merchant capacity definition
merchant capacity means the quantum of power proposed to be sold, otherwise than through long-term power supply agreement;
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Related to merchant capacity
Contract Capacity has the meaning set forth in Section 3.1(f).
System Capacity means the operational capacity of the Gathering System at any applicable point in time.
Storage Capacity means any combination of space, injectability and deliverability.
Production Capacity means the amount of potable water which can be supplied to the distribution system in a twenty-four-hour period.
Idle capacity means the unused capacity of partially used facilities. It is the difference between (a) that which a facility could achieve under 100 percent operating time on a one-shift basis less operating interruptions resulting from time lost for repairs, setups, unsatisfactory materials, and other normal delays and (b) the extent to which the facility was actually used to meet demands during the accounting period. A multi-shift basis should be used if-it can be shown that this amount of usage would normally be expected for the type of facility involved.