Peak Load definition
Examples of Peak Load in a sentence
Prior to execution and on the 15th day of each month (or on the nearest Business Day prior to the 15th day of the month if the 15th day of the month falls on a non-Business Day) during the Term, Customer shall provide PPM written documentation proving to PPM’s satisfaction (which satisfaction shall be determined in PPM's sole reasonable discretion) that Customer has met the Minimum Hedge Threshold for its Peak Load for each applicable DSM Asset for the upcoming calendar month.
At all times during the Term, prior to any DSM Asset operating as a Controllable Load Resource, Customer shall enter into and maintain, for each such DSM Asset, wholesale ▇▇▇▇▇▇ such that eighty-five percent (85%) of Customer’s Peak Load for such DSM Asset is fully hedged or is otherwise on a fixed rate power purchase contract (the “Minimum Hedge Threshold”).