plant under a long- term PPA, was 7.67% compared to PG&E’s authorized 6.05%, and the assumed cost of equity underlying the proxy developer was 11.96% vs.

  • Once both Parties have executed this Agreement PG&E shall pay Seller for each kilowatt hour (“kWh”) of the Product delivered to PG&E during each Contract Year for the Delivery Term at the applicable Market Price Referent specified below for the Facility’s actual Commercial Operation Date.

  • VALUATION INPUTS AND PARAMETERS Xxxxxx has a few suggestions for improving the methodology for valuing proposals: • Use the discount rate employed by the Energy Division in calculating the Market Price Referent, which is based on an estimate of the cost of capital for power developers, rather than a discount rate based on PG&E’s authorized cost of capital.

  • The contract price of the North Sky River PPA is less than the approved 2009 Market Price Referent for renewable energy contracts of 25-year term that begin deliveries in 2013.

  • Util.) Code Section 583, General Order (G.O.) 66-C, and D.06-06-066, certain market-sensitive data should be kept confidential to ensure that such data does not influence the behavior of bidders in future RPS solicitations.In the CPUC’s Resolution E-4199, the Commission established procedures for reviewing PPA amendment price increases that were above the Market Price Referent (MPR).Sedway Consulting believes that Resolution E-4199 applies to the Horizon Arlington third amendment.

  • A solicitation must not anticipate the creation of the Market Price Referent (MPR) under development in the RPS process.

  • Power Administration (“BPA”)) Nearest Competitive Renewable Energy Zone (CREZ), As Identified by the Renewable Energy Transmission Initiative (RETI) N/A Price Relative to Market Price Referent (MPR) N/A – No electricity purchased.

  • Each PPA has a term of twenty-five years, and the PPA prices are each below the applicable 2011 Market Price Referent (“MPR”).

  • Also, the contract price is than the 2009 Market Price Referent (“MPR”) of $100.98/MWh for a 20 year contract beginning in 2011 but the comparable 2008 MPR of $117.30/MWh which was in effect when contract negotiations were initiated.


More Definitions of Market Price Referent

Market Price Referent or “MPR” means the market price referent applicable to this Agreement as determined by the CPUC in accordance with California Public Utilities Code Section 399.15(c) for the Term as set forth in Section 6.2.
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Market Price Referent means the market price referent applicable to this
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Market Price Referent means the market price referent applicable to this 3 Avoided emissions may or may not have any value for GHG compliance purposes. Although avoided emissions are included in the list of Green Attributes, this inclusion does not create any right to use those avoided emissions to comply with any GHG regulatory program. Agreement, as determined by the CPUC in accordance with Public Utilities Code Section 399.15(c), as may be amended or modified from time to time.
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Market Price Referent means the presumptive cost of electricity from a non- renewable energy source which is used by the California Public Utilities Commission to evaluate the reasonableness of renewable portfolio standard contract costs for investor owned utilities under Senate Xxxx (SB) 1078, as modified by SB 107 and SB1036, as it may be further modified or replaced in the future. If, after the Gas Agreement 2011 Amendment Date, the Market Price Referent is subsequently eliminated or unavailable for reference, the City and the Cogenerator will agree to the use of another equivalent industry standard market referent(s) reflecting the cost of electricity from a non-renewable energy source. “Minimum Amount” shall have the meaning ascribed to it in Section 9.2(B) of the Cogeneration Agreement.
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Market Price Referent means the presumptive cost of electricity from a non- renewable energy source which is used by the California Public Utilities Commission to evaluate the reasonableness of renewable portfolio standard contract costs for investor owned utilities under Senate Xxxx (SB) 1078, as modified by SB 107 and SB 1036, as it may be further modified or replaced in the future. If, after the Gas Agreement 2011 Amendment Date, the Market Price Referent is subsequently eliminated or unavailable for reference, the Parties will agree to the use of another equivalent industry standard market referent(s) reflecting the cost of electricity from non-renewable energy sources.
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Related to Market Price Referent

  • Market Price as of any date, (i) means the average of the last reported sale prices for the shares of Common Stock on the OTCBB for the five (5) Trading Days immediately preceding such date as reported by Bloomberg, or (ii) if the OTCBB is not the principal trading market for the shares of Common Stock, the average of the last reported sale prices on the principal trading market for the Common Stock during the same period as reported by Bloomberg, or (iii) if market value cannot be calculated as of such date on any of the foregoing bases, the Market Price shall be the fair market value as reasonably determined in good faith by (a) the Board of Directors of the Company or, at the option of a majority-in-interest of the holders of the outstanding Warrants by (b) an independent investment bank of nationally recognized standing in the valuation of businesses similar to the business of the corporation. The manner of determining the Market Price of the Common Stock set forth in the foregoing definition shall apply with respect to any other security in respect of which a determination as to market value must be made hereunder.

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.